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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

In the week from the 25th to the 29th of August the main European stock markets have showed a positive trend (Milan +2.7%, Frankfurt +1.4%, Paris +3.0%, Madrid +2.2%).

Investors reacted positively to the Mario Draghi speech of the 22nd of August about a possible BCE decision of launching a quantitative easing policy, similar to the USA one. The latter is aimed at stimulating the European economy which is currently at risk of stagnation. The second quarter GDP data of the three main countries are not positive, compared to the previous ones, Germany -0.2%, France +0.0% and Italy -0.2% (technically in recession being the second negative quarter consecutive).    

Pirelli shares close the week at 11.63 (+1,8%) with average volumes of 1.8 million shares per day (last 3 month average: 2.1) outperforming European peers (Continental -0.5%, Michelin +2.0% and Nokian -3.7%)

 Consensus target stands at 12.93 €/share with 86% of analysts advising to Buy or Hold the shares.


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PIRELLI TYRE RECEIVES AWARD IN THE DAY OF RESEARCH

imprese X innovazioneOn the occasion of the VII Day of Research, an awards ceremony took place for the 2009 Award for Business Innovations won last June by Pirelli Tyre, together with Datalogic and Whirlpool Europe, in the ‘large corporations’ category “for the major contribution of innovation to business results, achieved through the integration of concepts and instruments of innovation into the daily activities of personnel at all levels of the organisation”.
 The awards scheme, launched by Confindustria (the Confederation of Italian Industry) in collaboration with APQI – Associazione Premio Qualità Italia (the Quality Award Association of Italy) and a number of experts of the sector, has as its objective to make known and diffuse organisational and strategic models oriented toward growth through innovation.


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THE NEW CORPORATE ORGANIZATIONAL STRUCTURE GETS UNDERWAY

pirelli logo

Coherently with the strategy and the objectives of the 2009-2011 industrial plan that focuses on the core business, Pirelli simplifies its own organizational structure by grouping all activities directly supporting the core business under a new “Tyre and parts” Department, whose responsibility is entrusted to Francesco Gori, CEO and Managing Director of Pirelli Tyre. The reorganization will entail a significant downsizing of corporate level structures, leading to a minimum saving of 10 million euros per year, expected from 2010. The new “Tyre and Parts” Department groups the operational activities needed to develop the core business: tyres (Pirelli Tyre) and filters (Pirelli Eco Technology), thus ensuring one single management of corporate processes. In fact, the Department will incorporate the activities of Purchasing, Administration an Control, Pirelli Labs, Advertising and Events, Human Resources, Healt Safety & Environment (which also reports to the Group General Counsel), and the Service Centers for information technology and administratives activities.
In line with the focus on industrial activities, the reorganization includes the closing the Operation Department, headed by Claudio De Conto who will now focus his activity, as CEO Finance, on Pirelli Real Estate. Together with Giulio Malfatto – the other CEO of Pirelli RE – Claudio De Conto will continue to manage the turnaround process, which has been successfully pursued so far.
Therefore all lines of business (“Tyres and Parts“, Real Estate, Environment, Pzero fashion and Broadband Solutions), as well as typical institutional activities will report directly to the Chairman, Marco Tronchetti Provera.

 


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