Key Developments: Compagnie Generale des Etablissements Michelin SCA (MICP.PA)

MICP.PA on Paris Stock Exchange

91.74EUR
27 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Compagnie Generale des Etablissements Michelin SCA gives FY 2015 EBIT outlook in line with analysts' estimates - Conference Call
Tuesday, 10 Feb 2015 05:00am EST 

Compagnie Generale des Etablissements Michelin SCA:Says company look at an operating income in FY 2015 around 2.5 billion euros.FY 2015 EBIT of 2.468 billion euros - Thomson Reuters I/B/E/S.  Full Article

Compagnie Generale des Etablissements Michelin asks shareholders to approve dividend of 2.5 euro per share
Tuesday, 10 Feb 2015 01:00am EST 

Compagnie Generale des Etablissements Michelin SCA:Asks shareholders to approve dividend of 2.5 euro per share unchanged from previous year.  Full Article

Compagnie Generale des Etablissements Michelin SCA completes Sascar acquisition
Monday, 1 Sep 2014 02:45am EDT 

Compagnie Generale des Etablissements Michelin SCA:Announces that it has completed the acquisition of all outstanding shares of Sascar.  Full Article

Michelin to acquire Brazilian Sascar
Monday, 9 Jun 2014 02:45am EDT 

Compagnie Generale des Etablissements Michelin SCA:Intends to acquire all outstanding shares of Sascar, Brazilian digital fleet management and freight security company, based in Sao Paulo.Sascar has 870 employees and generated FY 2013 revenue of 280 mln Brazilian reias (about 91 mln euros).Acquisition to expand Michelin service offering for truckers and to speed growth of its truck tire business in Brazil.Enterprise value of 1,600 mln reias (about 520 mln euros), includes purchase price of 1,353 mln reias (about 440 mln euros) and 247 mln reias (about 80 mln euros) in debt.Amounts to be adjusted when acquisition closes.Acquisition subject to approval from Brazilian competition authorities.  Full Article

Michelin to be new MotoGP's official tire supplier from 2016-Reuters
Thursday, 22 May 2014 08:00pm EDT 

Compagnie Generale des Etablissements Michelin SCA:Michelin to replace Bridgestone as MotoGP's official tire supplier from 2016, according to series organizers Dorna - Reuters.Bridgestone is to withdraw from that sport at end of 2015.  Full Article

Michelin launches the anti-landmine tire
Thursday, 22 May 2014 08:00pm EDT 

Compagnie Generale des Etablissements Michelin SCA:Launches the anti-landmine tire, a product designed to meet the needs of the French Army and the defense systems manufacturer MBDA.Anti-landmine tire exerts less ground pressure than a man’s footfall when fitted to a vehicle weighing over 7.5 tons.It is capable of clearing safe pathways through minefields without setting off explosions.  Full Article

Michelin acquires minority stake in SymbioFCell
Tuesday, 6 May 2014 06:38am EDT 

Compagnie Generale des Etablissements Michelin SCA:Takes part in SymbioFCell capital increase by acquiring minority stake.SymbioFCell specializes in fuel cell space.Acquisition in line with Michelin innovation strategy.  Full Article

Michelin announces closing of truck tire plant in Budapest affecting 512 employees
Monday, 5 May 2014 08:00pm EDT 

Compagnie Generale des Etablissements Michelin SCA:Announces intention to close truck tire production plant in Budapest.Plant's production of tires sold under the Taurus, Riken and Kormoran brands to be terminated in mid-2015.Individual support measures to be offered to each of 512 concerned employees.Budapest plant's production to be mainly reallocated to company facilities in Olsztyn (Poland), Zalau (Romania), Karlsruhe and Homburg (Germany).  Full Article

Michelin confirms FY 2014 outlook
Wednesday, 23 Apr 2014 11:45am EDT 

Compagnie Generale des Etablissements Michelin SCA:Confirms FY 2014 objectives of increase in EBIT.  Full Article

Michelin provides tires for Volvo Polestar
Tuesday, 8 Apr 2014 08:00pm EDT 

Compagnie Generale des Etablissements Michelin SCA:Says all new Volvo S60s and V60 Polestars will be fitted with 245/35 R 20 Michelin Pilot Super Sport tires as standard.  Full Article

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