Compagnie Generale des Etablissements Michelin: management transactions · France · AMF

About Compagnie Generale des Etablissements Michelin

Compagnie Générale des Établissements Michelin is one of the world’s leading manufacturers of tires and mobility solutions. Founded in 1889 in Clermont-Ferrand by André and Édouard Michelin, the Group was built on a long industrial heritage rooted in materials science, innovation and road safety. Today, Michelin is a global listed company on the Paris stock exchange, widely recognized for combining industrial execution, technological leadership and a long-term strategic mindset. While tires remain the core of the business, the Group has broadened its model toward connected services and data-driven mobility solutions. Michelin’s core activities cover tires for passenger cars, motorcycles, trucks, buses, light commercial vehicles, two-wheelers, aircraft, agricultural machinery, civil engineering equipment and other specialized industrial uses. The Group is also active in connected mobility solutions, fleet management services, data analytics and other adjacent activities that extend its technical expertise. Michelin emphasizes its technological leadership, particularly in large-diameter tires, tires for electric vehicles and higher-value segments. It also holds strong positions in premium and professional markets, where performance, durability and safety are key purchasing criteria. Geographically, Michelin has a highly diversified global footprint. The Group sells its products in more than 170 countries and operates an international manufacturing network spanning multiple continents. This setup allows Michelin to tailor its offerings to local market conditions, climate requirements and customer usage patterns. The Michelin brand is also associated with highly visible non-tire activities, such as the MICHELIN Guide, which strengthens its global reputation beyond its industrial core. Notable facts include Michelin’s longstanding innovation culture, with major milestones such as the detachable tire, the radial tire and continued advances in sustainable mobility. In 2024, the Group reported sales of €27.2 billion, segment operating income of €3.4 billion and free cash flow of €2.2 billion, underscoring its resilience in a challenging market environment. Michelin is also pursuing ambitious sustainability goals, including the target of using 100% renewable and recycled materials in its tires by 2050.