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 March 25 to 28 was a tough one for the main European stock exchanges: Milan -4.4%, London +0.3%, -1% Paris, Frankfurt -1.5%, -4.9% Madrid. Markets continued to be impacted by Cyprus financial crisis and by the political stalemate in Italy with a possible consequent risk of a Public Debt rating downgrade.

Auto & Parts sector stocks was also down (-2.5% Stoxx Auto) following the warnings on first quarter 2013 trend and the confirmation of the sector negative outlook by Moody’s: the agency has estimated a Light Vehicle demand in Europe down 5% in 2013.

Pirelli ended the week at € 8,185 (+0.9%) in contrast to the sector and the reference market with a daily average traded volumes of approximately 2.6 million pieces. The stock has benefited from the upgrade to Buy (from Hold) by Société Générale: according to the broker, after a period of transition in 2013 given the current market conditions, Pirelli is well positioned for a rebound in 2014.

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