Pirelli : Full-year trajectory confirmed
>Q1 topped expectations and outlook for the full year confirmed - Last night, Pirelli published Q1 2021 results that were above expectations (+6% on EBIT) but without any major surprises, as the main tyre makers had already communicated their performance at the beginning of the year. Apart from the rebound in volumes, we also note a solid price-mix, reflecting the rise in High Value (73% of sales in Q1, +3 pts vs Q1 2020) and the current strong discipline within the i...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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