Consolidated Financial Position

Pirelli in figuresPirelli in figures (2,02 MB)

The net financial position was negative 5,999.4 million euro. Following the merger between Marco Polo Industrial Holding and Pirelli – which became operational on June 1, 2016, with retroactive accounting effects from January 1, 2016 – the group’s net financial position includes 4.14 billion euro of debt contracted by Marco Polo Industrial Holding for the acquisition of Pirelli. On 31 December 2015 – excluding debt derived from the acquisition registered by Marco Polo Industrial Holding, the net financial position, including the Marco Polo Industrial Holding figure, was 5,331 million euro.

The net cash flow from operations improved, passing from -322.8 million euro in the first half of 2015 to -191.8 million euro in the first half of 2016, thanks to the solid management of working capital.

Total net cash flow – before dividends and the effects resulting from the merger of Marco Polo Industrial Holding - was negative 534.1 million euro, an improvement compared with -565.3 million euro in the first half of 2015.

Last Revised: 5 Aug 2016