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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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PIRELLI LAUNCHES THE NEW #OnTheRoad APP DESIGNED TO HELP DRIVERS IN MANAGING THEIR CARS

IT REMINDS YOU WHEN TO PAY CAR TAXES, CAR INSURANCE AND WHEN IT IS MORE CONVENIENT TO WASH THE CAR; IT FINDS WHERE TO PARK, THE NEAREST MECHANIC OR A PIRELLI TYRE DEALER

 

 

Pirelli launched the new #OnTheRoad application for iPhone to help drivers in managing their cars; a simple and intuitive tool which turns into a real on-board computer.

Just enter your plate number and #OnTheRoad automatically retrieves the vehicle registration document data which will then be stored as an identity card of the car on your smartphone and, in case of a lost document, always retrievable. It is possible to enter information about insurance, driving license and car taxes and the app will send an alert to remind you of key deadlines: maintenance checks, insurance or tax payment dates.

In addition to functioning as a reminder, #OnTheRoad App turns into a real digital mechanic suggesting when to check car brakes, when to perform a check on tire pressure and when it is time to replace summer tires with winter ones and vice-versa.

Thanks GPS integration, then, #OnTheRoad shows directions to the nearest parking lot or mechanic and, integrating smartphone maps, shows you the path to reach them, much like a navigator.

Pirelli is already thinking about the next developments of this new application studying the possibility of presenting it as original equipment on some cars, following the trend of increasing cooperation with car manufacturers.

Download #OnTheRoad App from the Apple Store at this link.

Categories: Pirelli Pirelli Tyre


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PEERS & MARKETS

Main european stock exchanges were weak in the week from November 4 to 8 2013 (Milan -1.1 % , London -0.4 %, Frankfurt +0.8 % , -0.3 % Paris , Madrid -0.9 %). The U.S. macroeconomic data above expectations (GDP +2.8 % QoQ vs. +2 % consensus; increase in jobs more than double than estimates: approximately 204,000 vs. 100,000) was pushing stocks at first but the improving economy also renewed concerns that the Federal Reserve Bank may begin tapering its Quantitative Easing. On the European front instead, a further cut by the ECB to official interest rates to historical low (0.25%), confirms the weakness of the Eurozone economy.

Above parity the European Auto&Parts sector ( +0.7 %) driven by good car registrations data in October ( +3.4 % yoy , -2.1 % YTD) . The sector also benefited from the good performance of Tyre stocks following Continental quarterly results and the presentation of the new Strategic Plan 2013-2017 by Pirelli: the stock, having earned more than 8% in the two subsequent sessions, ended the week at € 11,050 recording the best performance of the Stoxx Auto (+6.9 % , +6.2 pp vs. index) with over 4 million volumes traded on average each day. According to analysts, the “realistic” targets , the internal levers of value creation and the focus on profitability and cash generation, provide significant opportunities for upside. Four brokers have currently revised upwards the target price of Pirelli by 1.2€ on average. The average price objective stand now at € 10.9 with 84% of the coverage with positive recommendations ( € 12.8 the average target price of new publications after Investor Day).


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PEERS & MARKETS

The week from July 15 to 19 was a positive one for the major European Markets following the good macroeconomic newsflow (Milan +4.5%, London +1.3%, Frankfurt +1.4%, +1.8% Paris, Madrid +1.3%). In the semi-annual testimony to the Congress Fed Chairman Bernanke reassured markets on the continuation of a highly accommodative economic policy: a slowdown in liquidity injections will take place only in case of strong acceleration in the U.S. economy. Positive signals also came from the European Central Bank that were expanding the list of assets accepted as a collateral to make it easier to purchase bonds from countries in difficulty.

Another positive week for European Auto&Parts sector (+2.6%) pending the full start of the reporting season for the second quarter 2013. The index ended the week with the best sector performance YTD: +17.7%, +10.5 percentage points versus the Stoxx 600. European tyre stocks was also up after positive data on market in June that confirmed the good performance of Emerging Markets and an ongoing stabilization in Europe.

Pirelli ended the week at € 9.54, up 10.9% compared to last week with an average daily trading volume of about 3.3 million pieces. In addition to the positive indications that emerged from the data of the tire market in June (in particular the strong performance of Brazil), the stock’s performance reflected the upgrade by JP Morgan to Overweight (from Neutral) and the increase of target price to 12 € (9.5 € ).

The consensus target price therefore stands at € 9.70 with 45% coverage of the recommendation with “Buy”.


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