Michelin UK reports higher profit despite lower sales

Stoke-on-Trent, UK – Michelin Tyre Public Ltd Co., the UK subsidiary of Michelin Group, has increased its operating profit and net profit in 2025 despite a decline in sales.

Revenue for the year fell 1.6% year-on-year to just under £490 million (€887 million), mainly due to lower volumes, according to the company’s recently published annual report.

OE tire turnover was at a similar level to 2024, while replacement sales fell 2.1% on lower volumes, partly offset by “a better price and mix”.

Exports were also down 1.1%, reflecting lower production volumes at Michelin’s Stoke factory.

The improved pricing and mix, together with “stringent cost control,” lifted operating profit before exceptional items by 2.7% to £12.7 million from £10 million in 2024.

Profit before tax increased 4.8% year-on-year to £17.3 million from £16.5 million, the company reported.

The company said its strategy remains focused on “sustainable performance” through value creation, high-quality products and services and cost control.

UK and Republic of Ireland markets remained “among the most price competitive in Europe,” while supply chains continued to be challenging during the year, noted Michelin.