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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

Major European stock indexes were positive in the week from 10 to 14 December 2012 (Milan +1.3%, London +0.1%, Frankfurt +1.0%, Paris +1%). Despite the still open debate on “fiscal cliff” and 2013 budget in the U.S., the expansion on manufacturing activity data in China after 13 months (provisional HSBC PMI index to 50.9 points versus 50.5 points in November) and the easing of tensions in Europe with the granting of the final tranche of aid to Greece, supported markets.

European Auto & Parts achieved the best performance across sectors (+3.1% Stoxx Auto) driven by the newsflow and by rumors about extraordinary transaction regarding some European OEM. Auto&Parts stocks were not affected by the already expected market data published on Friday by Acea: auto registrations in November were down 10.3% year-over year, -7.3% the year to date figure.

Pirelli ended the week at € 8.91 up by 0.6% with an average daily trading volume of approximately 5 million. The stock since the beginning of the year recorded a performance of 37%, 31.5 percentage points above the benchmark (FTSE Mib).

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PEERS & MARKETS

Major European stock markets were mixed in the week from 3 to 7 December 2012 (Milan -0.7%, London +0.8%, Frankfurt +1.5%, +1.4% Paris, Madrid -1.1%). The announcement of the bonds buyback for € 10 billion from the Greek government and better-than-expected U.S. labour data (unemployment rate to a minimum of 4 years, 146k non-farm payroll) sustained purchases in the beginning of the week but indexes performance deteriorated after ECB revision of European growth estimates for 2012-2013 (2012 GDP between -0.6% and -0.4%, -0.9% in 2013 and -0.3%).

European Auto & Parts sector (Stoxx Auto) was up by 0.8% due to positive newsflow on November sales data published by Daimler and Ford.

Pirelli ended the week at € 8.86 (-0.7%) with an average daily trading volume of around 1.8 million units. The stock has gained 36.2% YTD outperforming the reference index by 32.2 percentage points (vs FTSE Mib +7 pp vs Stoxx Auto ytd).

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PEERS & MARKETS

The week from 26 to 30 November 2012 was a positive one for major European markets (Milan +1.1%, London +0.8%, Frankfurt +1.3%, Paris +0.8%) thanks to the agreement on economic aid package for Greece: Eurozone Finance ministers have given the go-ahead to 34.4 billion euro to the Greek Government. The positive environment was also supported by European macroeconomic data as the Germany labour data and Economic Sentiment Index in Europe resulted better than expected in November.

Auto&Parts sector was also up by 3.1%, despite the not-encouraging data on European Commercial Vehicles registrations in November: compared to the same month of 2011 there was a decline of 9.4% to 147,000 units.

Pirelli ended the week at € 8.92 up by 5.3% with an average daily trading volume of about 1.8 million. The stock, with a YTD performance of 37.1% is still one of the top 10 blue chip in Milan Stock Exchange with a performance year-to-date vs FTSE Mib Index of +32.4 percentage points.

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3 news December, 2012