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Michelin: Restatement of segment reporting of interim periods (Q1, H1, 9M) 2024

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Michelin
Michelin

                                                                                                                                                                                                                                                                           March 25th, 2025

23, Place des Carmes-Déchaux - 63000 CLERMONT-FERRAND

Restatement of segment reporting of interim periods (Q1, H1, 9M) 2024

The below information reflects the intermediate (Q1, H1, 9M) restatements following to the changes in the scope of reporting segments implemented in 2024. These changes were mainly related to the Two-wheel tire business, which is now consolidated in the SR1 (Automotive, Two-wheel and related distribution segment), in alignment with the internal reporting process. The restated values for the intermediate periods (Q1, H1, 9M) become the 2024 reference values that will be used for the 2025 and forthcoming publications.

M€

 

Q1 2024
released

Q1 2024
restated

 

H1 2024
released

H1 2024
restated

 

9M 2024
released

9M 2024
restated

 

FY 2024
released (same as restated)

 

 

 

 

 

 

 

 

 

 

 


SR1

 

 

 

 

 

 

 

 

 

 

 

Sales

 

3 376

3 518

 

6 847

7 151

 

10 356

10 777

 

14 667

SOI

 

 

 


914

946


 

 


1 917

SOI %

 

 

 


13.4%

13.2%


 

 


13.1%

SR2

 

 

 

 

 

 

 

 

 

 

 

Sales

 

1 595

1 584

 

3 263

3 232

 

4 933

4 909

 

6 599

SOI

 

 

 


300

306


 

 


597

SOI %

 

 

 


9.2%

9.5%


 

 


9.0%

SR3

 

 

 


 

 


 

 


 

Sales

 

1 671

1 539


3 371

3 098


4 882

4 485


5 926

SOI

 

 

 


568

530


 

 


864

SOI %

 

 

 


16.8%

17.1%


 

 


14.6%

Group

 

 

 


 

 


 

 


 

Sales

 

6 642


13 481


20 171


27 193

SOI

 

 

 


1 782


 

 


3 378

SOI %

 

 

 


13.2%


 

 


12.4%

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