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

Milan - Milan Delayed price. Currency in EUR
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6.17+0.08 (+1.38%)
At close: 05:35PM CEST
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Previous close6.09
Bid6.16 x 0
Ask6.16 x 0
Day's range6.03 - 6.18
52-week range4.01 - 6.31
Avg. volume1,926,450
Market cap6.17B
Beta (5Y monthly)1.30
PE ratio (TTM)13.41
EPS (TTM)0.46
Earnings date01 Aug 2024
Forward dividend & yield0.20 (3.21%)
Ex-dividend date24 Jun 2024
1y target est6.40
  • Reuters

    Pirelli 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".

  • Reuters

    Pirelli 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.

  • Reuters

    Pirelli 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.