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Last €95.87 EUR
Change Today -0.82 / -0.85%
Volume 814.2K
As of 11:35 AM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

michelin (cgde) (ML) Snapshot

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52 Week High
04/16/15 - €98.28
52 Week Low
10/27/14 - €65.10
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Current Stock Chart for MICHELIN (CGDE) (ML)

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michelin (cgde) (ML) Details

Compagnie Generale des Etablissements Michelin manufactures, distributes, and sells tires worldwide. It offers tires for cars, vans, trucks, buses, farm machinery, earthmovers, mining and handling equipment, tramways, metros, aircrafts, motorcycles, scooters, and bicycles. The company provides its products primarily under the MICHELIN, BFGoodrich, KLEBER, UNIROYAL, WARRIOR, Kormoran, RIKEN, TAURUS, and TIGAR brand names. It also operates approximately 3,800 dealership networks and service centers in 29 countries. In addition, the company offers truck driver assistance services; and fleet tire advice, maintenance, and management services, as well as publishes maps and guides to provide mobility assistance services. Further, Compagnie Generale des Etablissements Michelin, through its partnership with licensees, develops car and bike accessories; and work, sport, and leisure gears, as well as collectibles. Additionally, it provides digital fleet management services; and operates an online tire store. The company was formerly known as Manufacture de Caoutchouc Michelin and changed its name to Compagnie Generale des Etablissements Michelin in October 1951. Compagnie Generale des Etablissements Michelin was founded in 1863 and is headquartered in Clermont-Ferrand, France.

106,700 Employees
Last Reported Date: 03/3/15
Founded in 1863

michelin (cgde) (ML) Top Compensated Officers

Chief Executive Officer, Managing General Par...
Total Annual Compensation: €1.9M
Compensation as of Fiscal Year 2014.

michelin (cgde) (ML) Key Developments

Michelin Plans to Open More Truck Service Centres

Michelin announced it is set to strengthen its GCC presence with the opening of five more truck service centres in the region in 2015. Spread over 10,000 sq. feet, the new facility is equipped with facilities including a computerized truck tyre alignment machine, truck tyre balancing machine, truck tyre repair machine, tyre fitment and removal, and offers end to end tyre-related services for trucks and buses. Products include new tyres, batteries, valves and extensions. Michelin also opened a new Tyreplus branch in the Jafza area on the same day, to further strengthen its franchise presence in the region.

Michelin Announces €40 Million Expansion at Hungary Plant

Michelin announced that it will spend €40 million to expand production at its base in Nyiregyhaza (NE Hungary). The investment will raise daily output at the plant to 6,900 by the end of 2017 and create 100 jobs. The company wound up a €50 million development at the base in 2011 and launched a €15 million investment in 2012 that will raise output by 20% by the end 2015.

Michelin Launches First Summer Tyre Certified for Winter Use

Michelin announced that motorists will soon be able to purchase a summer tyre that has been certified for use in winter, following the unveiling of an all-new tyre dubbed by Michelin as one of its most important launches for a decade. Combining summer and winter tyre technologies, the new Michelin CrossClimate range offers the same levels of grip, road holding, energy efficiency and durability expected of a Michelin summer tyre, while maintaining winter performance comparable to that of a Michelin winter tyre. The new CrossClimate range stands out for its impressive braking performance in the dry, combined with achieving the top ‘A’ rating for wet braking under European tyre labelling legislation. It is also approved for winter use even in countries that require special equipment for winter driving, with the new tyres carrying the Three Peak Mountain Snow Flake (3PMSF) certification on the sidewall. The new Michelin CrossClimate tyre range will be available in Europe from May 2015, initially in 23 sizes ranging from 15 to 17 inches and covering 70% of cars sold on the European market, as well as many makes of car-derived vans. Other sizes are scheduled for introduction in 2016.


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ML Competitors

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Company Last Change
Bridgestone Corp ¥5,041 JPY -29.00
Pirelli & C. SpA €15.36 EUR +0.03
Sumitomo Rubber Industries Ltd ¥2,206 JPY -26.00
Goodyear Tire & Rubber Co/The $27.23 USD +0.17
Yokohama Rubber Co Ltd/The ¥1,301 JPY +12.00
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Price/Sales 0.8x
Price/Book 1.7x
Price/Cash Flow 15.4x
TEV/Sales 0.6x

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