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.

PEERS & MARKETS

PEERS&MARKETS 7.06-11.06.10BCE’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).

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

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PEERS & MARKETS

PEERS&MARKETS 31.05-04.06.10Uncertainty 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%).

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

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2Q09 REPORTING SEASON: PIRELLI OVERPERFORMES THE INTERNATIONAL TYRE SECTOR

Pirelli vs Peers 2Q 09For 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.

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