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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International stock markets ended the week March 21-25 with sharp gains (Milan +3.7%, London +4.2%, Frankfurt +4.2%, Paris +4.3%).

Despite uncertainties associated with the situation in Japan, the crisis in Libya and fears over Portugal debt (downgrade by Standard & Poor’s and Fitch), positive macroeconomic data from the US (+3.1% GDP of the fourth quarter 2010) and Germany (PMI exceeding expectations) feed the trust of traders and encourage buying.
Sharp gains in the Auto&Parts sector and the Technology sector (+4.5% e +4.4% Stoxx indices) which benefit from buying after being penalised by the situation in Japan last week.

Pirelli ended the week at Euro 6.25 with positive gains of 5.4% ahead of the sector average and benchmark market indexes (+3.7% FTSE Mib). A daily average of 3 mln shares were exchanged.

Categories: Peers & Markets

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Pirelli’s first race of its three-year agreement to supply Formula One has provided close competition, two to three pit stops per car, and a total race time that was three minutes quicker than last year underlining the performance of the PZero tyres. This year’s PZero tyres have been designed to combine technology with entertainment, contributing some breath-taking duels from the start to the finish of the Australian race and plenty of overtaking.
Prior to the race Pirelli predicted two to three pit stops for most runners, and this proved to be exactly the case.
It was the very first race finish in Australia for Red Bull’s reigning World Champion Sebastian Vettel, who started from pole position after driving the fastest-ever lap of Melbourne in qualifying and concluded: “We have to make some compliments to Pirelli.”
Pirelli’s Motorsport Director Paul Hembery said: “What a fantastic race! Australia had everything: the quickest lap of Melbourne ever seen in qualifying, plenty of on-track battles, close competition, and some thrilling overtaking manoeuvres. At the end of it we have three drivers from different teams standing on the podium, all of whom performed outstandingly. I think that the same can be said of our tyres too: we had no issues whatsoever and the degradation was less than expected meaning that most drivers – including the top three – chose a two-stop strategy, as we had predicted. We also saw a wide spread of strategies ranging from one stops to three, giving the teams the opportunity to think creatively about their race management. I’d like to thank all the teams and drivers for their support as we built up to our race debut and we hope that the action today has rewarded their faith in us. I’d also like to thank all our people at Pirelli: this exciting start has only been made possible by their unstinting hard work since our agreement was confirmed just nine months ago in June. We’re not about to rest on our laurels though: we’re already thinking ahead now to the next race in Malaysia, which will provide us with a new and different challenge.”

Categories: Formula 1 Pirelli

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