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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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PEERS & MARKETS

The week from June, 17 to 21 was a difficult one for major European stock markets (Milan -5.6%, -3% London, Paris -3.9%, -4.2% Frankfurt, Madrid -4.6%) driven downwards – after the first positive sessions – by the Governor of the Federal Reserve words: due to some signs of improvement in the U.S. economy, Quantitative Easing in the U.S. will be gradually reduced and ended during next year. The news caused a broad sell-off on the markets that struck indiscriminately all sectors.

Bank shares was among the most affected (Stoxx Bank -5.2%) together with European Auto&Parts stocks (-7.1% Stoxx Auto), following poor data on European registrations in May (-5.9% yoy, the smallest since 1993 ) and profit taking after one of the best sector performance year to date (+8.3% YTD last week).

Pirelli ended the week in line with the main Tyre peers at € 8,875 (-4.3%) with an average trading volume of about 2.7 million pieces.

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PEERS & MARKETS

The week from February 11th to 15th was mixed for major international stock markets (Milan -0.8%, London +1.0%, Frankfurt -0.8%, Paris +0.3%). The expectations for the outcome of the G20 meeting in Moscow (global currency balance the main topic on the agenda) and the not-encouraging data of fourth quarter GDP in Italy, France and Germany (all down QoQ and lower than expected) feed the uncertainty and volatility in the markets.

European Auto&Parts sector was down after previous week’s positive performance (-1.6% Stoxx Auto, +4.4% YTD). Among the major OEMs Renault and Peugeot were in countertendency after 4Q FY-2012 results above analysts’ expectations: +6.7% and +10.4%, respectively, the weekly return.

European tyre sector was also mixed. Pirelli ended at € 8.71 (-2.4%, +1.1% Continental, Michelin -6.5%). Low activity on the stock with an average daily trading volume of approximately 1.9 million shares (-30% vs. the average of the last 3 months). In the last quarter, the stock gained 6.2% in line with the performance of the Milan Stock Exchange.


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PEERS & MARKETS

The week from 26 to 30 November 2012 was a positive one for major European markets (Milan +1.1%, London +0.8%, Frankfurt +1.3%, Paris +0.8%) thanks to the agreement on economic aid package for Greece: Eurozone Finance ministers have given the go-ahead to 34.4 billion euro to the Greek Government. The positive environment was also supported by European macroeconomic data as the Germany labour data and Economic Sentiment Index in Europe resulted better than expected in November.

Auto&Parts sector was also up by 3.1%, despite the not-encouraging data on European Commercial Vehicles registrations in November: compared to the same month of 2011 there was a decline of 9.4% to 147,000 units.

Pirelli ended the week at € 8.92 up by 5.3% with an average daily trading volume of about 1.8 million. The stock, with a YTD performance of 37.1% is still one of the top 10 blue chip in Milan Stock Exchange with a performance year-to-date vs FTSE Mib Index of +32.4 percentage points.

Categories: Pirelli Pirelli Tyre


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