Below are the financial statements of Michelin, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of EUR | 2024 | 2023 |
|---|---|---|
| Sales | 27,193a | 28,343a |
| Cost of sales | -19,445a | -20,395a |
| Gross income | 7,748a | 7,948a |
| Sales and marketing expenses | -1,204a | -1,210a |
| Research and development expenses | -786a | -756a |
| General and administrative expenses | -2,290a | -2,336a |
| Segment other income and expenses | -90a | -74a |
| Segment operating income | 3,378a | 3,572a |
| Other operating income and expenses | -747a | -920a |
| Operating income | 2,631a | 2,652a |
| Cost of net debt | -77a | -198a |
| Other financial income and expenses | 19a | 2a |
| Net interest on employee benefit obligations | -88a | -94a |
| Share of profit/(loss) from equity-accounted companies | -40a | 128a |
| Income before taxes | 2,445a | 2,490a |
| Income tax | -555a | -507a |
| Net income | 1,890a | 1,983a |
| Attributable to the shareholders of the company | 1,884a | 1,983a |
| Attributable to the non-controlling interests | 6a | 0a |
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