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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The week from January 14 to 18 was another mixed one for major international stock markets (Milan +0.3%, London +0.5%, Frankfurt -0.2%, Paris +1.0%) due to the macroeconomic newsflow: positive data from U.S. (decrease in jobless claims, increase in construction sites in December) and Euro area (stable unemployment rate in December) provided an initial impetus to the markets but were then mitigated by data on U.S. consumer confidence in January lower than expected (71.3p vs previous month 72.9 p ; 75 p expected).

After the previous week negative performance, European Auto&Parts sector was back to growth (+1.5% Stoxx Auto & Parts) although 2012 car registrations figures in Europe have shown the lowest since 1995 (about 12 million cars with more pronounced declines in Italy, France and Spain). The index has benefited in particular from the Fiat (+10.2% after trade agreements with Mazda and production forecasts in China) and the Renault performance (+8.6%) which provided a positive view on 2013 mainly due to the improvement of positioning in emerging markets.

Pirelli ended the week at € 9,375 (+2.9%) outperform the sector and FTSE Mib index with an average traded volumes of about 2.7 million units. In addition to Bank of America Merrill Lynch report through wich has reinstate the coverage on Pirelli with a “Buy”recommendation and a Target Price of € 5.11, the stock has also benefited from the inclusion in the UBS “most preferred stock list” (Buy , TP € 10). Pirelli stock benefited also from the Shareholders Agreement renewal (until April 15, 2014) which controls 45.5% of the share capital of Pirelli with a consequent easing of concerns about stock overhang risks.

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