Investor Channel is the communication channel between Pirelli and the financial community. Analysts, shareholders and web users can use the channel for direct dialogue with the Group. The blog is moderated by Pirelli Investor Relations.

PEERS & MARKETS

PEERS&MARKETS 1.2-5.2.10A bad week for European stock markets (-4.9% Milan, -2.5% London, -3.1% Frankfurt, -4.7% Paris), burdened by fears of the high indebtedness of Spain, Greece and Portugal, and about the strength of the euro.
Sales mainly involved the banking sector (-6.4% the European reference index), the auto& parts sector (-4.5%) and the construction industry (-4.3%).
Pirelli closed the week at € 0.391, a fall of 7.6%. Its peers also closed down, with Continental falling by 6% and Micheln and Nokian by 5%. During the week, Kepler upgraded its recommendation for Pirelli &C from Hold to Buy, with target prices increasing from € 0.45 to € 0.47. The upside is driven by the reduction in the weight of holding costs on NAV, in the light of the company’s declared commitment to the process of focussing on its industrial activities, and the positive expectations for its tyre business in 1H 2010. The Consensus Target price is € 0.486 on coverage of 18 brokers, 76%  BUY, 24% Hold.
Pirelli RE closed 7.7% down.

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Categories: Investors Peers & Markets Pirelli Pirelli RE


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SPAIN: CINTURATO P7 TYRE OF THE YEAR

Neumaticos del Ano 2010Cinturato P7, the first ecological tyre for high performance vehicles launched by Pirelli last April, has won the title 2010 Tyre of the Year in Spain. The decision was made by an award jury organised by the magazine Neumáticos y Mecánica Rápida composed of specialists, distributors and specialised journalists who elected it the winner, preferring it to another eight candidates made by the most prestigious brands on the market.
“Cinturato P7 embodies the new spirit of Pirelli”, declared the general director of Pirelli Spain and Portugal. “A spirit in which performance and respect for the environment have the same importance, which marks a change in our brand positioning and our way of seeing the business. This award, which for us is a very important recognition of the quality of our product, strengthens our conviction that the direction we have taken the right one”.

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Categories: Investors Pirelli Tyre Sustainability


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PEERS & MARKETS

PEERS&MARKETS 25.1-29.1.10Pirelli was one of the best-performing Auto & Parts shares in the week 25-29 January 2010, outperforming not only the European reference index (+3.7pp), but also the Italian blue chip index (+3.8 pp), closing at €0.423: a 1% rise in a week characterised by extensive selling in all sectors.
During the week Intermonte revised its valuation of the shares (TP to €0.50 from €0.46), confirming its Outperform recommendation. According to this broker, the market is underestimating the trend of the tyre business for 2010 and 2011,  not fully appreciating the greater focus on the core business and the separation of Pirelli RE, which will take place by the end of 2010.
A poor week for Pirelli RE: the share price closed at  € 0.457 (-7.7%).

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Categories: Investors Peers & Markets Pirelli Pirelli RE


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