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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

Another strong week for European financial markets rising for the fourth consecutive week (Milan +1.9%, London +1.5%, Frankfurt +1.4%, Paris +1.2%). Stocks trading was supported  by positive macroeconomic data from the U.S. (April retail sales +0.1% vs. -0.3% expected, consumer confidence in May 83.7p vs 77.9) and China where industrial production grew 9.3% in April compared last year. In Europe, the German GDP was back to growth quarter-on-quarter in the first three months of 2013 (+0.1% yoy, -0.7% the previous result).

European Auto&Parts index achieved a weekly rise of 6.9% following data on April car registrations in Europe back to positive growth after 19 months of decline (+1.7% yoy). Market figures from Michelin and Pirelli positively impacted

Tyre related stocks benefited also from tyre market figures released by Michelin and Pirelli which show improvements in European demand and confirm the solid demand in Latin America.

Pirelli ended the week at 8.98€ (before coupon detachment) with an increase of 3.2%. Average daily traded volumes was about 2.5 million.


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