Pirelli confirms the targets for the year 2014 as announced in May 2014.

Applying a constant perimeter of consolidation, we expect:

  • Consolidated revenues of approx. 6.2 billion euro, confirming a growth of almost 1%
  • Total volume growth >+4.5% (>+5% previous target), while the expectations for Premium growth are above 16% (>+14% previous target)
  • Improved Price/Mix confirmed between +4% and +5%
  • Lower negative impact from foreign exchange rates (∼ -8.5%/∼-9.5% versus previously indicated ∼ -9%/∼-10%)
  • Ebit at approximately 850 million euro after restructuring costs of 50 million euro;
  • Investments below 400 million euro;
  • Cash generation before dividends above 250 million euro;
  • Net financial position negative at approximately 1.2 billion euro



Last Revised: 06 Aug 2014