Michelin targeting double-digit billion mark

February 27, 2012

Michelin targeting double-digit billion markFRENCH tyre maker Michelin expects to capitalise on a number of unique competitive advantages to drive at least 25% growth and generate positive-free cash flow over the 2011-2015 period. Meanwhile, it has raised its 2015 operating income target to EUR2.5 billion.

Its advantages include forefront positions both in the premium tyre segment and in all of its speciality businesses as well as a balanced global footprint that will be further strengthened in 2012 with the start-up of new plants in Brazil and China.

Michelin says it has also introduced a new programme to improve the competitiveness of its manufacturing
operations and services by around EUR1 billion over five years.(PRA)

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