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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Half Year 2023 Compagnie Generale des Etablissements Michelin SCA Earnings Call Transcript

Jul 26, 2023 / 04:30PM GMT
Release Date Price: €28.69 (+0.38%)
Operator

Ladies and gentlemen, welcome to the Michelin conference call. As a reminder on your telephone during the Q&A session. I will now hand over to Mr. Florent Menegaux, Chief Executive Officer; and Mr. Yves Chapot, General Manager and Group CFO. Gentlemen, please go ahead.

Florent Menegaux;nÃ;rale des Ã;tablissements Michelin SociÃ;tÃ;en commandite par actions;CEO
Compagnie GÃ;Managing General Partner & Managing Chairman

©©©©- -

Thank you. Good evening, good morning, and good afternoon to all. and I are very pleased to welcome you to our half year results. So without further introduction, I will start directly by saying that Michelin has delivered sales growth of 5.9% in the first semester.

And has increased its segment operating income by 11.4% over the semester on adverse markets. The free cash flow before M&A reached EUR 922 million. And I'm pleased to tell you that we have revised our guidance upwards on both segment operating income and

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