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Michelin: net income down slightly to E1,890m in 2024
(CercleFinance.com) - Group sales amounted to E27,193m in 2024, down 4.
1% from E28,343m in 2023. At constant exchange rates, the decline was 3.1%. Operating income from sectors stood at E3,378m at 31 December 2024, or 12.4% of sales, compared with E3,572m and 12.6% at 31 December 2023. Free cash flow before acquisitions amounted to E2.2bn, with EBITDA representing 19.7% of sales, up 0.3 point. Net income is down slightly (-4.7%), to E1,890m in 2024 (vs. E1,983m in 2023). Michelin is targeting an increase in segment operating income at constant exchange rates compared with 2024, and free cash flow generation before acquisitions in excess of E1.7bn. The Group maintains its objectives for 2026 as communicated at its 2024 Investor Day. Copyright (c) 2025 CercleFinance.com. All rights reserved. |
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