Pirelli & C SpA
MIL:PIRC

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Pirelli & C SpA
MIL:PIRC
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Price: 6.01 EUR -1.6%
Market Cap: 6B EUR

Pirelli & C SpA
Investor Relations

Pirelli & C SpA, a renowned name in the tire industry, has carved out a niche as one of the world’s leading tire manufacturers with a focus on the premium and prestige segments. Founded in 1872 in Milan, Italy, the company has a long-standing tradition of excellence and innovation. Over the decades, Pirelli has built a reputation for crafting high-quality tires that blend advanced technology with a commitment to performance and safety. The company's product portfolio extends beyond regular passenger car tires to include high-performance solutions for motorcycles, SUVs, and specialty vehicles, aligning with its strategic emphasis on the top end of the market. Pirelli combines an understanding of the road with a deep appreciation of automotive culture, which has led to partnerships with prestigious car manufacturers and involvement in motorsports, further enhancing its brand and innovative prowess.

In addition to producing high-performance tires, Pirelli generates revenue through various strategic avenues. The company stands out for its robust synergies between research and development and its marketing strategies, ensuring that each product launch is meticulously fine-tuned to meet consumer demand and trends. Pirelli continuously invests in cutting-edge technologies and sustainability initiatives, aiming to reduce environmental impact while enhancing tire efficiency and longevity. By leveraging its global presence and distribution network, Pirelli reaches customers in over 160 countries, bolstered by its retail and service network that supports both direct consumer sales and OEM agreements. This multifaceted approach enables Pirelli to capture a significant share of the global tire market while solidifying its position as an innovative leader in automotive solutions.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
May 14, 2025
AI Summary
Q1 2025

Revenue Growth: Pirelli reported Q1 2025 revenues of approximately EUR 1.8 billion, up 3.7% (or 4.7% organic growth) versus last year, outperforming key competitors.

Profitability: Adjusted EBIT rose to EUR 280 million, up 6.5% year-over-year, with a margin of 15.9%, the highest among Tier 1 peers.

Guidance Confirmed: Full-year 2025 targets were reaffirmed, including revenue of EUR 6.8–7 billion, EBIT margin around 16%, and net debt target of around EUR 1.6 billion.

Tariff Mitigation: Management sees current U.S. tariffs as a manageable headwind, expecting a negative EBIT impact of EUR 25–30 million mitigated by cost cuts and inventory actions, with guidance to the low end if tariffs persist.

High Value Focus: High Value segment now represents 81% of group sales, up 4 points year-on-year, supporting strong price/mix improvements.

Net Income & Cash Flow: Net income jumped 27% to EUR 127 million, while seasonal cash absorption was EUR 697 million, in line with last year.

Market Share Gains: Pirelli gained roughly 1 point in U.S. OE market share and 0.5 points in replacement in Q1.

EV & Tech Leadership: Pirelli strengthened its position as a leader in electric vehicle tires and launched new technologically advanced products.

Key Financials
Revenue
EUR 1.8 billion
Adjusted EBIT
EUR 280 million
EBIT Margin
15.9%
Net Income
EUR 127 million
Net Financial Position
EUR -2.6 billion
Net Cash Flow Before Dividends
EUR -697 million
Cash Absorption Before Dividends
EUR 697 million
High Value Share of Group Sales
81%
Price/Mix
3.9%
CapEx
EUR 420 million (2025 plan)
Efficiency Gains
EUR 25 million
Plant Saturation
91%
Liquidity Margin
EUR 2.5 billion
Gross Debt
EUR 3.86 billion
Cost of Debt
4.96%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Fabio Bocchio
Chief Financial Officer
No Bio Available
Mr. Pierangelo Misani
Chief Technical Officer
No Bio Available
Mr. Maurizio Sala
Executive Vice President of Administration & Operational Improvement
No Bio Available
Dr. Valeria Leone
Senior VP of Investor Relations, Competitive & Business Insight
No Bio Available
Mr. Maurizio Abet
Senior VP of Communication
No Bio Available
Mr. Davide Sala
Executive VP and Chief Human Resources & Organization Officer
No Bio Available
Mr. Roberto Righi
Executive Vice President of Commercial Replacement, Moto, Velo & Customer Racing and Region Europe
No Bio Available
Francesco Sala
Executive Vice President of Technical Operations
No Bio Available
Pierluigi De Cancellis
Executive Vice President of Technology
No Bio Available
Mario Isola
Head of Car Racing
No Bio Available

Contacts

Address
MILANO
Milan
Viale Piero e Alberto Pirelli n. 25
Contacts
+390264421.0
www.pirelli.com