(CercleFinance.com) – Michelin revealed Monday evening a 4% increase in its EBITDA to €5.5 billion (net profit stable at €2 billion), its sales increasing by +2% to €28.3 billion in 2023: this is therefore ‘ better than expected’ and the stock jumped +6.7% towards 32.9E, which allows it to equal and even slightly exceed its zenith of January 2… and return to its levels of February 21, 2022.
The next objective becomes 35E, the ex-floor of January 24, 2022.
Copyright © 2024 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends using the buttons below.
