Michelin

If 100 EUR had been invested in Michelin SA five years ago, the portfolio would now be worth 94.12 EUR, a decline of 5.88%. The stock's most recent closing price is around 31.27–31.48 EUR, and the market capitalization is about 21.19 billion EUR. The calculation does not take stock splits and dividends into account. » More on finanzen.net

Michelin lowered its expectations: CFO Benedicte de Bonnechose sees no recovery in sales in the fourth quarter, after which the stock lost about 6 percent and is headed for its biggest one-day decline in a year. For the first nine months, revenue fell 0.5 percent to €19.18 billion. The reasons were a 0.8 percent lower tire volume and negative currency effects, above all the depreciation of the US dollar in the first half of the year. » More on n-tv.de

An investment of €1,000 in Michelin SA a year ago would be worth €1,132.93 today, based on a price rise from €29.49 to €33.41 per share. That corresponds to a return of 13.29%. Michelin most recently had a market capitalization of €22.64 billion. The calculation does not take stock splits and dividends into account. » More on finanzen.net

Someone who had invested 100 EUR in Michelin SA ten years ago would now hold 4.048 shares and, at the closing price of 33.02 EUR, would have a value of 133.67 EUR, corresponding to an increase of 33.67 percent. The calculation does not take into account stock splits or dividends. Market value most recently around EUR 22.38 billion. » More on finanzen.net

Surprisingly strong inflation in France and significantly higher energy prices are raising costs for the tire industry. Michelin is among the sought-after stocks; investors are watching whether the company can maintain its traditional pricing power in this more demanding market environment. Higher raw material and production costs are likely to weigh on profitability and create uncertainty for the coming quarters. » More on finanzen.net