Consolidated Financial Position

Pirelli in figuresPirelli in figures (1,54 MB)

Net Cash Flow generation before dividends payment in 1H14 was 190 million euro, almost doubled as compared with 1H13.

The result was mainly achieved through:

  • An improvement of Net Working Capital, as we cashed-in the Winter sales booked in 1Q;
  • Reduction of Inventory.

Therefore our Net Financial Position (at the end of June) amounts to ˜1.9 billion euro, in line with full year target of 1.2 billion euro, which implies a high cash generation in the second half, in line with the seasonality of the business.

Pirelli 1H 2014 Posizione Finanziaria Netta

Last Revised: 08 Aug 2014