Compagnie Generale DES Etablissements Michelin SCA announced that the shareholders adopted all of the proposed resolutions and approved the payment of a dividend of EUR 2.40 per share, with a reinvestment option at the AGM held on May 20, 2013. The dividend will be paid in cash or reinvested in shares on June 24, 2013.

Compagnie Generale DES Etablissements Michelin SCA Presents at Credit Suisse Geneva Autos Conference 2013, Mar-06-2013 . Venue: Geneva, Switzerland.

Compagnie Generale DES Etablissements Michelin SCA reported earnings results for the first quarter of 2013. For the quarter, the company reported net sales of EUR 4.9 billion, down 8.1% over the earlier period due to the combined impact on the -- of the following factors. First of all, 4.3% contraction in volume at a time of weakening demand in many mature markets, fewer selling days explaining a 3% decline in the total number of business days, again. The shift in the price-mix effect to a negative 2.7%, which correspond to EUR 133 million price effect, reflecting the impact of contractual indexation clauses and targeted price repositioning in Europe and, to a lesser extent, in North America for passenger tires. The later process was facilitated by the more favorable trend in raw material costs over the period. The mix effect was nearly unchanged at negative EUR 5 million despite a favorable segment mix. The negative 1.2% currency effect, primarily resulting from the appreciation of the euro. This particularly affected the Truck tire segment and, to a lesser extent, the Specialty business. The company provided earnings guidance for the year 2013. For the year, the company expects free cash flow to be EUR 200 billion to EUR 2 billion, in CapEx, and this leading the company with a 10% -- above 10% ROCE for 2013. So the company is confident to be able to achieve this guidance for 2013.