Pirelli : A differentiating profile underpinned by a better than expected Q2
>Q2 21% above expectations (EBIT/FCF), 2022 outlook raised - Yesterday, Pirelli published Q2 2022 results that were largely above expectations (+21% on EBIT and FCF), confirming the tyremaker’s solid positioning in the current inflationary context (price/mix again at +20.4% like in Q1, alone covering 1.2x of the additional raw material/inflation costs and more than offsetting the slight 0.6% decline in volumes). After this solid performance which contrasts with the le...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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