Pirelli & C SpA, holding company for tyre and property businesses using the same name, has posted first quarter net profits of EUR1.1m on revenues of EUR1.04bn.
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EBIT was EUR46.8m. Tyre unit revenues totalled EUR926.9m.
In a statement, the company said the Q1 results were in line with 2009-11 industrial plan and forecast 2009 revenues at around EUR4.3bn and margin of 4.5-5.0%.
