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Michelin (MGDDY) reported transactions under its share repurchase program on July 30, 2026. The company bought 193,528 ordinary shares (ISIN FR001400AJ45) over-the-counter at a daily weighted average price of 33.8168 euros per share. According to Michelin, the stated buyback objective is cancellation of the repurchased shares, with trades executed via investment service providers including Natixis, BNP Paribas, and Société Générale.
Michelin (OTC: MGDDY) announced the availability of its 2026 half-year financial report as of June 30, 2026. The report has been filed with the French Autorité des Marchés Financiers (AMF), and both the half-year report and the first-half 2026 financial results presentation can be accessed on michelin.com. The company also provided investor relations, media relations, and individual shareholder contact details.
Michelin (OTC: MGDDY) reported first-half 2026 revenue of €12.7 billion, down 2.6% as reported but up 0.5% at constant exchange, with a 0.9% positive price-mix and a 0.9% negative volume effect. Segment operating income was €1.45 billion, representing an 11.4% margin versus 11.1% in first-half 2025, supported by favorable price-mix and lower raw material costs, partially offset by higher manufacturing and logistics expenses.
Free cash flow before M&A improved to €282 million from -€102 million, while free cash flow after M&A was -€328 million. According to Michelin, three strategic acquisitions in Polymer Composite Solutions helped drive 14% revenue growth in that segment. The Group confirmed its 2026 full‑year guidance, targeting growth in segment operating income at constant scope and forex compared with 2025 and more than €1.6 billion in free cash flow before M&A.
Volta Inc. partners with Michelin North America to boost awareness of Michelin's EV-specific tires through the 'Motion For Life' campaign. The initiative increased awareness by 70% and improved Michelin's environmentally friendly perception by 38%. Volta's charging stations, located strategically, delivered over 470,000 electric miles to EV drivers, preventing an estimated 113 tons of CO2 emissions. This collaboration highlights Michelin's commitment to EV performance and environmental sustainability while positioning Volta as a leader in EV charging solutions.