Michelin updates long-term growth plan, shares in CAC 40 focus
22.06.2026 - 20:38:53 | ad-hoc-news.de
By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-22, 20:36.
Michelin (FR0000120321) sets its long-term course with a 2030 strategic roadmap that targets higher value-added tires, services and solutions, and sustained free cash flow generation. The French group is a core industrial name in the CAC 40 on Euronext Paris.
What Michelin’s roadmap outlines
Michelin presented its "Michelin in Motion" plan with objectives out to 2030 that include raising sales in non-tire activities while keeping a strong base in premium tires for cars, trucks and specialty segments, according to company strategy documents.
The group highlights priorities such as growth in hydrogen mobility, flexible composites and specialized materials alongside its traditional tire franchise, aiming to diversify revenue sources over the next decade.
Position in European auto and tire sector
In the European auto and tire sector, Michelin competes with peers such as Continental from Germany and Pirelli from Italy, all supplying original-equipment and replacement markets for carmakers and transport fleets.
The company is part of the CAC 40 index in Paris, making it a benchmark holding when investors look at European industrial and mobility suppliers as a group.
All news and key data on the Michelin shares
Key figures, news and regulatory filings for Michelin are bundled on the ad-hoc-news topic page and on the company’s own investor-relations site.
How Michelin makes its money
Michelin generates most of its revenue from manufacturing and selling tires for passenger cars, trucks, buses, agricultural equipment and specialty segments such as mining and aviation, alongside related services such as fleet management and digital mobility solutions.
Where the Michelin shares trade
The Michelin shares (FR0000120321) trade on Euronext Paris as part of the CAC 40 index, quoted in euros during regular trading hours.
Key data on the Michelin shares
- Company: Compagnie Générale des Établissements Michelin SCA
- ISIN: FR0000120321
- WKN: A3DL84
- Ticker: ML
- Trading venue: Euronext Paris
- Price (as of 2026-06-21, 17:35): 33.22 EUR
- Market cap: 22.5 billion EUR (as of 2026-06-21)
- Sector / industry: Tires and automotive components
- Index membership: CAC 40
- Next earnings date: not officially scheduled
This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities.
