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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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PEERS & MARKETS

PEERS&MARKETS 19.07-23.07.10Rises prevail on the major European Stock Markets during the week from July 19 through 23 due to recovery signs from macroeconomic data published in the US (Milan + 2.2%, London + 3% and Paris + 3.1%). More specifically, the banking sector showed a positive trend (+ 4.5% European reference Index) following the outcome of the Stress Test (only 7 out of 91 banks did not pass the test). Pirelli is definitely the best within the Ftse Mib since the beginning of 2010, with a relative performance of 29pp compared with teh Blue Chip Index of Milan. We remind you that on Monday, July 26, 2010, a reverse stock split transaction was approved with a ratio of one new ordinary or saving stock for eleven stocks to streamline both their financial management and make the Pirelli & C. stocks value more easily comparable with the other tyre business stocks listed. Taking into account such value adjustment, closing on Friday July 23, 2010 was of 5.42 euro (+ 2.9% weekly perfomance). The Consensus Target Price is of 5.84 euro and “Buy” is the prevailing recommendation. Negative data on the US Real Estate market sales caused a decrease of Real Estate stocks and a – 0.7% or 0.358 euro for Pirelli Re. The negative performance of Risanamento (-12.4%) involved in a criminal case based on the infringement of environmental protection laws.


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1 news Monday, July 26th, 2010