Clermont-Ferrand, February 26th, 2026
COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN
Restatement of 2025 segment reporting, after creation of the Polymer Composite Solutions reporting segment
As announced in January 2026, the Michelin Group is creating a fourth reporting segment dedicated to its Polymer Composite Solutions activities, which were previously part of RS3.
In addition, the Group is changing the names of its segments:
Previous segmentation (3 segments) | New segmentation (4 segments) |
RS1 | Consumer |
RS2 | Transportation |
RS3 | Specialties |
Polymer Composite Solutions |
The information below reflects the restatements of the 2025 results by period (Q1, H1, 9M and FY). These figures become the 2025 reference values that will be used for the 2026 publications and beyond.
2025 Restated Segment Reporting (new segments)
Q1 2025 | H1 2025 | 9M 2025 | FY 2025 | ||
Consumer | Sales | 3,559 | 7,111 | 10,504 | 14,306 |
SOI | 865 | 1,677 | |||
SOI % | 12.2% | 11.7% | |||
Transportation | Sales | 1,529 | 3,007 | 4,510 | 6,023 |
SOI | 166 | 280 | |||
SOI % | 5.5% | 4.7% | |||
Specialties | Sales | 1,117 | 2,269 | 3,318 | 4,418 |
SOI | 320 | 577 | |||
SOI % | 14.1% | 13.1% | |||
Polymer Composite Solutions | Sales | 310 | 641 | 942 | 1,245 |
SOI | 102 | 186 | |||
SOI % | 15.9% | 14.9% | |||
Group | Sales | 6,515 | 13,028 | 19,275 | 25,992 |
SOI | 1,452 | 2,719 | |||
SOI % | 11.1% | 10.5% |
2025 Published Segment Reporting (for reference, previous segments)
Q1 2025 | H1 2025 | 9M 2025 | FY 2025 | ||
RS1 | Sales | 3,559 | 7,111 | 10,504 | 14,306 |
SOI | 865 | 1,677 | |||
SOI % | 12.2% | 11.7% | |||
RS2 | Sales | 1,529 | 3,007 | 4,510 | 6,023 |
SOI | 166 | 280 | |||
SOI % | 5.5% | 4.7% | |||
RS3 | Sales | 1,427 | 2,910 | 4,261 | 5,663 |
SOI | 421 | 762 | |||
SOI % | 14.5% | 13.5% | |||
Group | Sales | 6,515 | 13,028 | 19,275 | 25,992 |
SOI | 1,452 | 2,719 | |||
SOI % | 11.1% | 10.5% |
Contact details
Investor Relations | Media Relations |
DISCLAIMER
This press release is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with the Autorité des Marchés Financiers, which are also available from the michelin.com website.
This press release may contain a number of forward-looking statements. Although the Company believes that these statements are based on reasonable assumptions at the time of publishing this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or inferred by these statements.
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