Financial targets Pirelli & C
| PIRELLI & C. | TYRE |
The continuous focus on premium segment and higher exposure to the Rapidly Growing Economies (RDE) will allow Pirelli to achieve an average annual growth higher than 8% over the period 2011-2013 with profitability (Ebit margin) rising to between 10.5% and 11.5% in 2013.
Net financial position
Between the years 2010 and 2015 the cash generation will allow Pirelli to:
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- financing capex for 1.9 billion euros
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- cover financial charges and tax
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- grant a sound dividend policy (around 40% of 2011-2013 consolidated net profit)
At the end of 2015 Pirelli will be one of the players in the industry with lower debt, and a ratio Net Debt / EBITDA of around 0.6.
Last Revised: 08 Apr 2011