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Analysis of Michelin's Business Activities

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Michelin Business Activities Michelin SCA (Michelin) is one of the largest manufacturing tire company in the world. The company principally sells and manufactures tires to a variety of vehicles, which include passenger cars, two-wheel vehicles, trucks, aircraft and agricultural equipment. The company also offers travel assistance to various companies across the worlds. As a world's leading manufacturer of tire, Michelin enhances customer enjoyment by providing better mobility solution to million of consumer around the globe. Apart from engaging in the car-manufacturing venture, the company also develops and distributes lifestyle products, which include car and bicycle accessories, gifts and collectables, leisure and work accessories. Michelin is famous in the automotive industry because the company integrates innovative system in tire design making its product to enjoy global competitive market advantages. At the end of the 2011 fiscal year, the company recorded the net sales of 20.7 billion making the company to record 15.8% growth in the net sales between 2010 fiscal year and 2011 fiscal year. Apart from the increase in the net sales that the company recorded between 2010 and 2011, the basic earning per share also increases from 6.78 in 2010 to 8.10 in 2011 fiscal year. The dividends per share also increase from 1.78 in 2010 to 2.10 at the end of the 2011 fiscal year. (Michelin 2011). Fundamental objective of this paper is to provide the financial analysis of Michelin

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