ARCHIVE

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.

Share to Facebook Share to Linkedin Share to Twitter More...

PEERS & MARKETS

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).


Write a comment »

Share to Facebook Share to Linkedin Share to Twitter More...

PEERS & MARKETS

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.


Write a comment »

Share to Facebook Share to Linkedin Share to Twitter More...

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

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


Write a comment »


4 - 6 of 64 for the category: Investors