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
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Compagnie Generale des Etablissements Michelin SCA M&A Call Transcript

Jun 19, 2023 / 06:00AM GMT
Release Date Price: €27.21 (-0.95%)
Operator

Ladies and gentlemen, welcome to the Michelin conference call. I now hand over to Mr. Yves Chapot General Manager and Group CFO. Mr. Chapot, please go ahead, sir.

Yves Chapot;nÃ;rale des Ã;tablissements Michelin SociÃ;tÃ;en commandite par actions;Managing Partner
Compagnie GÃ;GM & CFO

©©©©- -

Thank you. Good morning, everyone. Sorry for waiting you up so early on the Monday morning, but we wanted to share with you the announcement that we did this morning. As yesterday, we have signed the acquisition of a company called Flex Composite Group, which we are currently belonging to IDI, the French private equity company. And through this operation, we are going to create the leader in high-tech engineered fabrics and films. I'm not alone this morning and with Maude Portigliatti, our Executive Vice President in charge of high-tech material, and we will together share with you some slides before moving to the Q&A session.

So maybe some words about

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