Shareholders and Financial Community


"In its relations with all classes of shareholders, with institutional and private investors, financial analysts, market operators and, in general, with the financial community, the Pirelli Group is fully transparent, complies with the requirements of accuracy, timeliness, and equal access, and aims to ensure that a proper valuation of Group assets can be made."
(Ethical Code – "Shareholders, Investors and the Financial Community")

Pirelli attributes strategic importance to financial communication, considering it a key tool for building a trust-based relationship with the markets. Accuracy, timeliness, equality and transparency are the basic rules that Pirelli applies to its financial disclosures. Through top management and the Investor Relations Department, the Group maintains an open and transparent dialogue with analysts and investors – both individuals and institutional investors – in view of promoting fair valuation of its assets.

Financial communication in 2013 aimed to reinforcing dialogue with the Group’s principal stakeholders: from institutional investors – who now represent 47.5% of the share capital – to individual shareholders (10% of the share capital), bond holders and financial analysts.

In 2013, financial communication was characterized by the presentation to the Financial Community of the Industrial Plan 2013-2017 which provides several sustainability targets which are added to the achievement of the global leadership in the Premium segment by 2015. This is the highly profitable, high-end tyre segment.

The roadshow and meeting activities, together with growing investor interest in the specific details of the Pirelli equity story in the Tyre Business, has led to the growing internationalisation of the shareholder base.

At December 31, 2013 foreign institutional investors represented 43% of ordinary share capital (36% in November 2013, 27% at December 31, 2011).

Pirelli dedicates attention to relations with the ratings agencies that specialize in sustainable finance. Specific roadshows are held with Socially Responsible Investors in the principal world financial centers.

For more information, please go to the specific section of the website.



Last Revised: 25 Jul 2014