Michelin FY Sales EUR 26.0 Billion In Line With Consensus

Feb 11 (Reuters) - Compagnie Generale des Etablissements Michelin SCA MICP.PA:

• FY SALES EUR 26.0 BILLION, DOWN 1.4% AT CONSTANT CURRENCY (COMPANY-PROVIDED CONSENSUS: EUR 25.8 BILLION)

• FY SEGMENT OPERATING INCOME EUR 2.9 BILLION (CONSENSUS: EUR 2.7 BILLION)

• FY SEGMENT OPERATING MARGIN 10.9% (CONSENSUS: 10.3%)

• FY NET INCOME EUR 1.7 BILLION (CONSENSUS: EUR 1.6 BILLION)

• OUTLOOK 2026: SEGMENT OPERATING INCOME TO INCREASE Y/Y AT CONSTANT FX AND SCOPE

• OUTLOOK 2026: FCF GENERATION BEFORE M&A OF MORE THAN EUR 1.6 BILLION

• LAUNCHES SHARE BUYBACK OF EUR 2.0 BILLION OVER 2026-2028

• PROPOSES DIVIDEND OF EUR 1.38/SHARE

• MICHELIN CFO ON US TARIFFS: WE EXPECT IMPACT OF EUR 120 MILLION IN 2026

• MICHELIN CFO: US TARIFFS EFFECT ON COSTS WAS EUR 230 MILLION IN 2025