Michelin Group announces the creation of a new reporting segment dedicated to Polymer Composite Solutions activities, previously integrated into an existing segment. This reorganization is accompanied by a change in the naming of its reporting segments.
As communicated in January 2026, Michelin has created a fourth reporting segment, dedicated to its Polymer Composite Solutions activities. These activities were previously part of SR3. Simultaneously, the group has evolved the naming of its segments.
Retreatment of 2025 Sector Data
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The sector data for 2025 has been reprocessed according to this new organization. These reprocessed figures become the reference values for 2025, which will be used for publications in 2026 and beyond. The reprocessing covers all periods of 2025: Q1, H1, 9M, and FY.
Management commentary: Guidance 2026: Le chiffre d'affaires 2026 n'est pas publié; Free Cash Flow before M&A attendu supérieur à 1,6 milliard d'euros.
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