Consolidated Financial Position
|Pirelli in figures (1,45 MB)|
The consolidated net financial position was negative 1,322.4 million euro, in line with the target of below 1.4 billion euro.
The total net cash flow, before the effects of the financial reorganization of Prelios and the parent group’s dividend payment, was positive 232.4 million euro, in line with the target of over 200 million euro.
The net financial position trend benefited from the strong cash generation in the fourth quarter of the year, approximately 650 million euro, in line with the seasonality of the business and due to an efficient management of working capital (positive impact of approximately 690 million euro).