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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Main European stock market were down in the week from 4 to 8 February 2013 (Milan -4%; London -1.3%, Frankfurt -2.3%; Paris -3.3%, Madrid -0.7%). Political vicissitudes in Spain – calls for the resignation of the Prime Minister – and Italy in the upcoming elections of February 2013, renewed fears on peripheral Euro countries pulling down stock indexes. Data on U.S. productivity declining in 4Q (-2% QoQ vs. -1.4% expected) and the view of the President of the ECB on a still weak economic activity in the euro area (recovery only in the second part of the 2013) also weighed on sentiment.

European Auto&Parts sector performance was slightly positive (+0.8%) in the second week of the reporting season. According to Daimler, car demand in 2013 will increase by 2%/4%, with a positive trend more pronounced in the second half of the year. Sector stocks also benefited from data on auto sales in China which rose in January by 35-40% compared to last year.

Pirelli ended the week at € 8.92 (-1.5%) discounting the negative mood on the Italian equity market (worst market in Europe) with an average daily trading volume of about 2.7 million. The year-to-date performance is still one of the best in the European tyre sector (+3.1% YTD) after a 33.1%increase  in 2012.

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