Compagnie Generale des Etablissements Michelin Societe en commandite par actions 2009 Integrated Report
Company: Compagnie Generale des Etablissements Michelin Societe en commandite par actions
Sector: Manufacturing
Country: France
Year: 2009
Type: Integrated Report
Pages: 120
The report presents Michelin's 2009 performance amid a severe recession, with net sales declining only 9.8% to approximately EUR 14.8 billion while free cash flow reached approximately EUR 1.4 billion. The company ended the year with 109,193 employees worldwide and continued programs on safety, diversity, training and environmental footprint reduction. Environmental performance included a 21.9% reduction in the Michelin sites Environmental Footprint from 2005, alongside ongoing work on energy, water, emissions and waste. PricewaterhouseCoopers Audit provided moderate assurance over selected social indicators and the environmental data recap.
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