Michelin net income falls 8.81% to €766 million in H1 FY26; revenue drops 2.6% to €12.69 billion

Reuters2026/07/27 15:57

By:Reuters

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Michelin H1 2026 net income fell to €766 million; revenue slipped 2.6% to €12.7 billion.
Operating income edged down to €1.18 billion; segment operating margin widened 0.3 percentage points to 11.4% of sales.
Free cash flow before M&A turned positive at €282 million; net debt rose to €4.55 billion, lifting gearing to 26%.
Polymer Composite Solutions revenue climbed to €728 million; three strategic acquisitions were completed in the segment.
Guidance was reiterated, targeting segment operating income growth at constant scope and FX, with more than €1.6 billion in free cash flow before M&A.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compagnie Générale des établissements Michelin SA published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Michelin net income falls 8.81% to €766 million in H1 FY26; revenue drops 2.6% to €12.69 billion

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