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Pirelli & C. S.p.A. (PIRC.MI)

Milan - Milan Delayed price. Currency in EUR
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6.44-0.06 (-0.86%)
At close: 05:35PM CET
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  • Reuters

    Italy's Pirelli ups FY guidance after Q2 EBIT beats estimates

    Italian tyremaker Pirelli said on Thursday it would manage to offset increasing pressures from raw material costs in the second half, as it raised its full-year forecasts after posting higher-than-expected operating profits in the second quarter. Pirelli, the sole supplier of Formula One tyres, said it saw an overall impact this year from higher raw materials prices, which have been affecting manufacturers worldwide, worth 3% of its revenue. "For the second half, we are expecting a much higher headwind because we see costs rising month after month," Pirelli's chief planning and control officer, Fabio Bocchio, told analysts.

  • Reuters

    Pirelli launches world's first FSC-certified tyres for BMW's hybrid model

    Italian tyremaker Pirelli said on Wednesday it was producing the world's first FSC-certified range of tyres, which it designed for BMW's X5 xDrive45e plug-in hybrid model. The Forest Stewardship Council (FSC) is an international non-profit organisation which sets standards for environmentally responsible management of forests and certifying environmental policies. The new tyres contain FSC-certified natural rubber and rayon, Pirelli said in a statement, adding they will help achieve an increasingly sustainable tyre production.