Pioneering engineered materials for more than 130 years, Michelin is uniquely positioned to make decisive contributions to human progress and to a more sustainable world. Drawing on its deep know-how in polymer composites, Michelin is constantly innovating to manufacture high-quality tires and components for critical applications in demanding fields as varied as mobility, construction, aeronautics, low-carbon energies, and healthcare. The care placed in its products and deep customer knowledge inspire Michelin to offer the finest experiences. This spans from providing data- and AI-based connected solutions for professional fleets to recommending outstanding restaurants and hotels curated by the MICHELIN Guide. Company Profile Michelin is building the world’s leading manufacturer of life-changing composites and experiences. Company Profile The Group 01 Financial performance Highlights €27.2bn in sales 12.4% segment operating margin €2.2bn in free cash flow before M&A 129,800 employees including 6,000 in R&D €1.2bn committed to innovation Polymer Composite Solutions production plants tire production plants 45 83 84.7% employee engagement rate -13% reduction in CO2 emissions over the year 31% renewable or recycled materials used in making a tire 2024 KEY FIGURES COMPANY PROFILE 6 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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