Pirelli has won the ‘Country Award 2010′ for Italy, awarded in London by the important IR Magazine Europe to the best companies and professionals in investor relations.
The prize is based on the opinions of over 700 national and international investors and analysts. The other Italian companies shortlisted for the award were Azimut Holding, Fiat Group and Intesa San Paolo.
Following the recent half-yearly revision, Pirelli has been re-confirmed as part of FTSE Global and FTSE4Good Europe. 23 new companies became part of the Financial Times indexes for socially responsible investment , while five have been excluded.
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)
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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 FOR678.4 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%
Pirelli has won the ‘Country Award 2010′ for Italy, awarded in London by the important IR Magazine Europe to the best companies and professionals in investor relations.
The Board of Directors of Pirelli & C. SpA approves financial statements as of 31 March 2010 and approves plan for separation of Pirelli RE