Tyre maker Michelin beats cash flow estimate

Investing.com -- Compagnie Generale des Etablissements Michelin SCA (EPA: MICP) said its free cash flow in 2025 exceeded its earlier forecast and confirmed its full-year operating income outlook. The company in earlier Wednesday also announced change at the top of its finance function.

Shares of Michelin were up 2.12% in Paris Exchange.

The tyre maker said free cash flow before mergers and acquisitions reached €2.1 billion in 2025, above the €1.5 billion to €1.8 billion range it had provided on October 13. The company said free cash flow exceeded its forecast for the year.

Michelin also confirmed its 2025 segment operating income guidance, maintaining a range of €2.6 billion to €3 billion at constant exchange rates.

Additionally Michelin said it had appointed Bénédicte de Bonnechose as its new chief financial officer, replacing Yves Chapot, effective June 1.

De Bonnechose joined Michelin in April 2019 as deputy chief financial officer and currently oversees the Urban and Long-Distance Transportation business lines as well as the European region.

Chapot is stepping down from the role after serving as the group’s finance chief.

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