Outlook for the current year

In 2009, a further improvement in revenues from rents and asset sales is forecast for about Euros 1 billion; Pirelli RE will benefit for its share of that amount.

The company will focus on a turnaround for 2009, unless other adverse changes occur in the reference market. The target is an operating profit (EBIT), including earnings (losses) from investments which is in line with the Three-year Plan thanks to actions taken to reduce costs, the sale of part of the non-performing loan portfolios and the start of a strategic partnership for the SGR.