Michelin records sales up 20% in 2022 – Le Journal des Entreprises

Despite the war in Ukraine and high inflation, Michelin recorded good results in 2022. Its sales, driven by “a rigorous pricing policy and the rapid growth of non-tire activities”, increased by 20.2% for s set at 28.6 billion euros. The operating profit of the sectors amounted to 3.4 billion euros, or 11.9% of sales. “In a chaotic context impacted by several systemic crises, Michelin delivered solid results in 2022. Keeping in mind our long-term ambitions, we maintained all of our investments in industry and R&D.”, said Florent Menegaux, the group’s president.