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 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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