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febbraio 20, 2017 - Michelin

MICHELIN - 2016 ANNUAL RESULTS

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  • Volumes up 2.1%, outpacing the markets

  • €159m positive impact from changes in price mix and raw materials costs, thanks to effectivemanagement

  • Competitiveness plan: €1.2bn target met over the 2012-2016 period

  • Strong free cash flow for the year, at €1,024m ─ With €961m in structural free cash flow, up €128m

  • Two-year, €750m share buyback program completed and 4.5% of outstanding shares canceled,of which 1.8% (for €301m) in 2016

  • Proposed dividend of €3.25* per share, for a payout of 36.5% of consolidated net income before non-recurring items

  • 2017 guidance in line with 2020 objectives