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.
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.