Pirelli : Premium positioning still robust
>Q2 a shade above expectations, driven by the mix and High Value strength - Pirelli's Q2 2024 earnings, reported yesterday, slightly beat expectations (+2% for adjusted EBIT), driven by volume growth and above all a robust price mix which more than offset the headwinds (FX notably). All told, H1 looks to further confirm the tyre maker’s good positioning and its capacity to benefit from still favourable momentum in the high value segment. Beyond this, the manufacturer...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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