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

Milan - Milan Delayed price. Currency in EUR
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4.5110-0.0030 (-0.07%)
At close: 05:35PM CEST
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Previous close4.5140
Open4.4440
Bid4.4400 x 0
Ask4.5700 x 0
Day's range4.3580 - 4.5110
52-week range3.9000 - 6.7300
Volume1,930,235
Avg. volume2,940,068
Market cap4.511B
Beta (5Y monthly)1.30
PE ratio (TTM)12.13
EPS (TTM)0.3720
Earnings date03 Aug 2022 - 08 Aug 2022
Forward dividend & yield0.16 (3.54%)
Ex-dividend date23 May 2022
1y target est6.04
  • Reuters

    Pirelli's shareholders indicate Bruno as new CEO, extend pact

    Pirelli investor Camfin said on Monday that it and fellow shareholder ChemChina have indicated Giorgio Luca Bruno, the Italian tyremaker's deputy chief executive officer, as the company's new CEO from the spring of next year. Camfin and ChemChina agreed that the current CEO, Marco Tronchetti Provera, would be the company's executive vice chairman from next year until the spring of 2026, Camfin said. Tronchetti Provera will guide Pirelli's strategy and oversee the implementation of its business plan as well as keeping the company's relationships with shareholders, institutions, investors and the media, Camfin said in a statement.

  • Reuters

    Pirelli moves to soften Ukraine impact as profits rise

    MILAN (Reuters) -Pirelli said on Tuesday it had sought alternative suppliers, increased stocks and shifted production since March to mitigate the impact of Russia's invasion of Ukraine. Russia, where the Italian tyremaker operates two plants, accounts for around 3% of Pirelli's revenues and around 11% of its total car tyre capacity, especially in the standard segment, with about half of that intended for export. Pirelli, which on Tuesday said its operating profit grew 35% in the first quarter, said previously it had halted investments in Russia, excluding those linked to security, and activities at its plants were being progressively limited and set just for the local market.

  • Reuters

    Continental restarts tyre making at Russian plant to protect workers

    German car parts supplier Continental AG has temporarily resumed tyre production for passenger cars at its Russian plant in Kaluga, it said on Tuesday, to protect local workers who could otherwise face criminal charges. Continental said the move was aimed at meeting local demand and in line with sanctions imposed on Moscow for its invasion of Ukraine, which Russia calls a "special military operation". "Our employees and managers in Russia face severe criminal consequences should we refrain from serving local demand," said Continental, adding that its products were made for civilian use as a matter of principle.