Michelin (XPAR:ML)
€ 37.12 -0.21 (-0.56%) Market Cap: 26.46 Bil Enterprise Value: 29.88 Bil PE Ratio: 13.50 PB Ratio: 1.48 GF Score: 89/100

Half Year 2022 Compagnie Generale des Etablissements Michelin SCA Earnings Call Transcript

Jul 26, 2022 / 04:15PM GMT
Release Date Price: €27.95 (-1.34%)
Operator

Ladies and gentlemen, welcome to the Michelin 2022 First half Results Conference Call. I now hand over to Mr. Florent Menegaux, CEO; and Yves Chapot, General Manager and Group CFO. Gentlemen, please go ahead.

Florent Menegaux;nÃ;rale des Ã;tablissements Michelin SociÃ;tÃ;en commandite par actions;CEO
Compagnie GÃ;Managing General Partner & Managing Chairman

©©©©- -

Good evening and good morning to all of you. Thank you for joining us for this semester results. Let me first start by just reminding us about our Michelin strategy and telling -- reminding everyone that our equity story is that Michelin's value will be driven by its growth in a time of shifting [parties]. I'm sure all of you have noticed that our environment is much more challenging than it was 18 months ago.

So if we recap and what you see on your -- on the screen, if we recap what our strategy, our growth strategy is to expand the size of our business and the size of the value

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