Pirelli : Expectations were high but Pirelli did not disappoint
>Q2 2021 better than expected and FY targets revised up - Even though expectations around tyre makers and notably Pirelli have increased significantly over recent weeks in the very favourable context (volumes, price-mix), Pirelli did not disappoint and has published Q2 2021 earnings that came in well above expectations (+12% on EBIT), confirming that the group also took full advantage of this environment. As such, apart from the rebound in volumes (+70%), we also not...Pirelli & Co. is a holding company that manages, coordinates and finances the operations of its subsidiaries, which are mainly active in the tyre sector. Other activities relate to the emissions control technologies, renewable energy sources and fashion industries. Co.'s Total Tyre Business is split into: the Consumer Business segment that includes car and motorcycle tyres made for both the original equipment and replacement markets; and the Industrial Business segment that includes truck tyres, tyres for agricultural equipment, made both for the original equipment and replacement markets, and the steel cord business.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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