Michelin to Buy Back Shares After Flat 2023 Earnings.

French tire maker Michelin has announced plans to buy back shares after reporting flat earnings for 2023. The company's net profit for the year was ¿1.98 billion, slightly lower than the previous year's ¿2 billion, while sales declined by nearly 1% to ¿28.34 billion. Michelin's operating income for 2023 decreased by 12% compared to the previous year. The company also stated its targets for 2024, including a segment operating income of over ¿3.5 billion and a share buyback worth up to ¿1 billion. [Extracted from the article]