Sustainability Channel

The Faces of the Company on Display at Settimo Torinese

Workers, engineers, managers, and researchers are the stars of the company’s efforts. People who create, sell and innovate in order to manufacture the products of today and tomorrow.

It is to them that the photography exhibit ‘Workers’ is dedicated. The exhibit was organised by the Pirelli Foundation and depicts the entrepreneurial and technological soul of Pirelli’s Settimo Torinese facilities through the faces of the men and women who work there. Seventy faces will be on display from 12 September to 10 October at La Giardinera, Settimo Torinese, faces that show intelligence, energy and skill, as well as pride in the good work they do for Pirelli.

Workers
The history and future of Pirelli in Settimo Torinese in the faces of those who make it
A Pirelli Foundation project
Photos by Carlo Furgeri Gilbert

La Giardinera, via Italia, 90 bis – Settimo Torinese
Thursday & Friday, 3pm to 7pm
Saturday & Sunday, 10am to 12 noon / 3pm to 7pm
Admission is free
www.fondazionepirelli.org

Team for Kids: Steelcord managers enter the ward

Make the paediatrics neuromotor department of the Slatina Hospital in Romania more efficient and comfortable. That is the objective of Team for Kids, three days in a ward of 21 Pirelli managers of the Steelcord BU, today renamed Pirelli Wire Technologies, who are involved in an intense programme of restoration and restructuring activities in aid of children aged from 1 to 10 years old admitted to residential or day hospital.

 Between 7-9 July, the team installed new wardrobes, painted walls, distributed toys and visibly contributed to the rebirth of the department which, until today, was in a deteriorating condition. This result, achieved due to the substantial commitment of each member of the Steelcord team, demonstrating great harmony and coordination, will be integrated with a donation from the BU of important medical equipment for children. 

The project, which is part of a broader programme of cooperation begun in 2008 between the Pirelli Group and the Slatina Hospital, is also a new training method adopted by Pirelli with the support of Impact Italia, a company specialist in the development of people. The CAP – Community Action programme – methodology is, in fact, founded on the attribution of a social usefulness to team building, with the objective of fostering leadership in a more conscious and integrated way with the values of the Group.

“Social responsibility is an integral part of Pirelli’s strategy throughout the world and Pirelli Wire Technologies is motivated to make a small concrete contribution to Slatina”, declared Carlo Costa, head of the Business Unit. “To our benefit, helping those who are much worse off than us permits us to relativise our point of view and to break down barriers that daily competition inevitably creates”.

“We are very pleased with the results achieved by the project as an innovative method of team building for our managers, but especially with the transformation of image and the atmosphere in the department through a mix of activities”, said Fabrizio Filippucci, director general, Cord Romania. “So we have made a useful contribution to the Slatina Hospital and the city’s entire community, to which the Pirelli Group now feels it is an integral part”.

First quarter shows significant improvement

The Board of Directors of Pirelli & C. SpA approves financial statements as of 31 March 2010 and approves plan for separation of Pirelli RE 

THE BOARD OF DIRECTORS OF PIRELLI & C. SPA APPROVES FINANCIAL STATEMENTS AS OF 31 MARCH 2010: 

FIRST QUARTER SHOWS SIGNIFICANT IMPROVEMENT

• THANKS TO THE GOOD PERFORMANCE OF PIRELLI TYRE, 2010 GROUP REVENUE TARGET RAISED, NOW FORECAST BETWEEN 4.9 AND 5 BILLION EUROS COMPARED WITH 4.7-4.8 BILLION EUROS PREVIOUSLY FORECAST, WITH EBIT OF AT LEAST 6.5%;

NET FINANCIAL POSITION TARGET CONFIRMED NEGATIVE FOR 700 MILLION EUROS 

• PIRELLI TYRE: 2010 REVENUE TARGET RAISED, FORECAST TO GROW MORE THAN 10% COMPARED WITH +6%/+8% FORECAST PREVIOUSLY;

EBIT FLOOR IN ABSOLUTE VALUE AT LEAST IN LINE WITH PREVIOUS PROFITABILITY TARGET (320-330 MILLION EUROS) 

***

FINANCIAL RESULTS AS OF 31 MARCH 2010 

PIRELLI & C. SPA 

• REVENUES: 1,212.0 MILLION EUROS, +16.2%  COMPARED WITH 1,043.0 MILLION EUROS AS OF 31 MARCH 2009
• EBIT: 91.7 MILLION EUROS, DOUBLE (+95.9%) THE FIGURE OF 46.8 MILLION EUROS AS OF 31 MARCH 2009, UP TO 7.6% AS A PERCENTAGE OF REVENUES FROM 4.5 % 
• TOTAL CONSOLIDATED NET PROFIT: 38.9 MILLION EUROS (1.1 MILLION EUROS AS OF 31 MARCH 2009).  ATTRIBUTABLE CONSOLIDATED NET PROFIT: 39.2 MILLION EUROS (9.5 MILLION EUROS AS OF 31 MARCH 2009)
• NET FINANCIAL POSITION NEGATIVE FOR  678.4 MILLION EUROS (528.8 MILLION EUROS AT THE END OF 2009) 

PIRELLI TYRE

• REVENUES 1,110.0 MILLION EUROS, +19.8% COMPARED WITH 926.9 MILLION EUROS AS OF 31 MARCH 2009
  
• EBIT 95.5 MILLION EUROS, +66% COMPARED WITH 57.5 MILLION EUROS AS OF 31 MARCH 2009, UP TO 8.6% AS A PERCENTAGE OF REVENUES FROM 6.2%