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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 March 25 to 28 was a tough one for the main European stock exchanges: Milan -4.4%, London +0.3%, -1% Paris, Frankfurt -1.5%, -4.9% Madrid. Markets continued to be impacted by Cyprus financial crisis and by the political stalemate in Italy with a possible consequent risk of a Public Debt rating downgrade.

Auto & Parts sector stocks was also down (-2.5% Stoxx Auto) following the warnings on first quarter 2013 trend and the confirmation of the sector negative outlook by Moody’s: the agency has estimated a Light Vehicle demand in Europe down 5% in 2013.

Pirelli ended the week at € 8,185 (+0.9%) in contrast to the sector and the reference market with a daily average traded volumes of approximately 2.6 million pieces. The stock has benefited from the upgrade to Buy (from Hold) by Société Générale: according to the broker, after a period of transition in 2013 given the current market conditions, Pirelli is well positioned for a rebound in 2014.

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PEERS & MARKETS

Major european financial markets was down in the week from 18 and 22 March 2013 (Milan -0.1%, London -1.5%, Paris -1.9%, -1.6% Frankfurt, Madrid -3.4%) following the renewed fears  on Euro due to the Cyprus crisis.
Auto&Parts sector (-3% Stoxx Auto) was also weak in consideration of the uncertain outlook emerged from the reporting season and the car registrations data in Europe declined further in February (-10% yoy after -9% of January).
Pirelli ended the week at at € 8,115 (-3.3%) in line with peers and the sector with an average daily trading volume of about 2 million pieces.

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PEERS & MARKETS

The week between the 4th and 8th of March 2013 ended with an upswing of the major European Stock Exchange lists (Milan +4.3%, London +2.2%, Frankfurt 3.8%, Paris +3.5%, Madrid +4.6%). The economic and political uncertainties in the Eurozone seem to disappear in the background of international markets when contrasted with the will of Central Branks to continue supporting the economies with unconventional measures. Labour data from the U.S. are also positive – the unemployment rate down to 7.7% and the week’s requests for benefits to 340,000.

Positive the Auto&Parts Industry, after last week’s sales (+3.5% lo Stoxx Auto, +7.1% YTD). Amongst the main OEMs where purchases focused due to their weekly performance, Peugeot (+18.7%) and Renault (+11.2%), the latter having validated its competitive agreement with French Unions this week.

Mixed trends in the European Tyre Business: Michelin goes down (-0.9%), while Nokian is up (+1.7%). Continental is buoyant (+9.0%), after publishing its  FY12 results. Pirelli closes the week at 8.80 (+2.7%, +1.6% YTD).

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