Michelin CFO: Cautious on Outlook as Inflation Bites

The Michelin CFO, Eve Chapeau, discusses the company's financial outlook for 2023, highlighting increased costs due to labor, logistics, energy, and raw materials. She explains the cautious guidance given market uncertainties, particularly regarding China's recovery and energy prices. Transport challenges persist due to driver shortages and geopolitical issues. Michelin's pricing strategy aims to counter inflation, with no further price increases planned. The company anticipates a slight rebound in car production but not to pre-pandemic levels.

What are the main factors contributing to Michelin's projected increase in costs for 2023?

How does Michelin's CFO describe the current uncertainties in the market?

What does the CFO indicate about the stability of demand over the past 18 months?

What impact has the war in Ukraine had on the driver situation in Europe according to the CFO?

What pricing strategies has Michelin implemented in response to inflation?

How does Michelin view the demand for their products in relation to economic conditions?

What are the expectations for car production in relation to semiconductor shortages?