Four-Year Summary of Selected Consolidated Financial Data

FOUR-YEAR SUMMARY OF SELECTED CONSOLIDATED FINANCIAL DATA - IAS / IFRS (in millions of Euros)

2007

2006

2005

2004

Net sales

6,505

4,841

4,546

3,967

Net sales (excluding DGAG) *

5,209

4,841

4,546

3,967

Gross operating profit

581

614

568

470

Operating profit

367

401

355

269

Operating profit (Loss) includ. Earnings (Losses) from investments

562

1,192

622

425

Total income (Loss)

323

(1,049)

399

304

Income (Loss) attributable to the equity holders of Pirelli & C. S.p.A.

165

(1,167)

327

251

Earnings per share (in Euros)

0.03

(0.22)

0.07

0.07

Fixed assets

3,815

6,924

7,629

6,097

Net working capital

298

463

(53)

466

Net invested capital

4,113

7,387

7,576

6,563

Equity

3,804

4,687

5,614

3,841

Provisions

611

720

785

1,121

Net financial (liquidity)/debt position

(302)

1,980

1,177

1,601

Equity attributable to the equity holders of Pirelli & C. S.p.A.

2,980

3,880

5,205

3,502

Equity per share (in Euros)

0.56

0.72

0.98

1.01

Free cash flow

299

317

343

287

R&D expenditures

173

171

174

171

Depreciation

214

201

197

182

Capital expenditures

287

255

234

211

Gross operating profit / Net sales *

8.93%

12.68%

12.49%

11.85%

Operating profit / Net sales * - ros

5.64%

8.28%

7.81%

6.78%

Income / Equity **- ROE

7.61%

(20.37%)

7.38%

5.77%

Operating profit / Net invested capital **- ROI

6.38%

5.36%

5.02%

4.13%

Operating profit (post-investments) / Net invested capital

9.77%

15.93%

8.80%

6.52%

Net financial position / Equity - Gearing ratio

n.s.

0.42

0.21

0.42

Capital expenditures / Depreciation

1.34

1.27

1.19

1.16

R&D expenditures / Net sales *

3.32%

3.53%

3.83%

4.31%

Net sales * per employee (in thousands of Euros)

169

172

173

162

Pirelli & C. S.p.A. Ordinary Shares (no. in millions)

5,233.1

5,233.1

5,180.7

3,327.5

Pirelli & C. S.p.A. Savings Shares (no. in millions)

134.8

134.8

134.8

134.8

Total Pirelli & C. S.p.A. Shares (no. in millions)

5,367.9

5,367.9

5,315.5

3,462.3

Treasury Shares (no. in millions)

2.6

2.6

2.6

2.6

Factories

24

24

24

74

of which discontinued operations

-

-

-

52

Employees (at 12/31)

30,813

28,617

26,827

24,790

of which temporary employees

3,632

3,479

3,102

2,721

* On net sales exluding DGAG

** Average amounts