MGDDF News and Press, Compagnie Generale des Etablissements Michelin From 05/23/23

2023-05-23 16:38:05 ET Summary Michelin continues to be a great long-term investment with Q1 2023 sales up 7.4% YoY with the company proving resilient through COVID and the Ukraine conflict. As a global industry leader with a great brand, Michelin is highly profitable with ROE of ...

Summary DPS is up by 11% and there is still a safe balance sheet. All in line (once again). Positive price mix evolution which fully supports Michelin's business model resiliency. Michelin is more cautious for the current year. However, the company confirmed a stable 2023. Our ...

Compagnie Générale des Établissements Michelin Société en commandite par actions ( OTCPK:MGDDF ): FY GAAP EPS of €2.81. Revenue of €28.59B (+20.2% Y/Y). Press release For further details see: Compagnie Générale des &...

Compagnie Générale des Établissements Michelin Société en commandite par actions (MGDDF) Q4 2022 Results Conference Call February 13, 2023 12:30 PM ET Company Participants Florent Menegaux - CEO Yves Chapot - General Manager, CFO Conference C...

Economic uncertainty and normalizing inventory in the tire industry aroused a cautious outlook for Michelin ( OTCPK:MGDDF ) at RBC Capital Markets. The bank’s analysts indicated that tire inventories appear to have normalized into the close of 2022, impacting pricing power ...

Summary The company's latest tire data are supportive and confirm our investment thesis. Positive evolution of Michelin's “non-pneumatic” products. Stellantis' capital increase of Symbio might be a key catalyst. Despite the company outperforming the market, Michelin is...

Summary Ariel Investments’ 13F portfolio value decreased from $10.02B to $9.11B this quarter. They increased Zebra Technologies, Equity Commonwealth, and Generac Holdings while reducing Adtalem Global Education, Snap-on, and J. M. Smucker. The top three positions are Baidu, M...

French tire manufacturer Michelin ( OTCPK:MGDDF ) will not cut quite as many jobs as previously anticipated, according to Reuters. The company headquartered in the Auvergne-Rhône-Alpes region had previously expected to reduce jobs in its home nation by 2,300. However, to ...

Summary The company lowered its FCF guidance, confirming its EBIT profit outlook at a constant exchange rate. No margin disclosure, but we forecast a positive pricing delta in the second half of the year. Michelin is still trading at a depressed valuation compared to its histo...

Summary Ariel Investments’ 13F portfolio value decreased from $11.27B to $10.02B this quarter. They increased Gentex, Resideo Technologies, and Boyd Gaming while reducing Adtalem Global Education, J. M. Smucker, Aflac, and Trip.com. The top three positions are Baidu, Ph...