Michelin reports lower sales, net income in H1 2024

For the first half of 2024, Michelin reports total sales of €13,481 million, 3.1 per cent lower year-on-year than the €14,079 million achieved in the same period of 2023. Despite lower sales, segment operating income increased from €1,704 million and 12.1 per cent of sales in H1 2023 to €1,782 million and 13.2 per cent of sales, driven by mix improvements and reduced operating costs.