Michelin (ML FP) prelim FY25 FCF EUR 2.1bln (prev. 1.5-1.8bln)

Michelin (ML FP) prelim FY25 FCF EUR 2.1bln (prev. 1.5-1.8bln)

Michelin's preliminary FY25 free cash flow (FCF) guidance of EUR 2.1 billion, up from the previous estimate of EUR 1.5 to 1.8 billion, indicates a strong outlook for the company. This positive revision suggests improved operational efficiency or demand forecasts, which could bolster investor confidence and attract interest in Michelin's equity, particularly within the automobile components sector. Expect potential upward pressure on shares as the market digests this favorable news.