Pirelli : Good start to the year
>Q1 slightly better than expected, full-year guidance confirmed - Pirelli's Q1 2024 results, reported yesterday, just beat expectations (+2% for adjusted EBIT), driven by volume growth and a robust price mix which more than offset the forex headwinds. This start to the year looks to further confirm the tyre maker’s good positioning and its capacity to benefit from still favourable momentum in the premium segment. The group also fully confirmed its full-year guidance, ...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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