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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

The week from 24 to 28 September 2012 was a difficult one for the major international Exchanges (Milan -5.6%, London -1.9%, Frankfurt -3.2%, -5.0% Paris, Madrid -6.3%) due to fears of a further economic slowdown. Both Standard & Poor’s and Fitch lowered its 2012 GDP estimates in Asia – the main engine of economic growth – while in Europe the focus has been on the strength of the Spanish banking system with stress tests that showed a need for capital of 59.3 billion euro.

Auto&Parts Sector was also under pressure (-6.3%) after major car makers announcements of production cuts.

Pirelli closed at € 8.38 (-6.3%) in line with the sector and peers. Average daily trading volume was about 3 million pieces. Despite the current weakness in the sector, Pirelli stock remains among the top 10 performers in the FTSE Mib with an year-to-date increase of 28.8% (+28.8 pp vs FTSE Mib +10.7 pp vs Stoxx Auto).

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