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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.

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Sustainable finance and value creation: Pirelli at the forefront at the Borsa Italiana/London Stock Exchange Seminar

“Business sustainability and responsible investments to create long term value” is the title of a seminar organised by the Academy-London Exchange Group, sponsored by Pirelli and in which Pirelli took part as Speaker. Group chairman Marco Tronchetti Provera illustrated the results obtained so far in terms of sustainability and the objectives set in the 2009-2011 plan to the audience of financial analysts, investors and rating society experts gathered in the headquarters of Borsa Italiana, the Italian stock exchange.

In particular, after the growth of the green revenue component from 20 to 25% of turnover achieved in 2008 and 2009, the target for the current year is 33%, aimed at achieving the objective of 40% in 2011. Achievements that were also due to new green performance products such as the Cinturato P7 and the Scorpion Verde. He reminded his audience that, for Pirelli, sustainability is not just respecting the environment, but a new management model that is an integral part of the growth strategy for the Group: this is the best way of managing the economic, social and environmental impacts related to processes, products and services  inspired by the principles of the United Nations’ Global Compact, respecting shared policy values, according to the most advanced management systems.

Speakers at the event, opened by Angelo Tantazzi, Chairman of Borsa Italiana and by Paul Druckman, Chairman of Access Technology Group – The Prince’s Accounting for Sustainability Project, were also Giuseppe Van Der Helm, Chairman of Eurosif, and Gian Francesco Imperiali, Chairman of ABB.

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Video with Marco Tronchetti Provera’s speech (italian version)

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PEERS & MARKETS

PEERS&MARKETS 31.05-04.06.10Uncertainty about economic growth and the weakness of the euro have dominate the performance of European stock markets in the week 31 May to 4 June: -3.8% Milan, -1.3% London, -1.7% Paris.
In Milan, banks securities were particularly affected (European sector -3.5%) offset by industrial stock and securities with a high degree of geographical diversification.  This was reflected for Pirelli & C shares, which closed the week 6.6% up at  €0.451, clearly outperforming the industry index (+0.4% DJ Stoxx Auto & Parts) and its European peers (Michelin +0.7%, Continental -0.6%).
Analysts’ valuation of Pirelli & C shares remained stable: target price 0.52€ and recommendations that were predominantly to BUY (88% of coverage)
Pirelli RE also performed well, closing at €0.345 (+0.4%), in contrast to the negative performance of its main peers (Risanamento -1.2%, Beni Stabili -1.5%).

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


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2 news Tuesday, June 8th, 2010