Half Year 2023 Compagnie Generale des Etablissements Michelin SCA Earnings Call Transcript
Ladies and gentlemen, welcome to the Michelin conference call. As a reminder on your telephone during the Q&A session. I will now hand over to Mr. Florent Menegaux, Chief Executive Officer; and Mr. Yves Chapot, General Manager and Group CFO. Gentlemen, please go ahead.
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Thank you. Good evening, good morning, and good afternoon to all. and I are very pleased to welcome you to our half year results. So without further introduction, I will start directly by saying that Michelin has delivered sales growth of 5.9% in the first semester.
And has increased its segment operating income by 11.4% over the semester on adverse markets. The free cash flow before M&A reached EUR 922 million. And I'm pleased to tell you that we have revised our guidance upwards on both segment operating income and
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