Pirelli : Focus on costs and FCF… what goes without saying is even better said!
>No surprises in the strategy but a clear focus on FCF at last - Pirelli’s CMD in Milan yesterday gave the management an opportunity to unveil its medium1eterm strategy. As we anticipated, the management emphasised at length a more pronounced cost savings program but also its ability to improve at last its FCF generation and therefore to deleverage, while pressing on with a commercial strategy still focused on the high value segment and therefore on technology. In view...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.