Revenues in the industrial segment are estimated to grow from an expected 1.68 billion Euros at the end of 2011 to 1.75 billion Euros at the end of 2012 and 1.89 billion Euros at the end of 2014, with an average annual increase of 4%. The EBIT margin for the segment will rise from around 9%, expected at the end of 2011, to 11-12% at the end of 2014.
2012 Target update
Volume expected to contract between -6.5% and -7% (previous target -5%/-6%), of which -4%/-4.5% for Radial products and -21% for conventional products (previous targets -3% and -20%, respectively).
Price/mix expected to improve by 6%, at the high end of the previous target range (+5%/+6%).
Revenue target revised to 1.63 billion euro (previous target approximately 1.7 billion euro).
Profitability (Ebit margin) expected higher than 11% of revenues (previous target approximately 11%).