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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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MAJOR RECOGNITION FOR PIRELLI BRAND IN PEKING

Pirelli China receives the Best Enterprise Brand Image Award

Last Wednesday (20 June) Pirelli was presented with a prestigious prize in Peking: it was the 2012 Best Enterprise Brand Image Award at the summit on finance, one of the most important business events of the year.

China’s growing economic strength was the main theme of the event, which focused on four key elements: green, innovation, reputation and development. During the summit, the results were discussed of the great improvements that have been made in China as a protagonist, with the spotlight on the progress of the green economy, innovation of businesses and sustainable development.

In this context, Pirelli has taken great steps forward in reinforcing the notoriety of its brand, as it has with its reputation, partly as a result of its involvement in motor sport sponsorship and our marketing activity.

Factors which have made a tremendous contribution to China’s economic development.

Categories: Innovation Pirelli


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PEERS & MARKETS

European stock markets were up in the week, particularly in Southern Europe (London +0.6%, Frankfurt +0.5%, Paris +0.1%, Milan +2%, Madrid +2.3%). There were several important policy meetings in the week, with the objective to stimulate global growth. The G20 summit increased the European IMF firewall fund to 456 billion dollars, and leaders promised actions for growth and employment. The Fed, in turn, strengthened “operation twist” up to 267 billion dollars, aiding short term interest rates, whereas Italy, Germany, France and Spain proposed aids for 130 billion euros as well as a European banking union and a tax on financial transactions.

Upward trend for Auto & Parts stocks (+1.2%), after being the worst performing sector among European equities over the last month (-8% vs Stoxx 600 +0.7%).

Pirelli closes the week up 3.6% at €8.1; average daily traded volume was 3.3 million stocks. In the sector report published this week, Goldman Sachs has turned more cautious on the tyre sector, assuming European volumes down 6% in 2012. Brokers Exane and Equita, too, forecast declining volume in the year, but the analysts agree that the positive raw material trend, as well as the firm pricing in the Premium segment will be able to protect sector profitability.


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PEERS & MARKETS

European stock markets were up in the week from the 11th to the 15th of June, 2012 (London +0.8%, Frankfurt +1.6%, Paris +1.2%, Madrid +2.5%), thanks to the agreement on European aid to the Spanish banking system and the statement by the ECB President, confirming the intention to provide funding to financial institutions.

Bank stocks were up, also thanks to short covering (European index +1.8%), whereas the Auto & Parts sector ended the week down 2.8%, due to macro uncertainties.

Pirelli closes the week at €7.815 (-1.9%), with 3.4 million shares traded per day, on average. The acquisition of Dackia was positively welcomed by the market; according to Banca Aletti the agreement is strategically significant since it allows for a better coverage of the Nordics market, structurally oriented towards the profitable winter tyre segment. Moreover, according to Morgan Stanley’s research piece on the Essen Tyre Show, Pirelli is best positioned among European tyre makers to take advantage of the upcoming tyre labeling regulation, along with the surprisingly well ranked Emerging Markets producers.


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