ARCHIVE

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.

Share to Facebook Share to Linkedin Share to Twitter More...

PEERS & MARKETS

Prices fell on the major international markets in the week from 23 to 27 May (Milan -1.9%, London -0.2%, Frankfurt -1.4%, Paris -1%), influenced by uncertainties about the Euro stability and the economic trend.

At sector level, more cyclical sectors were most affected, with industrial and technology shares down ( -1.7% and 2.4% respectively), while banking shares recovered (+0.5%).

Pirelli closed at €6.84 (+0.7%) bucking the trend in the sector (+0.8pp vs Stoxx Auto) and against the market (+2.6pp vs FTSE Mib) with average daily trading volumes of around 3.2 billion trades. The share, which has been trading ex-dividend since 23 May, benefited from the Kepler upgrade to  €9.0 (from €7.6, Buy confirmed). The broker believes that the upside driver is the sustained demand at sector level, and Pirelli’s strong pricing power and exposure at premium segment. The consensus target price on a coverage of 22 brokers was €8.10 ( €7.6 before the 1Q2011 results) with 91% of commercial banks recommending purchase of the share.


Write a comment »

Share to Facebook Share to Linkedin Share to Twitter More...

VETTEL CLAIMS MONACO VICTORY AFTER THRILLING THREE-WAY FIGHT

Tyre strategy was at the forefront of the action at the Monaco Grand Prix, with a three-way fight between Sebastian Vettel (Red Bull Racing), Fernando Alonso (Ferrari) and Jenson Button (McLaren), who were separated by less than a second with only 15 laps to go. Such was the pace of the leading trio that they pulled away from the fourth-placed man by nearly a minute.

As the race entered its final 10 laps, the leading trio was still very close in a thrilling fight for supremacy, before an accident caused a safety car period followed by a red flag with just six laps left to go. As the rules allow teams to work on the cars during a suspended race, the drivers were allowed to change tyres before the race resumed in a final sprint to the finish.

The top three all chose Pirelli’s PZero Red supersoft tyres for the run to the flag, which ended with Vettel’s first win in Monaco. It was Pirelli’s first victory in Monaco since the 1957 race, which was won by Juan Manuel Fangio and Maserati.

 “We were privileged to see one of the closest ever battles for victory in Monaco – said Pirelli’s Motorsport Director Paul Hembery – the most prestigious race of the year. The top three used completely different tyre strategies but came out more or less together, which is exactly what we were aiming for at the start of the year. It’s great to see the tyre strategy forming such a prominent part of the action; giving us a fascinating battle for the lead where any of the top three drivers would have been very deserving winners. Had it not been for the red flag in the closing stages, I’m sure that their fight would have continued all the way to the very end. It was also great to see some of the other drivers scoring points such as Kobayashi, Sutil, Buemi and Barrichello. With the fastest-ever qualifying lap of Monaco yesterday and some drivers going for more than 50 laps on the PZero Yellow today, Pirelli has supplied both performance and adaptability with this year’s Formula One tyres.”

Categories: Formula 1 Pirelli


Write a comment »

Share to Facebook Share to Linkedin Share to Twitter More...

2011 MONACO GRAND PRIX

Pirelli heads immediately from one of the quicker tracks seen on the calendar to the very slowest, but at the same time definitely the most glamorous: Monaco. The tight and twisty confines of the Principality are ideal territory for Pirelli’s PZero Red supersoft tyre, which makes its debut in Monaco. For the first time, by extension, it is also twinned with the PZero Yellow soft tyre – which becomes the ‘prime’ nomination after five grands prix as the ‘option’. The PZero Red supersoft is one of the most extreme tyres in Pirelli’s range. While not quite a qualifying tyre, it still provides the ultimate performance offered by any of the PZero line-up. One of its characteristics is the remarkably short warm-up time, meaning that all the performance is available right from the beginning, but its extremely soft compound consistency means that it has an anticipated range of fewer than 10 laps: even less at the beginning of a race when the cars are full of approximately 200 litres of fuel. With the Monaco street circuit characterised by few overtaking opportunities, qualifying is of crucial importance. However, with very little run-off, incidents and interruptions are common. Weather conditions can also vary, making Monaco one of the most unpredictable and exciting events of the year. In the past there have been a number of surprise winners, and the combination of tyres nominated by Pirelli this year give teams scope to improve their prospects through some creative strategies, as has already seen at the previous round in Barcelona.

“Monaco is a fantastic race – says Paul Hembery, Pirelli’s motorsport director – that makes no sense on the one hand as it’s so different from everywhere else, but it’s still the jewel in the crown of the calendar on the other. We’re very excited to see our PZero Red supersoft tyres making their debut around the twisty streets this weekend, although this type of circuit will obviously be a completely new experience as we’ve only tested on permanent tracks. The supersoft rubber is designed to provide outstanding performance over a short period of time but this comes at the price of durability, so all the teams will have to consider their strategies carefully. Getting it right will make the difference between winning and losing. For longer runs, the PZero Yellow has already proven itself to be a reliable and popular product so far this year, contributing to extremely close racing while providing the drivers with all the confidence they need to push to the maximum. We said from the start that we wanted to give racing back to the racers, and we’re hoping very much that Monaco will be a classic example of this.”

Categories: Formula 1 Pirelli


Write a comment »


1 - 3 of 8 May, 2011