Consolidated Financial Position

Pirelli in figuresPirelli in figures (1,23 MB)

The consolidated net financial position was negative €1,685.5 million (-€2,003.9 million on 30 September 2014 and -€979.6 million on 31 December 2014).

Net cash flow from operations improved in the third quarter: €97.1 million compared with €28.8 million for the same period in 2014, thanks to more efficient management of working capital and lower investment as already anticipated in the preceding quarters.
In the 9 months the net cash flow from operations was negative €225.7 million (-€141.2 million in the same period of 2014) and reflects the greater absorption of cash in the first quarter as a consequence of the growth of commercial credit in proportion to the performance of sales.

Total cash flow – before dividends and excluding the impact of the operations for the partial sale of steel-cord – in the first 9 months was negative €572.0 million (-€524.8 million on 30 September 2014). Total cash flow was negative €705.9 million (-€681.6 million on 30 September 2014).


Last Revised: 12 Nov 2015