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

In the week from the 25th to the 29th of August the main European stock markets have showed a positive trend (Milan +2.7%, Frankfurt +1.4%, Paris +3.0%, Madrid +2.2%).

Investors reacted positively to the Mario Draghi speech of the 22nd of August about a possible BCE decision of launching a quantitative easing policy, similar to the USA one. The latter is aimed at stimulating the European economy which is currently at risk of stagnation. The second quarter GDP data of the three main countries are not positive, compared to the previous ones, Germany -0.2%, France +0.0% and Italy -0.2% (technically in recession being the second negative quarter consecutive).    

Pirelli shares close the week at 11.63 (+1,8%) with average volumes of 1.8 million shares per day (last 3 month average: 2.1) outperforming European peers (Continental -0.5%, Michelin +2.0% and Nokian -3.7%)

 Consensus target stands at 12.93 €/share with 86% of analysts advising to Buy or Hold the shares.


Write a comment »

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

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


Write a comment »

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

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).


Write a comment »


1 - 3 of 60 for the category: Pirelli Tyre