The upward trend of international markets continued in the week from 6 to 10 September (Milan +0.9%, London +1.4%, Paris +1.5%, Frankfurt +1.3%).
The auto sector rose too (+4.2%) benefitting from the positive sales results released by Volkswagen for the first eight months of the year (+13.4% YTD; +11.2% YoY up to August) especially in the Chinese, Indian and US markets.
Pirelli reflected the positive trend of the sector closing up by 3.1% at 5.64€ and confirming its position as best share from the start of the year within the FTSE Mib basket. Sustaining it were prospects of improvement in guidance for the FY 2010 and expectations for the 2011-2015 plan. The Group also announced an increase in its European prices: +4% on CAR & Light Truck from 1 October and up to 6% on Truck from September.
For the fourth year running Dow Jones confirmed Pirelli as leader for sustainability in the “Autoparts and Tyres” sector; Pirelli was also the only Italian company to be the world leader in its sector.
A significant rise for Pirelli RE: +7.2%, performing markedly higher than the European Real Estate Index (+5.2 percentage points).