Michelin Navigates Challenges, Eyes Bright Future

Michelin Reports Flat Earnings for 2023, Sets Ambitious Targets for 2024

Michelin, the leading tire manufacturer, has recently released its financial results for the year 2023. The company reported mostly flat earnings, with a net profit of €1.98 billion, slightly down from the previous year’s €2 billion. Sales also experienced a slight decrease of nearly 1%, reaching €28.34 billion. However, these figures were in line with market expectations, as analysts had predicted a net profit of €1.98 billion and sales of €28.51 billion.