Report
Anthony Dick ...
  • Michael Foundoukidis

Pirelli : Q2 2020 in line and FY guidance revision already factored in

>In line release, fairly reflecting the group’s strengths and weaknesses - Pirelli reported Q2 2020 earnings yesterday evening that were in line with expectations and which in our view were a pretty fair reflection of its strengths (ability to reduce costs, High Value exposure, cash management) and weaknesses (FX risk, high passenger tyre and OE exposure, standard tyres, Latam). As regards the outlook and in the face of a still uncertain, even more adverse, environme...
Underlying
Pirelli & C. S.p.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anthony Dick

Michael Foundoukidis

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