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August 7, 2015

ITALY: Pirelli unveils H1 continuing operations net profit up 10% to EUR211m

Pirelli has posted half-year net profit for continuing operations up 10% to EUR211m (US$231m), with revenue of EUR3.2bn, up 6%.

Pirelli has posted half-year net profit for continuing operations up 10% to EUR211m (US$231m), with revenue of EUR3.2bn, up 6%.

EBIT was up 4.8% TO EUR447m, while EBIT margin before restructuring charges was 14.2%.

“Over the course of 2015 a further improvement of the consumer business is expected – thanks to the positive performance of the premium segment – which will compensate for the weakness of the Industrial seven business in emerging markets, particularly accentuated in the Latam area,” said a Pirelli statement.

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