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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

In the week from the 21st to the 25th of July the main European stock markets showed diverging trends, positive for Milan, London and Madrid, negative for Frankfurt and Paris (Milan +1.6%, London +0.6%, Madrid +3.4%, Berlin -0.8%, Paris -0.1%), slightly up for the benchmark index DJ Stoxx 600 (+0.7%) .

German stocks, in particular, were affected by the decline in German Business Confidence, below market expectations.

Good trend for the Bank sector (+3.2%), recovering from the losses of the previous weeks, thanks to encouraging news regarding the second half of 2014.

Auto & Parts stocks, in line with other cyclical sectors, closed the week down (-0.9%) due to uncertainty on emerging markets while major players reported Q2 earnings.

Pirelli shares close the week at 11.62 (+1%) with limited volumes (1.7 million shares on average per day, against a 3-month average of 2.2 million) outperforming European peers (Continental +0.3%, Michelin -3.4% and Nokian -3.6%)

Consensus target stands at 13.0 €/share with 85% of analysts advising to Buy or Hold the shares.


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PEERS & MARKETS

 

 
The main European stock markets were slightly up in the week from the 14th to the 18th of July, with the exception of Madrid (Milan +0.6%, London +0.9%, Frankfurt +0.6%, Paris +0.4%, Madrid -0.1%), supporting the DJ Stoxx 600 index monthly performance (+0.8%).
Investors turned to Bank stocks (+1.2%), recovering after the considerable losses of the previous week (-4.1%), mainly thanks to the positive news flow from Banco Espirito Santo (possible capital raise from new shareholder).
The Auto&Parts sector closed the week down 0.3%, influenced by mixed news from the car market. Europe shows positive signals, the monthly ACEA report shows a positive trend of +4.3% in June, the tenth consecutive month of recovery; less encouraging news from South America, where car registrations are decreasing.
Pirelli shares closed the week at 11,50 € (-1.8%) with limited volumes (1.7 million shares on average per day, against a 3-month average of 2.4 million) in line with the most important European peers (Continental -1.7%). Credit Suisse has initiated coverage of the stock with a buy recommendation and a target price of 14.50€, mainly thanks to the excellent Pirelli positioning in the Premium segment.
Consensus target price is at 13.0 €/share with 85% of analysts advising to Buy or Hold the shares.


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Pirelli ESG Investor Briefing

A PRI – UN Global Compact initiative

Pirelli ESG Investor Briefing

13 March 2013 – 9:00 PDT – 12:00 EDT – 16:00 GMT – 17:00 CET

On 13 March 2013, Pirelli will host its ESG Investor Briefing, as part of a joint PRI-UN Global Compact initiative designed to improve company-investor communications on ESG information, following the model of traditional financial quarterly calls.

During the 1-hour webcast conference call Mr. Marco Tronchetti Provera, Chairman and CEO, and Mr. Maurizio Sala, Head of Planning & Control Department and Filippo Bettini, Head of Sustainability & Risk Governance will present the company’s ESG value drivers using a framework developed in collaboration with Global Compact LEAD companies and PRI investors, followed by a 30 minutes Q&A session for participating investors.

The Pirelli ESG Investor Briefing is a part of a series of 10-15 pilot presentations by Global Compact companies in 2012-2013 designed to test and refine the ESG Investor Briefing concept and develop a framework complementary to sustainability reporting for corporate communication with the investor community on strategic ESG risks and opportunities.

If you are interested in participating in Pirelli’s ESG Investor Briefing, and you are a a PRI signatory, you can directly register here. If you are not a PRI signatory, please contact Danielle Chesebrough, Manager of Investor Engagements with the UN Global Compact at Danielle.Chesebrough@unpri.org, who will register you and provide you with a link for the webinar and dial-in details.

Open the PRI-UN Global Compact – Pirelli invitation (PDF Version, 256 KB)


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