PEERS & MARKETS

International markets end the October week 19-23 down on profit taking.
After the two week rally (+17%),  Pirelli & C. ends the week at €0.402, a 2.9% decline, in line with the European tyre sector (Michelin -3% and Continental -2.7%). Also during the week, Deutsche Bank raised its target price on the stock from €0.40 to €0.47, confirming a “Buy” recommendation on the stock.  This upside is mainly due to the cutback on the holding discount and the improvement on the evaluation of Pirelli Tyre.
Average ratings from stock analysts on Pirelli settle at €0.40; a “BUY” recommendation prevails on coverage made by 18 business banks.
Pirelli RE ends the with a 6.6% decline, compared to the European real estate sector down by 0.5%.

For more in-depth information please follow the link to: Investors > Peers & Markets.

PIRELLLI SUPPORTS AUTOMOBILE VALUES

Pirelli is the main participant of the event “Viva l’Auto”, characterised by sustainable mobility dedicated to environmental friendly vehicles of the future, among other technical innovations and road safety. The three-day event (October 16-18) held in Florence was animated by exhibition areas, safe driving tests and a conference programme involving main players from the automobile sector, alongside institutions and the media.
Pirelli is the official co-sponsor of the event and displayed its entire ecological range Citurato as well as the latest developed winter range “Winter Snowcontrol series II”. Furthermore, Pirelli launched a new initiative for the public to establish a “record” on a tyre change challenge to provide fun interactive training on tyres.
Even Pirelli Tyre’s managing director, Francesco Gori, along with other automobile experts participated to the conference on new market growth scenarios for the automobile sector and its contribution for economic recovery.

SUPERBIKE, HISTORICAL VICTORY IN FRANCE

October 18^th 2009 was a historical date for the Pirelli Group as well as for motorcycle racing fans. Alongside its official team Yamaha France GMT 94 and his racing driver Sébastien Gimbert, Pirelli conquers the French Championship title in Albi, with a 55 point advantage in the final classification for the Superbike Championship 2009.
On the eighth and last race of the season, Pirelli has yet demonstrated the quality of its tyres once again, as well as team work, a close collaboration with engineers for developing products and the establishment of a trust and permanent relationship with the teams that can lead to historical victories.