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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Major international stock markets were up in the week from April 22 to 26 (Milan +5.1%, London +2.2%, Frankfurt +4.8%, Paris +4.3%, +4.8% 9 Madrid). After the macroeconomic data from Germany in April (PMI at 47.9 points, below the consensus and the critical threshold of 50 points; Ifo economic activity down to 104.4 vs 106.2 pts estimated) markets relied on a cut of official rates by ECB to support economy (expected May 2nd a decrease to 0.5% from the current 0.75%).

By sector, purchases was focused on Auto & Parts stocks (+7.3% the Stoxx Auto Index) following the beginning of the reporting season. After the publishing of 1st quarter data that showed the weakness of demand, traders are betting on a trend of improvement in the coming quarters. This hypothesis was validated by early indications from the Industry: truck recovery in orders in March, general automotive sector re-stocking, tyre recovery in sales for the month of April.

Pirelli ended the week at € 7.68 (+4.3%) with an average daily trading volume of about 2 million.

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