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PEERS & MARKETS

by Pirelli — Mon, 16 Jan 2012 20:03:53 +0000

It was a very volatile week (from the 9th to the 13th) on the international stock markets (London -0.2%, Paris +1.9%, Frankfurt +1.4%) on the continuing rumors about EU countries debt de-rating by the main agencies.

Piazza Affari (+2.5%) emerged as the best performing Market in Europe thanks to the good quarterly auction of Bot. Italian bonds was placed with a yield down to 2.735%, dropped by a half since last December.

Good performance also for european Auto&Parts sector (+3.6%) driven by the positive statements of BMW and Peugeot in particular (positive view on 2012).

Pirelli ended the week at € 6.59, down 1.9% with profit takings after the Goodyear warning of on market trends and profitability in 4Q. For the main brokerage houses, the indications given by Goodyear are “company specific” and do not directly affect Pirelli.

Pirelli Investor Relations

PEERS & MARKETS

by Pirelli — Mon, 05 Jul 2010 14:59:59 +0000

Fears about the economy pushed European stock exchanges down, closing over 4 percentage points down on the week 28 June to 2 July 2010 (Milan, -4.4%, London –4.1%, Paris –4.9%, Frankfurt –3.9%). Sales were stimulated by the worse-than-expected US macroeconomic data (unemployment, consumer confidence and property sales).
Pirelli shares (4% down at € 0.444) fell less than other European auto industry shares (reference index –4.8%) due in part to the positive views expressed by Equita (BUY with a Target Price of € 0.54) and Chevreux (Outperform and a Target Price up from € 0.51 to € 0.55 ), which saw Pirelli Tyre estimates rise against the market trend. .
The average consensus valuation of Pirelli & C was € 0.53, with 83% Buy recommendations on a coverage of 21 brokers.
The negative data on the US property market pushed real estate shares down, with Pirelli RE at € 0.322 (-.83%).

PEERS & MARKETS

by Pirelli — Tue, 15 Jun 2010 15:25:34 +0000

BCE’s statements last June 10th on monetary policy has helped lessen investors’ fears on the European economy, reflecting positively on the stock market. The Milan stock market closed the week ending June 11th with positive gains of 5%, whereas Paris Stock Exchange rose by 3% and London Stock Exchange by 1%.
The European Central Bank has decided to leave its benchmark interest rate unchanged and supported the banking system by providing maximum added liquidity through fixed rate tender auctions.
Banks, as well as the automobile and building sector showed the best trend (+5% on European Indices).
Pirelli rebounded back to its year high, closing the week at € 0.472 (+4.8%). The positive consensus forecast for Pirelli remains unchanged: target price €0.52 and a buy recommendation on the coverage by analysts (88%).
Pirelli RE also showed slight gains, closing the week at € 0.37 (6.6%) reflecting goods news on a possible amalgamation and negotiation with other real estate companies. Main market peers showed a mixed trend (Aedes -3%, Brioschi -8% and Risanamento +12% due to news regarding the sale of the former Falck di Sesto San Giovanni Area).

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PEERS & MARKETS

by Pirelli — Tue, 08 Jun 2010 11:10:13 +0000

Uncertainty about economic growth and the weakness of the euro have dominate the performance of European stock markets in the week 31 May to 4 June: -3.8% Milan, -1.3% London, -1.7% Paris.
In Milan, banks securities were particularly affected (European sector -3.5%) offset by industrial stock and securities with a high degree of geographical diversification. This was reflected for Pirelli & C shares, which closed the week 6.6% up at €0.451, clearly outperforming the industry index (+0.4% DJ Stoxx Auto & Parts) and its European peers (Michelin +0.7%, Continental -0.6%).
Analysts’ valuation of Pirelli & C shares remained stable: target price 0.52€ and recommendations that were predominantly to BUY (88% of coverage)
Pirelli RE also performed well, closing at €0.345 (+0.4%), in contrast to the negative performance of its main peers (Risanamento -1.2%, Beni Stabili -1.5%).

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2Q09 REPORTING SEASON: PIRELLI OVERPERFORMES THE INTERNATIONAL TYRE SECTOR

by Pirelli — Fri, 07 Aug 2009 15:00:20 +0000

For the second quarter in a row, Pirelli recorded one of the best operating performance in the International tyre sector.
In a difficult market environment, impacted by the economic crisis, Pirelli limits the revenues slow down in 2Q09 (-9.2% vs. -21% of the sector) thanks to the favorable geographic positioning as well as the year over year price mix improvement (+5.2%). Moreover, Pirelli is one of the few players that significantly improved its performance versus the 1st quarter 2009 (+6.6% the top line increase vs. 1Q09).
On profitability, Pirelli is the only player -besides Continental- to record a positive trend reaching an 8.6% Ebit margin in 2Q09, +0.5pp vs. 2Q08 thanks to the raw material cost reduction and to efficiency/savings related to the restructuring program launched in 2008.

For further information: Investors > Pirelli on the Stock Market > Peers Markets; or click here.