Michelin announces DragonFly line. Michelin stock falls 1.40 percent
Published on 10/08/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Michelin (ISIN FR001400AJ45) was trading at EUR 33.13 at Lang & Schwarz on October 8, 2026 at 11:05 a.m. CEST, down 1.40 percent versus the prior close of EUR 33.60. On October 7, Michelin ResiCare announced the first industrial line for its DragonFly project, according to BFM Bourse.
DragonFly targets 96.00 percent lower emissions
The line at Ajinomoto's Nesle site is designed to produce a bio-based aromatic monomer through fermentation. The project replaces a molecule previously sourced exclusively from petrochemicals and is scheduled for commissioning in the beginning of the second quarter of 2027, according to BFM Bourse.
The source said the process could reduce greenhouse gas emissions by up to 96.00 percent compared with the petrochemical equivalent. Construction began in May 2026, making the project a materials-supply initiative rather than a near-term tire-volume catalyst.
First-half margin reaches 11.40 percent
Michelin reported EUR 12.687 billion in revenue and EUR 761.0 million in net income for the second quarter of 2026, while its first-half operating margin reached 11.40 percent, according to Ideal Investisseur. The same report cited a 3.10 percent unfavorable currency effect on revenue, a counterweight to the margin improvement.
JPMorgan kept an Overweight rating and a EUR 42.00 12-month target in its October 4, 2026 study, as reported by wallstreetONLINE. The target lies 26.77 percent above the Lang & Schwarz price, although JPMorgan also expected lower margins from cost pressure.
Price remains below the yearly high
Michelin's EUR 33.13 quote stands EUR 2.59 below its 52-week high of EUR 35.72 and EUR 7.62 above its 52-week low of EUR 25.51, based on the October 8, 2026 market snapshot. Michelin lists its third-quarter and nine-month sales update for October 20, 2026 on its investor calendar, according to Michelin. The further course of trading is shown by the continuously updated real-time quote of Michelin stock.
Michelin stock facts
- Company: Compagnie Générale des Établissements Michelin Société en commandite par actions
- ISIN: FR001400AJ45
- Ticker: ML
- Primary exchange: Euronext Paris
- Price Lang & Schwarz as of October 8, 2026 at 11:05 a.m. CEST: EUR 33.13
- Change versus prior close: minus 1.40 percent
- Prior close Lang & Schwarz October 7, 2026: EUR 33.60
- Market capitalization: EUR 22.5 billion as of October 8, 2026
- 52-week range: EUR 25.51-EUR 35.72 as of October 8, 2026
- Sector / Industry: Consumer Cyclical / Auto - Parts
- Index membership: SBF 120
- Next earnings date: October 20, 2026
