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 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

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.

The Michelin Selfseal will be launched in Europe next year.
News

Michelin is in China changing the world

The 12th annual Michelin Challenge Bibendum is being held this week in Chengdu, China. The event brings together members of both the private and public sectors to examine sustainable mobility, with this year’s conference focusing on innovation in mobility at the heart of growth and urban well-being.

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.

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