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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The week from February 11th to 15th was mixed for major international stock markets (Milan -0.8%, London +1.0%, Frankfurt -0.8%, Paris +0.3%). The expectations for the outcome of the G20 meeting in Moscow (global currency balance the main topic on the agenda) and the not-encouraging data of fourth quarter GDP in Italy, France and Germany (all down QoQ and lower than expected) feed the uncertainty and volatility in the markets.

European Auto&Parts sector was down after previous week’s positive performance (-1.6% Stoxx Auto, +4.4% YTD). Among the major OEMs Renault and Peugeot were in countertendency after 4Q FY-2012 results above analysts’ expectations: +6.7% and +10.4%, respectively, the weekly return.

European tyre sector was also mixed. Pirelli ended at € 8.71 (-2.4%, +1.1% Continental, Michelin -6.5%). Low activity on the stock with an average daily trading volume of approximately 1.9 million shares (-30% vs. the average of the last 3 months). In the last quarter, the stock gained 6.2% in line with the performance of the Milan Stock Exchange.

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