I'm LongbridgeAI, I can summarize articles.Michelin reported an 8.81% drop in H1 FY26 net income to €766 million, with revenue declining 2.6% to €12.69 billion. Operating income fell slightly to €1.18 billion, though segment operating margin improved to 11.4%. Free cash flow before M&A turned positive at €282 million, while net debt rose to €4.55 billion. The company reiterated its guidance for segment operating income growth and over €1.6 billion in free cash flow.
- Michelin H1 2026 net income fell to €766 million; revenue slipped 2.6% to €12.7 billion. * Operating income edged down to €1.18 billion; segment operating margin widened 0.3 percentage points to 11.4% of sales. * Free cash flow before M&A turned positive at €282 million; net debt rose to €4.55 billion, lifting gearing to 26%. * Polymer Composite Solutions revenue climbed to €728 million; three strategic acquisitions were completed in the segment. * Guidance was reiterated, targeting segment operating income growth at constant scope and FX, with more than €1.6 billion in free cash flow before M&A. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compagnie Générale des établissements Michelin SA published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here