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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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MAJOR RECOGNITION FOR PIRELLI BRAND IN PEKING

Pirelli China receives the Best Enterprise Brand Image Award

Last Wednesday (20 June) Pirelli was presented with a prestigious prize in Peking: it was the 2012 Best Enterprise Brand Image Award at the summit on finance, one of the most important business events of the year.

China’s growing economic strength was the main theme of the event, which focused on four key elements: green, innovation, reputation and development. During the summit, the results were discussed of the great improvements that have been made in China as a protagonist, with the spotlight on the progress of the green economy, innovation of businesses and sustainable development.

In this context, Pirelli has taken great steps forward in reinforcing the notoriety of its brand, as it has with its reputation, partly as a result of its involvement in motor sport sponsorship and our marketing activity.

Factors which have made a tremendous contribution to China’s economic development.

Categories: Innovation Pirelli


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PEERS & MARKETS

The main European stock Exchanges were up in the week from the 4th to 8th of June 2012 (+5.5% Milan, Frankfurt +1.3%, London +2.6%, +3.4% Paris). The market sentiment benefitted from the statements of the ECB Governor about the availability of the Institution to provide unlimited liquidity to the banking sector through January 2013. Trading was also supported by the successful auction of Spanish Bonos (7 June, demand exceeding supply 3.3 times) and by the cutting of interest rates in China to 3.25% from the previous 3.50% (first cut since 2008 ).

The newsflow about monetary policies pushed Bank stocks. The European Sector Index was up 7%.

After a weak start due to fears of macroeconomic downturn, the Auto & Parts sector recovered to a final +0.6% (Stoxx Auto).

Pirelli ended the week at €7,965, 2.8pp better than the sector. Just over 2.8 million the average daily trading volume.


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PEERS & MARKETS

European stock markets were down in the week from 19th to 23d March 2012 (-3.5% Milan, London -1.9%, -2.3% Frankfurt, Paris -3.3%). Market sentiment was affected by the renewed fears of a weakening Chinese economy.

An increase in fuel prices operated by the government in Beijing (the second in the last 6 weeks) plus a warning on estimates of the auto market by Chinese producers’ association (probably less than 5% growth), weighted on the Auto&Parts sector, which was down by 4.7% in Europe.

Pirelli closed the week at € 8.83 (-1.8%) with an average daily traded volumes of approximately 5 million. Goldman Sachs (Buy, € 14.3) and Citi (Buy, TP € 10.5 from € 8.5) renewed the positive view on the stock indicating Pirelli as one of the few companies in the sector with room for upside in spite of the recent rally. The consensus target price now stands at € 9.85 with 91% of coverage with positive recommendations.


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