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Michelin Group's H1 2025 earnings call highlights a solid profile despite a volatile environment. The company boasts high engagement rates, agility, innovation, robust financials, strong balance sheets, and a balanced business profile. However, new regulations and unfavorable foreign exchange rates have negatively impacted results, with duties, taxes, and ForEx causing over EUR 100 million in losses. Despite this, Michelin has adapted its strategy, exited less profitable areas, optimized manufacturing, and maintained a clear OE positioning.

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