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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 & MARKETS

European stock markets were down in the week from the 22nd to the 26th of October 2012 (Milan -1.7%, London -1.5%, Frankfurt -2%, Paris -2%, Madrid -1.7%). Market sentiment weakened due to poor EU manufacturing data – PMI Euro area contracted, as well as Germany IFO, down for 6 straight months – as well as Q3 results below expectations for a number of global Blue Chip companies; Chemical stocks (-2.2%) and Telecoms (-3%) lagged other sectors during the week.

Auto & Parts stocks edged down as well (-2.2% in the week) following disappointing Q3 results and lowered 2012 targets for several Auto and Component makers; broker Goldman Sachs, moreover, lowered its global light vehicle production estimates for the years 2012-2014 (new estimates: +4.9% in 2012, +2.8% in 2013, +5% in 2014).

European tyre stocks advanced in the week, outperforming the overall market. Pirelli ended the week at €8.53, up 1.5 percentage points with a daily average traded volume of approximately 2.6 million shares. Average Target Price was unchanged in the week at €10.3 (20% above Friday’s close price), as well as the percentage of analysts with a positive recommendation on the stock, 92% of total.


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PEERS & MARKETS

Major European stock markets were up in the week from 15 to 19 October 2012 (Milan +2.3%, London +1.8%, Frankfurt +2.0%, Paris +3.4%, +3.4% Madrid) thanks to U.S. better-than-expected macroeconomic data on retail sales and industrial production in September (+1.1% and +0.4%, respectively). The resulting better sentiment helped to ease tensions on the European sovereign debt with a yield on Spanish bonos  hitting six months low.

European Tyre stocks were impacted by concerns on the 4Q 2012-1H 2013 demand: market data for the month of September have confirmed the negative trend in volumes in Europe (-15% the Replacement, -12% the OE), while the short-term outlook remains uncertain, as evidenced by some operators.

Pirelli ended the week at € 8,405 (-3.3%) with an average daily trading volume of about 5 million.


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The double A makes its truck debut

It’s time for new arrivals from Pirelli Truck.

The ST:01™ Neverending™ Energy™, our tyre developed specifically to equip trailers and semi-trailers, has taken its place in the European market.

A debut that has already attracted its first success, given that it is the first Pirelli range to acquire the double class A of the European Label for its rolling resistance, and wet grip.

Generating fewer emissions, the ST:01™ Neverending™ Energy™ line combines safety with energy saving, while maintaining optimum performance in terms of mileage and wear rate, which are typical of a truck tyre.

These are the strong points of the ST:01™ Neverending™ Energy™:
- An innovative tread pattern
- A bi-strata technology tread compound with a high silica content, which reduces heat generation and, therefore, rolling resistance as well as ensuring greater resistance to cuts and provides a higher mileage.
- The tyre’s profile, geometry of its sidewalls and beads are new.

By the end of 2012, the first size of the new ST:01™ Neverending™ Energy™ (385/65 R 22.5) will go on sale and the 385/55 R 22.5 will become available in January.

An extremely important result, which is in line with Pirelli’s key strategy of providing ever greater driving safety together with high quality and innovation.


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