Michelin: Restatement of segment reporting of interim periods (Q1, H1, 9M) 2024

Core Viewpoint - The company has restated its segment reporting for interim periods (Q1, H1, 9M) of 2024, primarily due to changes in the scope of reporting segments, particularly affecting the Two-wheel tire business, which is now included in the SR1 segment [1] Group 1: Segment Reporting Changes - The Two-wheel tire business is now consolidated in the SR1 segment, aligning with the internal reporting process [1] - The restated values for Q1, H1, and 9M 2024 will serve as reference values for future publications in 2025 and beyond [1] Group 2: Financial Data Summary - For SR1, the restated sales figures are as follows: Q1 2024 restated at €3,518 million, H1 2024 restated at €7,151 million, and 9M 2024 restated at €10,777 million, with a full year (FY) 2024 restated at €14,667 million [2] - The SOI (Segment Operating Income) for SR1 is restated at €946 million for H1 2024 and €1,917 million for FY 2024, with SOI percentages of 13.2% for H1 and 13.1% for FY [2] - For SR2, the restated sales figures are €1,584 million for Q1 2024, €3,232 million for H1 2024, and €4,909 million for 9M 2024, with a full year (FY) 2024 restated at €6,599 million [2] - The SOI for SR2 is restated at €306 million for H1 2024 and €597 million for FY 2024, with SOI percentages of 9.5% for H1 and 9.0% for FY [2] - For SR3, the restated sales figures are €1,539 million for Q1 2024, €3,098 million for H1 2024, and €4,485 million for 9M 2024, with a full year (FY) 2024 restated at €5,926 million [2] - The SOI for SR3 is restated at €530 million for H1 2024 and €864 million for FY 2024, with SOI percentages of 17.1% for H1 and 14.6% for FY [2] - The overall group sales for Q1 2024 are restated at €6,642 million, with H1 2024 at €13,481 million and FY 2024 at €27,193 million [2] - The group SOI for H1 2024 is restated at €1,782 million, with FY 2024 at €3,378 million, resulting in SOI percentages of 13.2% for H1 and 12.4% for FY [2]