Sustainability Channel

Sustainability Channel is the communication channel towards our stakeholders interested in Sustainable approach to the business.


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Pirelli-Volkswagen: a winning partnership

An annual supply of six million ultra-high performance (UHP) tyres for over 200 homologations with diameters ranging from 15 to 21 inches, plus another 250 under development to go into production in the coming years. A long list of prestige and premium models fitted with Pirelli tyres, and a global partnership which, for some time, has gone beyond the confines of Europe, having been established in Latin America, Mexico, China and has now expanded into Russia and the United States of America.

So for “commitment, competitiveness and the ability to innovate, with the development of self-sealing technology that underlines the company’s technological know-how and its ability to face future challenges” Pirelli has won the ‘Global Champion’ sector of the Volkswagen Group Awards, which are made by the car group each year to its best suppliers. Recognition of Pirelli excellence in global partnerships, product quality, competitiveness, project management and flexibility are the headings under which the award was made.

To testify to those qualities there are a lot of models fitted with Pirelli tyres – from the Porsche Carrera, Boxter, Cayenne and Panamera; the Lamborghini Aventador and Gallardo; the Bentley Continental GT and Flying Spur; the Audi A3, A4, A5, A6, A7, A8, Q3, Q7, RS5, RS6 and TT; the Volkswagen Tiguan, Touareg, Phaeton and Golf.

The presentation ceremony took place recently in Dresden. The award was received by Alberto Pirelli, the Group’s vice-president.

In the photo: the award ceremony with Francisco Javier Garcia Sanz, a board member of Volkswagen AG and head of procurement (left), Alberto Pirelli, vice-president of Pirelli (in the middle), Martin Winterkorn, chairman of the board of management of Volkswagen AG


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RCS MEDIAGROUP S.P.A. CAPITAL INCREASE

Pirelli & C. S.p.A. announces, with reference to the RCS Mediagroup S.p.A. (“RCS”) capital increase at present under way and following the announcement to the market made on June 21, 2013, that it has exercised a total of 5,757,493 option rights attached to shares bound to the RCS Shareholder Lock-up and Consultation Agreement (the “Agreement”) and sold on the market 105,696 option rights attached to the remaining RCS shares held but not bound to the Agreement.

In the event that the RCS capital increase is fully subscribed, the percentage of RCS ordinary shares held by Pirelli & C. S.p.A., calculated against the fully diluted ordinary capital of RCS post increase, would be about 5.3%.

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The first quarter of 2013

The Board of Directors today approved intermediate results for the three months ended 31 March 2013


PIRELLI & C. SPA BOARD APPROVES RESULTS FOR 3 MONTHS ENDED 31 MARCH 2013

PIRELLI & C. SPA

• REVENUES: 1,536.3 MILLION EURO (-1.3% COMPARED WITH 1,556.5 MILLION EURO ON 31

MARCH 2012) – REVENUES GREW 3.6% NET OF EXCHANGE RATE EFFECT

• TOTAL VOLUMES +3.9%, WITH PREMIUM +4% AND INDUSTRIAL BUSINESS +11.7%

• EBIT 179.8 MILLION EURO (-15.5% COMPARED WITH 212.7 MILLION EURO ON 31 MARCH

2012), WITH AN EBIT MARGIN OF 11.7% (13.7% ON 31 MARCH 2012)

• NET PROFIT 72.1 MILLION EURO (-41.7% COMPARED WITH 123.6 MILLION ON 31 MARCH

2012)

• NET FINANCIAL POSITION NEGATIVE 1,680.2 MILLION EURO

(1,205.2 MILLION EURO ON 31 DECEMBER 2012)

TYRE ACTIVITIES

• REVENUES 1,526.7 MILLION EURO (-1% COMPARED WITH 1,542.6 ON 31 MARCH 2012) -

UP 3.9% NET OF EXCHANGE RATE EFFECT

• EBIT 185.6 MILLION EURO (-15.1% COMPARED WITH 218.5 MILLION EURO ON 31 MARCH

2012) WITH AN EBIT MARGIN OF 12.2% (14.2% ON 31 MARCH 2012)

• CONSUMER BUSINESS EBIT MARGIN 12.2% (16.1% ON 31 MARCH 2012)

• INDUSTRIAL BUSINESS EBIT MARGIN 12.1% (8.5% ON 31 MARCH 2012)

2013 TARGETS CONFIRMED

TOTAL EXPECTED REVENUES BETWEEN 6.3 BILLION EURO AND 6.4 BILLION EURO

CONSOLIDATED EBIT BETWEEN 810 MILLION EURO AND 850 MILLION EURO, WITH MARGIN IN LINE

WITH OR SLIGHTLY HIGHER THAN 2012

INVESTMENT APPROXIMATELY 400 MILION EURO

CASH GENERATION BEFORE DIVIDENDS POSITIVE AND ABOVE 200 MILLION EURO, EQUAL TO ABOUT 3% OF SALES

NET FINANCIAL POSITION BELOW 1.2 BILLION EURO BEFORE RECLASSIFICATION
OF PRELIOS CREDIT