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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 financial markets was down in the week from 18 and 22 March 2013 (Milan -0.1%, London -1.5%, Paris -1.9%, -1.6% Frankfurt, Madrid -3.4%) following the renewed fears  on Euro due to the Cyprus crisis.
Auto&Parts sector (-3% Stoxx Auto) was also weak in consideration of the uncertain outlook emerged from the reporting season and the car registrations data in Europe declined further in February (-10% yoy after -9% of January).
Pirelli ended the week at at € 8,115 (-3.3%) in line with peers and the sector with an average daily trading volume of about 2 million pieces.

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PEERS & MARKETS

Major European stock markets were weak in the week from March 11 to 15 (Milan -0.9%, London +0.1%, Frankfurt +0.7%, +0.1% Paris, Madrid -0.1%). The Italian political situation in stalemate and the resulting cut of Italy’s rating by Fitch (from A-to BBB + with a negative outlook) has fueled uncertainty among operators impinging on the European markets.

The downward revision of GDP estimates by Fitch compared to those published in December contributed also to slow market performances: +2.2% the 2013 global growth versus the previous estimate of +2.4% (Eurozone -0.5% vs. -0.1% previous).

​​Auto & Parts sector was down (-1.6%) following the disappointing data of vehicle registrations in February (-6.2% globally LMC reported) and some indications of increasing competition on the market which is likely to depress margins in first quarter of 2013 (Volkswagen).

Pirelli ended the week in which has been published the annual results  at € 8.39 (-4.6% after +4.3% recorded in the two sessions before the results) with an average daily trading volume of about 4 million shares. Financial data in line with consensus estimates but analysts took a cautious view  on the tyre sector for 2013 on the basis of market developments difficult to predict.


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PEERS & MARKETS

The week between the 4th and 8th of March 2013 ended with an upswing of the major European Stock Exchange lists (Milan +4.3%, London +2.2%, Frankfurt 3.8%, Paris +3.5%, Madrid +4.6%). The economic and political uncertainties in the Eurozone seem to disappear in the background of international markets when contrasted with the will of Central Branks to continue supporting the economies with unconventional measures. Labour data from the U.S. are also positive – the unemployment rate down to 7.7% and the week’s requests for benefits to 340,000.

Positive the Auto&Parts Industry, after last week’s sales (+3.5% lo Stoxx Auto, +7.1% YTD). Amongst the main OEMs where purchases focused due to their weekly performance, Peugeot (+18.7%) and Renault (+11.2%), the latter having validated its competitive agreement with French Unions this week.

Mixed trends in the European Tyre Business: Michelin goes down (-0.9%), while Nokian is up (+1.7%). Continental is buoyant (+9.0%), after publishing its  FY12 results. Pirelli closes the week at 8.80 (+2.7%, +1.6% YTD).

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