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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 started 2013 on a positive note and were up between January 2 and 4 (Milan +4.2%, London +2.8, Frankfurt +2.2%, Paris +3.0%).

Investors welcomed the US budget agreement which reduced the possibility of a “fiscal cliff”; global rating agencies, however, highlighted the limited impact of the new policies on the country’s deficit. Good news, moreover, came from the German labor market (unemployment rate at 6.9% in December) and from the US manufacturing industry (ISM manufacturing index).

Auto & Parts stocks performed in line with market and posted a 3% gain in the week. According to broker CITI, the best performing stocks of 2012 – Premium OEMs and tyre makers – are likely to continue on their path and could lead gains in 2013.

Pirelli closed the week at €8.95, up 3.4%, with an average daily volume of 1.5 million shares (3 month average is 3 million shares traded per day). Target price is at €9.9 with 83% of analysts recommending to Buy or Hold the stock.


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