ENXTPA:MLAuto Components
Michelin Buyback And CO2 Cuts Weighed Against Valuation And Cash Outlook
Michelin (ENXTPA:ML) has launched a new share buyback program of up to €2b over three years.
The company reports solid free cash flow and a 48% reduction in CO2 emissions since 2019.
These updates come during a period of challenging market conditions, with recent pressure on volume and sales.
Michelin, known globally for tires and mobility solutions, is taking a clear capital return step with its multi year buyback plan while also underscoring progress on sustainability. The combination of...