PIRC.MI
Latest Trade
3.71EURChange
-0.08(-2.01%)Volume
2,786,641Today's Range
-
3.7652 Week Range
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5.94As of on the Italian SE (Mercato Continuo Italia) ∙ Minimum 15 minute delay
Previous Close | 3.78 |
|---|---|
Open | 3.75 |
Volume | 2,786,641 |
3M AVG Volume | 70.01 |
Today's High | 3.76 |
Today's Low | 3.67 |
52 Week High | 5.94 |
52 Week Low | 3.04 |
Shares Out (MIL) | 1,000.00 |
Market Cap (MIL) | 3,715.00 |
Forward P/E | 13.89 |
Dividend (Yield %) | -- |
Pirelli investor Camfin signs JV accord with China's Niu family
Pirelli CEO says merger with Brembo not on the agenda, always ready to study options
China's Longmarch to have potential stake in Pirelli of up to 7.68%
Pirelli & C SpA is an Italy-based company. It is a tire player. The Company is the global player focused on the consumer tire market, which includes tiers for cars, motorcycles and bicycles. The tire activity consists of two main segments: the Consumer segment focuses on tires for consumer cars, motor vehicles, sports utility vehicles (SUVs), light commercial vehicles and motorcycles; and the Industrial segment, manufacturing tires for buses, heavy trucks and agricultural machinery. Its products are used by car maker partners such as Bentley, Aston Martin and Porsche, among others. Through its subsidiaries Pirelli & C. Eco Technology SpA, Pirelli & C. Ambiente SpA and PZero Srl, it is active in emissions control technologies, renewable energy sources and fashion. In addition, Pirelli & C SpA focuses on the partnerships with car and motorcycle manufacturers, technological innovation and wide portfolio of performance and customized products.
Industry
Tires
Executive Leadership
Ning Gaoning
Non-Executive Chairman of the Board
Marco Tronchetti Provera
Chief Executive Officer, Executive Vice-Chairman
Francesco Tanzi
Chief Financial Officer, Executive Vice President
Davide Sala
Chief Human Resource Officer and Organization Officer, Executive Vice President
Maurizio Sala
Executive Vice President, Chief Planning and Controlling Officer
Price To Earnings (TTM) | 9.83 |
|---|---|
Price To Sales (TTM) | 0.73 |
Price To Book (MRQ) | 0.83 |
Price To Cash Flow (TTM) | 4.73 |
Total Debt To Equity (MRQ) | 123.94 |
LT Debt To Equity (MRQ) | 97.31 |
Return on Investment (TTM) | 3.76 |
Return on Equity (TTM) | 2.97 |
Italian tyre-maker Pirelli <PIRC.MI> said it would take its worst hit from the COVID-19 crisis in the current quarter after reporting a 36% drop in first-quarter operating profit.
Italian tyre-maker Pirelli said on Wednesday its operating profit fell 36% in the first quarter of the year as the global industry had been "significantly" hit by the COVID-19 emergency and by consequent lockdown measures.
Italian tyremaker Pirelli said on Friday it was scrapping its 2019 dividend and cutting forecasts for this year, in response to the deterioration of the global economic outlook following the coronavirus outbreak.
Italian tyremaker Pirelli said on Friday it was scrapping its 2019 dividend and cutting forecasts for this year, in response to the deterioration of global economic outlook following the new coronavirus outbreak.
Breakingviews has launched a daily column covering pandemic-related insights that you might have missed. Throughout the day, we’ll bring you shorter-than-usual views from columnists around the world with the same financial savvy on companies, economies and capital markets...
Pirelli CEO Marco Tronchetti Provera moved on Wednesday to bolster his influence over the Italian tyremaker with the help of a Chinese partner, and said there were no plans to merge with brake maker Brembo .
Pirelli investor Camfin said on Wednesday it was discussing a partnership with China's Niu family to create a venture that could potentially hold 10% of the Italian tyremaker.
The Pirelli chief executive said on Wednesday he did not see Brembo's recent decision to buy a stake in the tyre maker as a hostile move and added that he was happy about the brakes maker's investment.
Pirelli investor Camfin said on Wednesday it was looking at a possible partnership to develop private equity activities in sectors including healthcare with Longmarch, the Luxembourg-based vehicle of China's Niu family.
Italy's Brembo <BRBI.MI>, which make brakes for Ferrari <RACE.MI>, Tesla <TSLA.O>, BMW <BMWG.DE> and Mercedes <DAIGn.DE> as well as several Formula One teams, has taken a small "long-term" stake in tyre maker Pirelli <PIRC.MI>.
Italian premium brake manufacturer Brembo said on Tuesday it held 2.43% of tyre maker Pirelli after deciding to buy a stake with "a non-speculative, long-term approach."
Italian premium brake manufacturer Brembo said on Tuesday it held 2.43% of tyre maker Pirelli after deciding to buy a stake with "a non-speculative, long-term approach."
Breakingviews has launched a daily column covering pandemic-related insights that you might have missed. Throughout the day, we’ll bring you shorter-than-usual views from columnists around the world with the same financial savvy on companies, economies and capital markets...
* SAID ON SUNDAY CO SUSPENDED PRODUCTION AT ITS ITALIAN FACTORIES IN SETTIMO TORINESE AND BOLLATE FOLLOWING LATEST DECREE ON COVID-19 CONTAINMENT
Pirelli SpA will temporarily interrupt production will interrupt production in its South American factories beginning March 23 due to the coronavirus pandemic, the company said in a statement on Friday.
Romanian carmaker Dacia, owned by France's Renault will stop production at its Mioveni plant on Thursday until April 5 due to the coronavirus outbreak, it said on Wednesday.
Italian tiremaker Pirelli <PIRC.MI> will focus on its premium products and cost-cutting measures to drive a gradual increase in core profit margins over the next two years.
Italian tyre-maker Pirelli on Wednesday said its core profit margins would rise to between 18 and 19% to 2022 from 17.2% last year as it seeks to focus on value added production and cut costs in its new industrial plan.
Italian tyre-maker Pirelli <PIRC.MI> on Tuesday cut its guidance on operating profit margin and cash flow, and said it would delay the presentation of its new business plan as it needed to work out stronger measures in a worsening market scenario.
Pirelli <PIRC.MI> shareholder Camfin said on Wednesday its board had renewed an authorisation to buy up to 5% of the tyre-maker's shares.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.