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Michelin expands its wine selection in Bordeaux with 83 distinguished estates

The Clermont-based group unveiled its first selection of grapes dedicated to Bordeaux at the Cité du Vin in Bordeaux. This initiative marks the second chapter of a wine distinction that Michelin has launched to recommend estates on a global scale.


Michelin expands its wine selection in Bordeaux with 83 distinguished estates

A inaugural selection covering 83 Bordeaux estates

The inaugural selection distinguishes 9 châteaux with 3 grapes, 16 with 2 grapes and 37 with 1 grape, to which are added 21 recommended châteaux, totaling 83 estates. It covers the main appellations of the region, between the left bank (Médoc, Pessac-Léognan), right bank (Saint-Émilion, Pomerol) and Sauternais (Sauternes, Barsac).

According to Gwendal Poullennec, international director of the Michelin Guide, this selection is intended to be enriched each year, in line with the work carried out in the field by inspection teams.

Five evaluation criteria applied by dedicated inspectors

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The grape distinction is divided into three levels (1, 2 and 3 grapes), supplemented by a category of selected estates. The Michelin Guide relies on inspectors dedicated to wine, all professionals and employees of the group, who make their recommendations collectively and independently.

Five criteria are applied uniformly worldwide: the quality of agronomy, technical mastery, identity, balance and consistency.



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Context

Period
  • Period: 9M 2026
Key reported figures
  • Revenue: 19 175 millions d'euros
  • Quarterly revenue: 19 175 millions d'euros
  • Revenue growth: -0,5 %
Guidance from the release
  • Michelin confirms its full-year guidance, targeting growth in segment operating income at iso-forex and iso-scope compared with 2025, and over €1.6 billion in free cash flow before M&A.
Risks mentioned
  • Faiblesse persistante de la Première monte, qui fait reculer les volumes pneumatiques du Groupe de 0,8 % à fin septembre, en particulier en Tourisme Camionnette en Europe et en Amérique du Nord (en Chine, les ventes du Groupe progressent sur un marché en recul de 7 %)
  • Concurrence des pneumatiques importés à bas prix, notamment d'Asie, qui pèse sur les marques Tier 2 en Amérique du Nord, Tier 3 dans les principales régions et sur le Poids lourd en Amérique du Sud
  • Faiblesse persistante des Convoyeurs, liée à la prudence des clients miniers en matière de dépenses et à la faiblesse du marché du minerai de fer, notamment en Australie
Opportunities identified
  • Expansion de Polymer Composite Solutions soutenue par les acquisitions de Cooley Group, Flexitallic et TexTech en 2026 (chiffre d'affaires +21,9 % publié, -2,7 % hors effet de périmètre à cause des Convoyeurs)
  • Activité Mines en croissance, avec des gains de parts de marché, qui compense la pression sur le Hors-la-route (segment Spécialités -0,9 % publié, +0,4 % à périmètre comparable)
  • Dynamique positive de la marque MICHELIN en Remplacement avec volume de +4% en fin septembre
Outlook / guidance
  • Management commentary: Michelin confirms its full-year guidance, targeting growth in segment operating income at iso-forex and iso-scope compared with 2025, and over €1.6 billion in free cash flow before M&A.

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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