Clermont-Ferrand, February 3rd, 2026 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Michelin to acquire Flexitallic, accelerating growth in Polymer Composite Solutions Michelin announces the acquisition of Flexitallic to develop its leadership in the Sealing segment.Polymer Composite Solutions accelerates growth, will soon become a specific reporting segment in Group’s financial communication.Deal fully financed in cash, financial strength intact; closing expected in H1 2026. In line with its “Michelin in ...

Clermont-Ferrand, January 22nd, 2026 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Michelin completes the acquisition of Cooley Group and creates a global leader in industrial coated fabrics Michelin completed the acquisition of Cooley Group, under the terms announced on January 2, 2026, and after obtaining all the necessary approvals for the transaction. Good strategic fit as both companies share the same commitment to innovation and high-quality products, while operating in complementary geographies.Acq ...

Clermont-Ferrand, January 21st, 2026 – 05:45pm COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Michelin Free Cash Flow exceeds forecast in 2025 Michelin Group records in its preliminary financial figures for 2025 a Free Cash Flow before M&A of 2.1 billion euros, beyond the [€1.5bn – €1.8bn] range provided on October 13, 2025. This outperformance is primarily driven by Capex discipline and a tight steering of operations impacting working capital (inventory, accounts payable & accounts receivable). As regard ...

Clermont-Ferrand, January 21st, 2026 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Michelin appoints Bénédicte de Bonnechose as Chief Financial Officer effective June 1, 2026 Mrs. Bénédicte de Bonnechose will be appointed Chief Financial Officer of the Michelin Group, effective June 1, 2026. She will succeed Mr. Yves Chapot in this role. A member of the Michelin Executive Committee since January 1, 2021, Bénédicte de Bonnechose currently supervises the Urban and Long-Distance Transportation Business lines ...

Group 1 - Mr. Florent Menegaux's term as Managing General Partner of Michelin is renewed for four years, starting after the next Shareholders Meeting [1] - The Supervisory Board, chaired by Mrs. Barbara Dalibard, unanimously agreed to the renewal of Mr. Menegaux's term on January 12, 2026 [1] - SAGES has decided to propose Mr. Philippe Jacquin as General Manager, following Mr. Yves Chapot's wish not to have his term renewed [2] Group 2 - The resolution for Mr. Philippe Jacquin's nomination will be submitted at the next Shareholders Meeting scheduled for May 22, 2026 [2] - SAGES and the Supervisory Board expressed gratitude to Mr. Yves Chapot for his contributions during his two terms [2]

Core Insights - Michelin is pursuing two acquisitions, Cooley Group and Tex Tech Industries, to enhance its Polymer Composite Solutions business as part of its "Michelin in Motion 2030" strategy [2][8] - The acquisitions are expected to increase Michelin's revenue from Polymer Composite Solutions by approximately 20%, equating to around 280 million USD [5][8] - Both transactions are anticipated to close in the first half of 2026, pending regulatory approvals, and will be financed entirely in cash [5][8] Company Details - Cooley Group, celebrating its 100th anniversary in 2026, specializes in high-performance polymer coated fabrics and is vertically integrated with capabilities in weaving, knitting, and polymer extrusion [3] - Tex Tech Industries, founded in 1904, is known for its specialty textiles and coatings, serving demanding applications such as Thermal Protection Systems for space vehicles and fire-resistant materials for aircraft [4] Market Position - Michelin is already a leader in coated fabrics in Europe with established brands like Orca, and these acquisitions will significantly accelerate its market expansion [5][8] - The Polymer Composite Solutions segment is becoming increasingly significant within Michelin's overall business, prompting plans to create a dedicated reporting segment starting in 2026 [6]

Core Viewpoint - Compagnie Générale des Établissements Michelin has announced the cancellation of 22,919,400 treasury shares, which represents 3.23% of the total shares outstanding, effective December 30, 2025 [2]. Group 1: Capital Reduction Details - The decision for the capital reduction was made by the Managing Chairman on December 19, 2025, and was approved in the Shareholders Meeting on May 16, 2025 [2]. - The effective date for the capital reduction is confirmed as December 30, 2025, as per the Euronext notice dated December 24, 2025 [2].

Group 1 - The issuer, Michelin, has conducted a securities repurchasing program involving ordinary shares with ISIN code FR001400AJ45 [1] - On December 23, 2025, Michelin acquired a total of 890,932 shares at a price of €28.0605 per share through the over-the-counter platform [1] - Additionally, Michelin repurchased another 356,373 shares at the same price of €28.0605 per share on the same date [1] Group 2 - The transactions were executed by different platforms, including NATIXIS and BNP PARIBAS, indicating a diversified approach to share repurchase [1] - The total volume of shares repurchased on that date reflects Michelin's commitment to enhancing shareholder value through buybacks [1]

Core Points - Michelin has disclosed a securities repurchasing program, indicating its strategy to buy back shares to potentially enhance shareholder value [1][2] - The company executed a transaction on December 19, 2025, acquiring a total of 354,772 ordinary shares at an average price of 28.1871 euros per share [1] - The repurchase was conducted over-the-counter, reflecting Michelin's ongoing commitment to managing its capital structure effectively [1] Summary by Category Company Information - Issuer Name: Michelin - Issuer Code: 549300SOSI58J6VIW052 - ISIN Code: FR001400AJ45 - Date of Transaction: December 19, 2025 [1] Transaction Details - Total Volume of Shares Acquired: 354,772 - Average Price per Share: 28.1871 euros - Transaction Platform: Over-the-counter [1] Financial Implications - The share repurchase program is part of Michelin's broader strategy to optimize its capital allocation and return value to shareholders [1][2]

Core Viewpoint - The company, Michelin, has engaged in a securities repurchasing program, acquiring a total of 1,607,859 ordinary shares at an average price of €27.9875 per share on December 11, 2025 [1]. Summary by Categories Company Actions - Michelin repurchased 893,255 shares through NATIXIS and 714,604 shares through BNP PARIBAS on the same date [1]. Financial Details - The average price for the shares acquired was €27.9875, indicating a significant investment in its own equity [1]. Transaction Platforms - The repurchases were conducted over-the-counter, reflecting a strategic approach to managing its share capital [1].