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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 & MARKET

A week that saw sharp falls in the international financial markets (Milan -3.3%, London -1.5%, Paris -2.2%, Wall Street -2.2%). Operator’s unease is due to the uncertain view of the macroeconomic outlook expressed by the Governor of the Federal Reserve (moderate improvement in the second half of 2011 but no further injection of liquidity to the market) in addition to fears for a possible rescheduling of repayment of the first tranche of Greek debt (voluntary renewal of Greek bonds at maturity with newly issued securities).
The banks reacted decisively with a 4 percentage point fall across the sector. Financial shares were also weak (-3.1%) while industrial and Auto&Parts record –1.7% and –0.6% respectively.
Pirelli closed at €6.66 (-1.6%) with lower trading volumes than the previous month’s average (mean daily volume of trades 2.5mln vs 3.5 mln).
The Societe Generale upgrade to Buy is noteworthy (TP €8 from €7.6): the share was valued 8% higher than Michelin, reflecting the excellent trend in operating performance. In the broker’s view, the positive trend in global demand, and the recovery of truck tyre production in Egypt will ensure that the 2011 guidance on volumes (>6%) will be achieved. 
The current consensus Target Price for Pirelli was €8.15, and the recommendation is primarily Buy (91% of brokers that cover the share).

Categories: Peers & Markets


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APPLAUSE FOR DIABLO ROSSO IN A WEEKEND PACKED WITH EVENTS

The excitement of Superbike began on Thursday 9 June at the Misano circuit. For that evening, the starting grid was turned into a real red carpet for the Superbike Gala Dinner.
A new event that had the merit of bestowing elegance, effectiveness and good taste on those who attended. Organised by the staff of Infront Motor Sports, Pirelli and Alfa Romeo supported the initiative, actively contributing to the success of the evening.
A long red carpet opened the road from the gates towards the starting grid on which four tables were laid, pleasantly decorated for each grid row. On the adjacent grass were over 2,500 candels: a lighting spectacle enjoyed by almost 300 guests including the teams, riders, photographers and press from all over the world, plus important guests and a large number of authorities.
An evening under the banner of worldliness, unforgettable for the original location, at which Pirelli had to be present.
On Sunday 12 June at San Marino circuit, Carlos Checa scored his third double victory of the season, staking his claim in no uncertain terms at the mid-way point to the possibility of winning the 2011 World Superbike Championship.
This is what the rider said as he sat astride his Ducati: “It has been a fantastic weekend. We expected to be competitive, but not at this level. We did the maximum and we have been able to achieve the maximum. The temperature was higher in race two, so we chose different Pirelli tyres, which turned out to be the right ones”.

Categories: Pirelli Tyre


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2 news Sunday, June 12th, 2011