52 Week Range
As of on the Italian SE (Mercato Continuo Italia) ∙ Minimum 15 minute delay
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Pirelli General Manager Co-CEO Angelos Papadimitriou To Step Down
Pirelli To Offer EUR 500 Mln Unsecured Guaranteed Equity-Linked Zero Coupon Bonds Due 2025
Pirelli sees signs of price increases, expects positive news ahead
Pirelli & C SpA is an Italy-based company. It is a tire player. The Company is the global player focused on the consumer tire market, which includes tiers for cars, motorcycles and bicycles. The tire activity consists of two main segments: the Consumer segment focuses on tires for consumer cars, motor vehicles, sports utility vehicles (SUVs), light commercial vehicles and motorcycles; and the Industrial segment, manufacturing tires for buses, heavy trucks and agricultural machinery. Its products are used by car maker partners such as Bentley, Aston Martin and Porsche, among others. Through its subsidiaries Pirelli & C. Eco Technology SpA, Pirelli & C. Ambiente SpA and PZero Srl, it is active in emissions control technologies, renewable energy sources and fashion. In addition, Pirelli & C SpA focuses on the partnerships with car and motorcycle manufacturers, technological innovation and wide portfolio of performance and customized products.
Viale Piero e Alberto Pirelli n. 25
Non-Executive Chairman of the Board
Marco Tronchetti Provera
Chief Executive Officer, Executive Vice-Chairman
Chief Financial Officer, Executive Vice President
Chief Human Resource Officer and Organization Officer, Executive Vice President
Executive Vice President, Chief Planning and Controlling Officer
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Pirelli said on Wednesday its General Manager and co-Chief Executive Angelos Papadimitriou would leave the Italian tyremaker in coming weeks after just six months in the job.
Kitted out more like fighter jet pilots than sailors, three crews from Britain, Italy and the United States begin a series of dog fights this week to claim the Prada Cup in New Zealand.
Italian tyremaker Pirelli <PIRC.MI> on Wednesday lost an appeal against a European Union cartel ruling after Europe's highest court rejected its argument that it should not bear liability for its former subsidiary and cartel member Prysmian <PRY.MI>.
When the coronavirus pandemic forced Italian tyremaker Pirelli <PIRC.MI> to temporarily shut its factories in March, R&D chief Pierangelo Misani needed a rapid rethink.
* Pirelli sees cash flow of 190 mln-220 mln euros this year (Adds details, CEO quotes form analyst call)
Italian brake maker Brembo said on Wednesday it would not buy additional shares in tyremaker Pirelli after increasing its stake to almost 5%.
Pirelli CEO Marco Tronchetti Provera will propose Angelos Papadimitrou, the current head of packaging machines maker Coesia, as general manager and co-CEO under succession plans due to be completed by 2023, the group said on Wednesday.
* COVID-19 SEROLOGICAL TESTS AVAILABLE TO EMPLOYEES IN ITALY FROM NEXT WEEK Source text for Eikon: Further company coverage: (Gdansk Newsroom)
Italian tyre-maker Pirelli <PIRC.MI> said it would take its worst hit from the COVID-19 crisis in the current quarter after reporting a 36% drop in first-quarter operating profit.
Pirelli Chief Executive Marco Tronchetti Provera says:
* Q1 ADJUSTED EBIT EUR 141.1 MILLION VERSUS EUR 128 MILLION IN COMPANY-PROVIDED CONSENSUS
Italian tyre-maker Pirelli said on Wednesday its operating profit fell 36% in the first quarter of the year as the global industry had been "significantly" hit by the COVID-19 emergency and by consequent lockdown measures.
* AT SETTIMO TORINESE PLANT PRODUCTION LEVELS WILL BE REDUCED IN LIGHT OF LOWER DEMAND
Italian tyremaker Pirelli said on Friday it was scrapping its 2019 dividend and cutting forecasts for this year, in response to the deterioration of the global economic outlook following the coronavirus outbreak.
Italian tyremaker Pirelli said on Friday it was scrapping its 2019 dividend and cutting forecasts for this year, in response to the deterioration of global economic outlook following the new coronavirus outbreak.
* FURTHER COST CUTS AND LOWER INVESTMENT TO PROTECT PROFITABILITY AND CASH FLOW
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Pirelli CEO Marco Tronchetti Provera moved on Wednesday to bolster his influence over the Italian tyremaker with the help of a Chinese partner, and said there were no plans to merge with brake maker Brembo .
Pirelli investor Camfin said on Wednesday it was discussing a partnership with China's Niu family to create a venture that could potentially hold 10% of the Italian tyremaker.
The Pirelli chief executive said on Wednesday he did not see Brembo's recent decision to buy a stake in the tyre maker as a hostile move and added that he was happy about the brakes maker's investment.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.