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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 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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