Pirelli & C. S.p.A. (PIRC.MI)
| Previous close | 5.87 |
| Open | 5.86 |
| Bid | 5.83 x 0 |
| Ask | 5.83 x 0 |
| Day's range | 5.76 - 5.87 |
| 52-week range | 4.01 - 5.94 |
| Volume | |
| Avg. volume | 2,086,145 |
| Market cap | 5.816B |
| Beta (5Y monthly) | 1.32 |
| PE ratio (TTM) | 12.12 |
| EPS (TTM) | 0.48 |
| Earnings date | 09 May 2024 |
| Forward dividend & yield | 0.20 (3.37%) |
| Ex-dividend date | 24 Jun 2024 |
| 1y target est | 6.10 |
ReutersPirelli to focus on new materials, connectivity for future M&A strategy
MILAN (Reuters) -Italy's Pirelli sees M&A opportunities in new materials and connectivity, its CEO said on Wednesday as the company updated its business plan to 2025, focused on an effort to strengthen its leadership in high-value tyres. Chief Executive Andrea Casaluci told analysts Pirelli could accelerate its M&A strategy in the future. "This is opening up opportunities to increase the percentage of biobased and recycled materials, not only natural rubber".
ReutersPirelli rules out Saudi sovereign fund taking stake in company - exec
Saudi Arabia's Public Investment Fund (PIF) will not take a stake in Italy's Pirelli, the tyremaker's Executive Vice Chairman Marco Tronchetti Provera said on Tuesday. "It's what you see, there's nothing more," he said referring to Pirelli's joint venture with the Saudi sovereign wealth fund to build a tyre manufacturing facility in the Gulf country. "There isn't going to be anything else," Tronchetti Provera said when asked about a potential entry of PIF in Pirelli's shareholding.
ReutersPirelli sees FY operating profit at top end of forecast despite Q3 drop
Italian tyremaker Pirelli said on Thursday its operating profit would come in at the higher end of its forecast range this year despite slightly falling in the third quarter. The company said it now sees its margin on adjusted earnings before interest and tax (EBIT) at around 15%, versus a previous forecast of around 14.5-15.0%, thanks to improved pricing power. Pirelli, the sole provider of Formula 1 tyres, also nudged up its cash generation forecast range for this year.
