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A NEW SPACE FOR OUR SHAREHOLDERS

by Pirelli — Thu, 21 Apr 2011 12:25:38 +0000

From today, an important space especially for our individual shareholders is on-line on the Pirelli site: a portal for information, data and news from Pirelli world, from shares price trends to dividends, international company operations to new investment projects. This initiative targets the 70,000 plus people who have believed in our industrial project for years, and who make Pirelli the 7th most important Blue Chip stock on the Milan stock exchange, in terms of retail sales.
With web retail, we are also launching IN, a quarterly newsletter dedicated to individual investors that will illustrate the financial and business results and all the news from the world of Pirelli. You can receive the newsletter by simply registering in the “Talk to Pirelli” section.

PEERS & MARKETS

by Pirelli — Mon, 21 Mar 2011 12:17:01 +0000

Severe drawback on major international stock markets on the week of March 14-18 (Milan -3%, London -1.9%, Frankfurt -4.5%, Paris -3%, Tokyo -10.2%) primarily reflecting the nuclear threat in Japan after the strong earthquake and the potential impact on the global economic system.
Fear on the situation in Libya that continues to unravel also reflected negatively on the market and oil prices hit new highs (prices on March 18: Brent around $114, WTI at $101).
Pirelli ends the week at € 5.93, a drop of 1.9%, but contained losses compared to the European index (-3.4% Stoxx Auto&Parts) and the sector. A daily average of 5 mln shares were exchanged.
Moreover, RBS confirms the BUY rating on the stock with a TP of €8.

PEERS & MARKETS

by Pirelli — Mon, 14 Feb 2011 20:03:49 +0000

The positive trend in the international markets continued in the week 7-11 February (Milan +0.3%, London +1.1%, Frankfurt +2.1%, Paris, +1.3%). At sector level, Auto & Parts shares recovered (European reference index +7.2%), benefiting from the positive reporting season and reassuring outlook for 2011 shared by several companies (Faurecia, Michelin, Nokian).
Within the sector, Tyre shares grew strongly, with Pirelli closing the week at €6.115 (+8.4%, +1.2pp vs Stoxx Auto) with an average trading volume of approximately 5.6 million per day.
Mediobanca revised its valuation of Pirelli shares upwards to €6.87 (from €6.82), forecasting results that outperform the guidance or FY2010.
The consensus target price for Pirelli was €7.0, and the recommendation is primarily Buy (63% of analysts’ coverage).

PEERS & MARKETS

by Pirelli — Tue, 04 Jan 2011 13:18:45 +0000

Despite the profit taking of recent sessions – in line with the general market trend – Pirelli has been outperforming both the Italian Blue Chip index and its main international peers decisively. From the start of the year to 30 December 2010, the share price rose by 39.5% (from €4.34 to €6.05), positioning itself as one of the best shares on both the Italian market (relative performance +52.7 pp compared to the FTSE MiB index) and in the European auto & parts sector (+35.8pp higher then Michelin). Trading increased over the year: the daily average was 4.3 mln shares, +10% compared to 2009.
The full transformation of the Group into a pure tyre company, the solid operating performance and the presentation of its new industrial plan for 2011-2013 all supported Pirelli’s performance on the stock market in 2010. It also remains one of the stocks preferred by analysts. The prevalent recommendation was Buy, with a consensus Target Price of €7.05.

Pirelli confirmed world leader in Dow Jones Sustainability Indexes for the fourth year in a row

by Pirelli — Thu, 09 Sep 2010 10:21:49 +0000

For the fourth year in a row, Pirelli was confirmed world leader in the Autoparts and Tires sector in the Dow Jones Sustainability Europe and Dow Jones Sustainability World indexes.

For the second year in a row, Pirelli was also the only Italian company to be ranked as world leader in its sector.

The 2010 review was carried out by SAM Group, the Swiss asset management group in charge of the assessment and selection process for admission to the Dow Jones Sustainability Indexes. Criteria include corporate governance, risk management, codes of conduct, brand management and innovation processes. On the environmental front, SAM looks at reporting, environmental policies, procedures and systems, responsible product management, climate change and emissions reduction strategy and energy efficiency. There are also social criteria: development and management of human resources, philanthropy, health and safety in the workplace, supply chain management and stakeholder engagement.

PEERS & MARKETS

by Pirelli — Mon, 02 Aug 2010 18:05:32 +0000

Sector rotation in favor of bank sector characterized the week from 26 to 30 July on the stocks markets. Following the results of stress tests required by the European Commission, the European Banks sector index recorded 5% upside. Profit taking affected sector that have better performed since the beginning of the year : Automotive & Parts marks -1.8% despite the positive indications for 2010 given that emerged from the publication of half-year results by the major car and components manufacturers such as Daimler, Pirelli, Continental and Michelin. Pirelli closed the week at € 5.37 (-1.1%) containing profit taking (-3.6% Michelin, Continental -2.5%). Pirelli 2Q 2010 results beated consensus estimates (+ 21% EBIT vs. the figure expected by market) with a positive impact both in terms of tyre estimates for 2010 (in line with the new target) and a higher evaluation of Pirelli stock. Ten brokers have revised their target price on Pirelli & C by an average of 40 € cents from €5.75 to €6.15. The full consensus target price stands now at € 6.04; Buy is the prevalent recommendation (83% of coverage). Pirelli, despite last week trend, is still the best performer on Ftse Mib year to date, with a relative performance of +26 pp compared to the index of blue chips. Pirelli RE, that confirmed its guidance for 2010 closed at € 0367 with an increase of 2.4% (+1.7 pp vs. the European Real Estate Index).

Peers & Markets 26-30.07.2010

PEERS & MARKETS

by Pirelli — Mon, 26 Jul 2010 20:26:54 +0000

Rises prevail on the major European Stock Markets during the week from July 19 through 23 due to recovery signs from macroeconomic data published in the US (Milan + 2.2%, London + 3% and Paris + 3.1%). More specifically, the banking sector showed a positive trend (+ 4.5% European reference Index) following the outcome of the Stress Test (only 7 out of 91 banks did not pass the test). Pirelli is definitely the best within the Ftse Mib since the beginning of 2010, with a relative performance of 29pp compared with teh Blue Chip Index of Milan. We remind you that on Monday, July 26, 2010, a reverse stock split transaction was approved with a ratio of one new ordinary or saving stock for eleven stocks to streamline both their financial management and make the Pirelli & C. stocks value more easily comparable with the other tyre business stocks listed. Taking into account such value adjustment, closing on Friday July 23, 2010 was of 5.42 euro (+ 2.9% weekly perfomance). The Consensus Target Price is of 5.84 euro and “Buy” is the prevailing recommendation. Negative data on the US Real Estate market sales caused a decrease of Real Estate stocks and a – 0.7% or 0.358 euro for Pirelli Re. The negative performance of Risanamento (-12.4%) involved in a criminal case based on the infringement of environmental protection laws.

JULY 26 : PIRELLI & C. REVERSE STOCK SPLIT

by Pirelli — Sat, 24 Jul 2010 11:46:49 +0000

Starting from Monday July 26 , 2010 Pirelli & C. shares will be grouped in the ratio of 1 new share for every 11 ordinary or savings shares.
This operation simplifies the administrative management of the shares and makes the unit value of Pirelli & C shares easier to read, in line with other listed companies in the tyre industry.
Starting from Monday July 26 the value of Pirelli & C shares in the stock market will be the one of the new shares. To compare the new stock value with that of Friday July 23 (the last trading day before the reverse split) it will be sufficient to divide the value of the news share by 11.
No expense shall be borne by the sharholders in respect of the reverse stock split that will carried out by all the authorized intermediaries exclusively through Monte Titoli S.p.A.
Pirelli & C. has appointed Mediobanca – Banca di Credito Finanziario S.p.A to be the counterparty until 31 August 2010 in respect of the settlement of the missing or exceeding Pirelli & C. share fractions within the necessary limits to enable the shareholders to hold a number of ordinary or savings shares equal to 11 or respective multiples.
Such fractions will be settled on the basis of the official price of the Pirelli & C. ordinary and savings shares as of 23 July 2010. No expense shall be borne to the sharheolders in respect of such transactions.
In this way Pirelli & C. wants to facilitate the reverse stock split transaction and to better satisfy any requests from the shareholders.

PEERS & MARKETS

by Pirelli — Tue, 01 Jun 2010 15:00:05 +0000

European markets showed signs of recovery after the plans to support the Euro were approved. However, the Milan Stock Exchange is the only market to close below par value in view of the banking sector that suffered losses penalised by the negative nesflow from the Spanish market (intervention by the central bank to support the savings bank CajaSur).
Pirelli’s share price closed the week at €0.423 (-1.2%) recovering almost all losses due to the dividend distribution on May 24th, when the stock dropped to about € 40 cents.
Analysts forecasts on the stock are stable: the Consensus target price settled at € 0.52, and buy recommendation prevails on total analysts coverage (88%).
Pirelli RE also showed solid recovery (+8.2%) as the sale of the German department stores “Karstadt” will be soon concluded. Three offers were received last May 28th and, according to the German press, Highstreet consortium (Goldman Sachs, DB, Generali, Pirelli RE and Borletti) has a greater success rate.

For more in-depth information please follow the link to: Investors > Peers & Markets.

PEERS & MARKETS

by Pirelli — Tue, 25 May 2010 11:42:23 +0000

Negative week for major stock markets: from 17 to 21 May, London marks a -3.8%, Milan -1.2%, Paris -3.6% and Frankfurt -3.8%. The main drivers behind performance on the stock exchanges being the fears that consolidation plans under study by European Countries might delay economic recovery.
Sales were mainly focused on shares related to basic resources (-7%) and energy (-5%) with oil falling to $ 70 a barrel.
Pirelli closed the week down by 4.5%, in line with Michelin (-5.5% the DJ Stoxx Auto).
Poor performance for the stocks of the Italian Real Estate sector with Pirelli RE down by 8.9%, Risanamento -11.4% and Aedes -9.0%.

For more in-depth information please follow the link to: Investors > Pirelli in the stock market > Peers & Markets; or click here.