Michelin (LTS:0OFM)
€ 30.7 -0.11 (-0.36%) Market Cap: 21.70 Bil Enterprise Value: 25.85 Bil PE Ratio: 11.57 PB Ratio: 1.22 GF Score: 77/100
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Q3 2022 Compagnie Generale des Etablissements Michelin SCA Corporate Sales Call Transcript

Oct 25, 2022 / 04:30AM GMT
Release Date Price: €25.6 (+2.40%)
Operator

Ladies and gentlemen, welcome to the Michelin Conference Call. I'll now hand over to Mr. Yves Chapot, General Manager and Group CFO. Gentleman, please go ahead.

Yves Chapot;nÃ;rale des Ã;tablissements Michelin SociÃ;tÃ;en commandite par actions;Managing Partner
Compagnie GÃ;GM & CFO

©©©©- -

Thank you, Sabrina. Good evening, everyone. Thank you for being available this evening for our Q3 Revenue Disclosure. I will first comment on the presentation that we have disseminated 45 minutes ago, along with our press release and then answer to your questions. First, I want to (inaudible) this on the fact that despite a very volatile environment, the group has delivered a 20.5% growth in revenue, 14% at constant exchange rate. We confirm our full year guidance on the segment operating income, and we lower our guidance on free cash flow, primarily to take in account the effect of inflation and the exchange rate on our working capital. Markets have been globally

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