Full Year 2022 Compagnie Generale des Etablissements Michelin SCA Earnings Call Transcript
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(presentation)
Good evening to everyone or good afternoon. Thank you for joining us for our annual results presentation. I'm with Yves Chapot, the co partner, and we will spend an hour with you. Let me start first with our sales that were up 20.2% in 2022. And Michelin in a very, I would say, hectic environment has delivered an operating income of EUR 3.4 billion, which is in line with our guidance.
So amid market turbulence and a highly inflationary context, Michelin sales increased to EUR 28.6 billion. And the segment operating income, as I just said, has reached EUR 3.4 billion. The free cash flow was punctually impacted by inflation and the year-end trade timing and we will have ample explanation later on. Over the 2019 to 2022 period, the group has demonstrated the resilience of its business model. Coming back to last
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