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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

Major international stock markets ended the week in positive territory  (Milan +1.8%, London +1.2%, Frankfurt +1.3% and Paris +1.9%) reflecting positive macroeconomic newsflow: official rates near zero in Japan and unchanged for ECB (1%) with positive indications on the condition of global financial institutions from ECB and IMF. The European Auto & Parts sector increased by 1.1%.
Pirelli ends the week positively by 0.7% at € 5.995 after reaching new highs on October 7th (€6.05). The stock is once again confirmed as the best performer on the FTSE Mib +40.5pp YTD. Volumes in line with the last 3 months: 3.5 million trades. Unicredit reaffirmed its BUY recommendation on the stock, raising the TP to €6.6 (from €6.1). The positive turn in the sector and Pirelli’s strategic position compared to its peers, particularly on emerging markets, have led to a review on the companies forecasts: Ebit margin tyre 2010E 8.5% (Ebit € 397 mln ), 9% 2012E (Ebit € 449.7 mln ). Centrobanca confirms positive forecasts (TP €6.29, BUY recommendation) considering Pirelli as a least risky stock of the international sector.
Major European peers ended the week with a mixed result: Continental -0.6%, Nokian +1.7%. Michelin recovered partial losses (-15.05% from the previous day before the share capital increase announcement) ending the week with a +2.7% performance.
Pirelli RE continues its positive trend ending the week at 0.47 increased by 6.7%: remaining the only positive stock from the sector along with IGD (+8.3%)


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