At the group level, the net result on 30 June 2011 was 158.8 million euros, more than double the 77 million for the first six months of 2010 on a like for like basis (before “discontinued operations”). For Pirelli Tyre in particular, the positive trend from the first quarter was confirmed in the second both in terms of sales, which increased by 18.7% to 2,760.9 million euros in the six month period, and of profit, which improved by 2 percentage points to 11.3% compared to the 9.3% for the first half of 2010. In line with the development plan outlined in the industrial plan, the six month period saw a decisive increase in investments, totalling 234.1 million euros, up from 135.4 million euros. The net financial position on 30 June shows a negative of 778.9 million euros compared with the negative 712.8 million euros at the end of March 2010.

The Financial Times gives an in-depth review of the great return to Formula 1. Chairman Marco Tronchetti Provera explains that Bernie Ecclestone, head of Formula 1, had some specific requests, one being to develop tyres that deteriorate faster thereby guaranteeing even more exciting races. With a score of 73.88, Pirelli is in 31st place in the 2011 Global RepTrakTM100, the most influential annual study on the world's most reputable companies conducted by the Reputation Institute.

Lastly, Energy is launched at Autopromotec, the new summer tyre for medium and small cars which guarantees safety and respect for the environment.
Great excitement at Vizzola Ticino for persons with disabilities. The meeting was held on Sunday, 22 May, at the Pirelli track in Vizzola Ticino and the main attraction was two powerful police vehicles which, together with many other supercars from Ferrari, Porsche and Lamborghini, brought smiles to the many people enjoying a sunny day.

First place for the new Pirelli Diablo Rosso II in the annual sports tyres comparison test conducted by the two prestigious German specialist leaders, Motorrad and PS. Pirelli's new Technological Centre at Settimo Torinese becomes an interesting case study and was discussed in Parliament on Tuesday, 19 April in Rome. The meeting took place in the context of the study “on the validity of the Expense and Support Policies to Underutilized Areas” currently underway at the V Permanent Commission “Treasury Report and Scheduling”.

Pirelli will invest 300 million euros in China over the next three years to meet the growing demand of the world's largest automobile market.

In the extraordinary session the Meeting, lastly, deliberated on modifying the Articles of Association in order to include in the statutory text certain options provided for by legislation at the time when the European Community directive regarding the rights of shareholders of listed companies (so-called Shareholders’ Rights Directive)was implemented in Italy.

In a world in which resources are becoming ever more scarce and the population ever more numerous, the common objective must be sustainable growth. The most recent example of an innovative product from the point of view of reduced energy consumption is the brand new Cinturato P1, launched by Pirelli in March.
In the first official tests, the Cinturato P1 made its mark immediately in terms of fuel savings and reduced noise. Still under the “green” profile, thanks to the 15% weight reduction and innovative technological solutions, the new tyre reduces rolling resistance by up to 25% which, in terms of consumption and polluting emissions, means a saving of up to 5%.

For the tenth consecutive year, Pirelli finds itself in the indices of socially responsible investments by the Financial Times, that is in the FTSE4Good – FTSE Global and FTSE4Good Europe.

In the six-month review of the indices that measure corporate performance in terms of compliance with international standards of economic, social and environmental responsibility, Pirelli is the only Italian company in the Automobile&Parts sector.
Furthermore, for the first time, the FTSE Group has prepared an overall rating for the 2,400 companies included in the index. Pirelli was given a score of 97 on a scale of 1 to 100.

Pirelli is the Italian company with the best corporate governance. This has been confirmed by the World Finance Award 2011, the prestigious international recognition, which has selected the leading companies in the fields of corporate governance and management of financial management since 2007.

The shareholding structure of GWM Renewable Energy II (Gwm Re II), the vehicle which controls the renewable energy activities of the GWM Group, is strengthened. Pirelli Ambiente, through its subsidiary Solar Utility, takes a 16.87% stake in the organization and the Intesa Sanpaolo Group takes a 12.5% stake. GWM Renewable Energy I will hold the remaining 70.63%.
The third edition of the educational project promoted by Pirelli Tyres Romania has ended. The initiative, made possible thanks to the support of the Municipality of Slatina, FC Internazionale and volunteers from Onlus Comunità Nuova Italia, was greatly appreciated by the children, who spent two days of total entertainment.

The Chairman of Pirelli, Marco Tronchetti Provera, and the Managing Director of Pirelli Tyre, Francesco Gori, met on Wednesday 30 March, with the President of Mexico, Felipe Calderon, in his residence in Mexico City. On the agenda was the project recently started by Pirelli to build the Group's first factory in the country.

In fact, in Guanajuato, a factory will be constructed for the production of High Performance and Ultra High Performance tyres for cars and light commercial vehicles destined for the internal market and especially for export to markets in the Nafta area (North American Free Trade Area), in particular the USA.
The new Pirelli tyre, Cinturato P1, for small and medium vehicles will be available on the European spare parts market by the end of 2011 and will be launched also in Latin America and Asia, in sizes 14 to 16.

In Brazil Pirelli launches a new initiative on behalf of local communities and the environment. It is called “Cineco”, which means ecological cinema, and is a project that intends to promote the spread of the cinematographic culture by combing art and ecology.

For the celebration of the 150 years of the Unification of Italy, the President of the Republic, Giorgio Napolitano, and his wife Clio, visited the Pirelli factory at Settimo Torinese where they were enthusiastically welcomed by the employees attending the event.
Pirelli is among the top 10 Italian companies that recorded the highest rates of shareholder profit in 2010. This appears in the study by the Boston Consulting Group (BCG), world leader in consulting on business strategies.

Pirelli is the first tyre supplier to win the prestigious John Deere Award, granted only to those suppliers who over time (5 years) have offered excellence in product and service. Pirelli Agro Brasil has in fact won, for the fifth consecutive year, the World Award for Excellence as the best supplier.
The three schools of Balladère and Anse-à-Pitre, rebuilt thanks to funds raised by Pirelli and its employees, are ready and the 4,000 children are already sitting back at their desks.

The Board of Directors of Pirelli & C. SpA has reviewed and approved the draft financial statements for the 2010 financial year, which closed with decisively increased operating results, higher than the targets announced on 14 October 2010, which had already repeatedly improved during the year.

Pirelli has been declared, for the fourth consecutive year, the Leader in sustainability at the world level in the “Autoparts and Tyres” Sector and by the Gold Class Company in the prestigious Sustainability Yearbook 2011, edited by SAM Group in cooperation with Pricewaterhouse Coopers.

The payment date is 27 May 2010 ( dividend to shareholders registered on 24 May 2010). The Annual Financial Statement of Pirelli & C. SpA including the financial statement of the Company and the consolidated financial statement at 31 December 2009 as well as the additional documentation required by the current legislation, is available to the public on the website www.pirelli.com, at the registered office in Milan (Viale Piero e Alberto Pirelli 25) and at Borsa Italian SpA.

American drivers prefer Pirelli tyres for their sports cars. To confirm this is the study conducted by "Original Equipment Tire Satisfaction Index Study” of JD Power & Associates, which every year verifies the general level of satisfaction of drivers based on four parameters: wear, appearance, traction/handling and driving. In 2010, Pirelli comes in at first place and wins the JD Power & Associates Award, for the “Performance Sport” category, recognised by the American consumer as an important indicator of quality and performance.

2010 for Pirelli starts with an award that comes from Japan. Autobacs, historical Japanese dealer of spare parts and automotive accessories with branches all over the world, recognised Pirelli as “ best tyre supplier”. The three components that Pirelli was able to put into the field: the significant contribution to sales in 2009, the success of P4 Four Season and the effective team work between headquarters, Pirelli China and Pirelli Japan. The award ceremony was held on 7 January in Tokyo.

The Group continues its commitment in the sector of Sustainability. Pirelli & C. enters in the index of ethical finance ECPI Ethical Index EMU, with the classification of company E. Capital Partners (ECPI), leader in socially responsible investments (SRI). The index includes the 150 companies with higher market capitalisation EMU (Economic and Monetary Union), which proved to be leaders in sustainability from the screening conducted in accordance with ESG (Environmental, Social, Governance) parameters for the assessment of the environmental risk, the social impact and the Corporate Governance organisation.
( http://www.borsaitaliana.it/speciali/finanza-etica/case-history/casehistory/ecpi.htm)

The 14th Edition of the Cairo ICT, the main trade show of the Middle East and North Africa on telecommunications and Information Technology, included the participation of Pirelli Broadband Solutions. The stand was also honoured by the visit of Minister Tarek Kamel, Egyptian Minister for Communications and Information Technology, who hoped that “dynamic players such as Pirelli Broadband Solutions would participate actively in the large development opportunities of the infrastructures and telecommunications services that Egypt offers". The PBS innovations, from the USB key for mobile access to the Internet and the set top box which combines the capacity of decoder (satellite, terrestrial digital, IPTV and Internet TV) with that of home multimedia centre for the management of personal content, thanks also to the Pirelli Epicentro TM software platform, generated great interest.

Pirelli is the tyre brand of the year also in Nigeria. The award ceremony of the Nigeria Auto Media Awards, the competition organised by the specialised press for the auto and transportation sector, took place in Lagos. For the tyre category, the title of “ Tyre Brand of the Year 2009” was awarded to Pirelli, active in Nigeria through the distributor, The Infinity Group, which with its sale and after sale network contributed to winning the award.

Pirelli Neumáticos España, S.A. starting today can count on the new Hub Logistico at the factory of Manresa ( Spain). The structure, operating since the beginning of the year, covers a total area of 27,000 m2 and includes a new 2,800 m2 warehouse and 19 loading and unloading docks. The site offers services to all the customers in Spain and Portugal and for all divisions (auto, truck and motorcycle), with a handling potential of over 250 tons per day.

The 2010 Edition of Daytona Prototype Rolex 24, the most prestigious endurance race of the Grand Am circuit, saw the victory of the innovative P Zero Racing, tyre slick without highly aromatic oils. The new slicks, tested a month earlier on the same track, showed consistency, endurance and speed, to the complete satisfaction of all the teams, for the third consecutive year all using exclusively Pirelli tyres. The race, marked by heavy rain and wind alternating with clear spells and better temperatures, also saw the new P Zero Racing tyres for rain in action which handled and passed the test of the 48th Daytona. “ We are proud of our organisation and the products that we design, develop and produce”, stated Tom Gravalos, Vice President of Marketing, Motorsport and Original Equipment Pirelli Tire North America. The Daytona Prototype Rolex 24 was won by car # 9 Action Express Porsche Riley, driven byJaoa Barbosa, Terry Borcheller, Ryan Dalziel and Mike Rockenfeller. The team ran 755 laps, an average of 111.930 mph, with a best lap time of 1:41.722 seconds. In total 22,500 laps and 80.100 miles, for a completely Pirelli Daytona.

2009 – Pirelli opens a new facility in Romania for the production of anti-particulate filters: an agreement for the manufacture of filters in China as well, is signed with the Chinese Group, Hixy, while an agreement is signed with Russian Technology for a tyre factory in the Russian region of Samara.
New products are launched in the auto sector (Cinturato P7), in the motorcycle sector (Diablo Rosso Corsa), and in the lorry sector (Regional).

Barcelona was the site selected by Pirelli for the introduction of Scorpion Verde, the first high performance ecological tyre for SUV and Crossover. The result of the “ Green Performance” corporate strategy, Scorpion Verde guarantees an overall reduction in consumption of 3.9% on urban routes and 3.4% on mixed routes (town and out-of-town), reduces acoustic emissions by a decibel (equal to 30% overall and, in other words, is like cancelling an entire lane of a three-lane highway) and used 10% fewer raw materials. Of the last generation SUV and Crossovers, the VW Touareg has already chosen it as original equipment.

The Board of Directors of Pirelli & C. SpA, which met today, reviewed and approved the draft financial statement for the 2009 financial year. The reorganisation, started in 2008 and continuing in 2009 to counteract the effects of the international crisis, has allowed the Pirelli Group to end the financial year with better results compared to the 2009 targets, which had already improved last November, at the time of the announcement of the third quarter results.
With reference to the group targets, we highlight:
Cinturato P7 and P6 is the leader of Green Performance. The tests conducted by ADAC, the most important and prestigious Automobile-Club of Germany and Europe, with over 19 million members, confirms this.
The results of the tests, distributed also through the Automobile Clubs of Austria and Switzerland (TCS and OAMTC), confirm that Pirelli Cinturato P7 is the best tyre in combining high performance, both on wet and dry surfaces, with low resistance to rolling, a higher kilometre return and reduced sound emissions. Similar results for the Cinturato P6 which not only beats them all in the tests, but is also – according to ADAC – the only tyre that can be included in the Green Performance field.