Sustainability Channel

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


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‘O Homem, a Besta e a Virtude’ on stage

A tour of the Olhar Imaginàrio theatrical company sponsored by Pirelli began at Gravatai, Brazil, on 26 -27 May, when its members performed Pirandello’s ‘The Man, the Beast and the Virtue’  (O Homem, a Besta e a Virtude in Portuguese) before an audience of 1,200 people. The play is being staged by the company in a number of the country’s schools during the tour.

As a result of the collaboration of Pirelli, the play will be performed in the cities of Feira de Santana, Campinas and Santo André in which the company has factories, and where it is not often that young people are able to attend cultural initiatives of this kind.

Due to the commitment of Pirelli, students and teachers will be able to see the performances free of cost, together with the local communities who, by paying a symbolic price, can also enjoy the show.

In the play, one of the most representative of the Pirandello theatrical productions, the man is Professor Paolino, the beast is the violent and irascible Captain Perella and virtue is the remissive Mrs. Perella, the neglected wife of the captain and the professor’s lover. The Pirandello work, written in 1919 and performed for the first time in Milan that same year, is a satire about that society which, in appearance, accepts the common names but in secret violates them.


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Strong growth in Operating Results

The Board of Directors approves results for 3 months to 31 March 2011

ALL INDICATORS IMPROVED
CONSOLIDATED NET PROFIT MORE THAN DOUBLED
FURTHER INCREASE IN PROFITABILITY
2011 REVENUE TARGET RAISED

PIRELLI & C. SPA

  • REVENUES 1,400.9 MILLION EUROS, +23.4%  COMPARED WITH 1,135.0 MILLION EUROS ON 31 MARCH 2010

  • OPERATING RESULT  (EBIT) AFTER RESTRUCTURING CHARGES 143.3 MILLION EUROS  (+63.6% COMPARED WITH 87.6 MILLION EUROS ON 31 MARCH 2010),  WITH PROFITABILITY (EBIT/SALES) RISING TO 10.2% FROM 7.7%
  • TOTAL CONSOLIDATED NET PROFIT  81.4 MILLION EUROS, MORE THAN DOUBLE COMPARED WITH 38.9 MILLION EUROS ON 31 MARCH 2010;
    ATTRIBUTABLE CONSOLIDATED NET PROFIT 82.8 MILLION EUROS (39.2 MILLION EUROS ON 31 MARCH 2010)
  • NET FINANCIAL POSITION NEGATIVE 712.8 MILLION EUROS  (678.4 MILLION EUROS ON 31 MARCH 2010),  AFTER TOTAL INVESTMENT ALMOST DOUBLED TO 96.9 MILLION EUROS FROM 50.2 MILLION EUROS IN Q1 2010

PIRELLI TYRE

  • REVENUES 1,384.5 MILLION EUROS, +24.7% COMPARED WITH 1,100.0 MILLION EUROS ON 31 MARCH 2010

  • OPERATING RESULT (EBIT) AFTER RESTRUCTURING CHARGES 152.4 MILLION EUROS, +59.6% COMPARED WITH 95.5 MILLION EUROS ON 31 MARCH 2010;
    PROFITABILITY (EBIT/SALES) AT RECORD LEVEL OF 11% (8.6% IN Q1 2010)


2011 TARGETS

  • REVENUE TARGET REVISED FROM “ABOVE 5.55 BILLION EUROS” TO “ABOVE 5.85 BILLION EUROS”.  TAKES INTO ACCOUNT PRICE RISES TO OFFSET RAW MATERIAL COST INCREASES BEYOND INDUSTRIAL PLAN ESTIMATES

  • PROFITABILITY TARGETS CONFIRMED: EBIT MARGIN POST GROUP RESTRUCTURING COSTS BETWEEN 8.5% AND 9.5%, PIRELLI TYRE BETWEEN 9% AND 10%

INVESTMENT ABOVE 500 MILLION EUROS CONFIRMED AND NET FINANCIAL POSITION EXPECTED AT AROUND NEGATIVE 700 MILLION EUROS

PDF Version (76KB)


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Summer tyre tests, P Zero wins

A sweeping victory for P Zero in the summer tyre tests organised by the German motoring magazine Auto Zeitung, which this year put the products of 14 different manufacturers to the test in size 225/45 R 17.

In the six tests carried out in the wet, P Zero turned out to be unbeatable in braking from 100 kph, driving safety and handling and very good under aquaplaning. Commented the experts of Auto Zeitung, “The P ZERO shines in the wet with an incredibly high grip. It is the fastest and grippiest tyre and was also the best in the braking test”.

P Zero also convinced Auto Zeitung in the seven tests in the dry: “The Pirelli is among the absolute top and impresses with very high cornering speeds and directional stability”.

So the ultra-high performance Pirelli merited the accolade “highly recommended”, confirming its already acclaimed leadership on the world’s roads and Formula 1 circuits.