News

Michelin Net Sales Are Up, Despite PLT North American Market Trends

Net sales for the Michelin Group increased 3% in the third quarter, but the company says the North American passenger and light truck tire market has shrunk during the first nine months of 2017 — and the decline is evident in both original equipment and replacement tires.

News

Price Hike Boosts Michelin's 1Q Sales

Net sales for Michelin Groupe were up 9.9% in the first quarter of 2017, led by early buying of tires ahead of the company’s price increase which went into effect April 1.

News

Michelin’s Net Income Rises 43% in 2016

Margins on consumer tires helped boost Groupe Michelin’s net income 43% in 2016. Michelin posted net income of 1.7 billion euros on net sales of 20.9 billion euros for its fiscal year ended Dec. 31, 2016. That compares to income of 1.2 billion euros on sales of nearly 21.2 billion euros for fiscal 2015.

News

Michelin's 3Q Sales Drop 2.4%

Groupe Michelin posted net sales of nearly 5.2 billion euros for the third quarter ended Sept. 30. That compares to sales of 5.3 billion euros for the same period last year.

News

Michelin’s Net Income Rises Almost 24% in 2 Years

Despite a drop in net sales of about 2%, Groupe Michelin says its tire volumes in the first half of 2016 beat the market in every segment. Passenger and light truck tires were the leaders, with a 4% increase over the same period a year ago.

News

Michelin Q1 Net Sales Are Up Less Than 1%

Despite a 4% increase in net sales of passenger car and light truck tires, Michelin Group’s net sales were up less than 1% in the first quarter of 2016 versus the year-ago period.

News

Consumer tire sales leading the way for Michelin

Groupe Michelin’s sales of passenger and light truck tires “clearly outpaced the market” during the first half of 2015, the company said, with net sales of consumer tires rising 13.4% compared to the same period a year ago.

News

Michelin's earnings and sales are lower in 2014

Group Michelin recorded net income of 1.0 billion euros on net sales of 19.5 billion euros for its fiscal year ended Dec. 31, 2014. That compares to income of 1.1 billion euros on net sales of 20.2 billion euros for its fiscal 2013.

News

Michelin says sales are down, volume is up

Groupe Michelin posted net sales of 14.5 billion euros for the first nine months ended Sept. 30, 2014. That was a 4.7% decrease compared to the first nine months of 2013.

News

1H results: Michelin increases income by 23%

Groupe Michelin posted net income of 624 million euros on net sales of more than 9.6 billion euros for the first half ending June 30, 2014. That compares to income of 507 million euros on sales of more than 10.1 billion euros for the first half of 2013.

News

Michelin will close truck tire plant in Hungary

Groupe Michelin has begun steps to close its truck tire plant in Budapest, Hungary. According to Michelin, the closing is necessary "in response to the adverse trends and aggressive competition in the European truck tire market, which remains volatile and 23% down on its historic peak in 2007."

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