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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

Peers&Markets 18.09.09Despite a profit-taking in the Auto & Parts sector (European Reference Index -1.6%), Pirelli reported an increase of 4.9% for week 14-18 of September, up to €0.378 (+6.5 percentage points compared to the European sector). Shares benefited from the restructuring plan announcement that will entail a significant downsizing of corporate structures, leading to minimum savings of 10 million euros per year, expected to take place from 2010.During this week, in consideration of lower corporate costs, six brokerage firms raised their expectations for Pirelli & C, approximately by € 5.5 cents, (Cheuvreux from €0.33 to €0.43, Equita from €0.33 to €0.37, Akros from €0.40 to €0.42, Banca Imi Nav from €0.43 to €0.47, Centrobanca from €0.37 to €0.43, Goldman Sachs from €0.32 to €0.38).

Positive trend also for Pirelli RE which closed the week with a rise of 6.1% overperforming the european real estate index by more than 2 pecentage point.

For further information: Investors > Peer & Markets.


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