Pirelli & C

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.
  • TickerPIRC
  • ISINIT0005278236
  • SectorAutomobiles & Parts
  • CountryItaly

Analysts

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/15/2019

...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/05/2019

...

Michael Foundoukidis

Pirelli : Good resilience within the automotive sector

>Buy rating maintained after Q1 results that showed no surprises - Yesterday evening Pirelli published preliminary Q1 2019 results in line with the consensus, showing, as expected, a significant decline in volumes, offset by a high price-mix effect. All told, the downward revision to the sales guidance (EBIT/FCF maintained) is unlikely to come as a surprise and the consensus should remain relatively unchanged. We revise our estimates for adjusted EBIT down by ~2% to f...

Jean-Louis Sempé

INVESTSECURITIES - PIRELLI : Un T1 2019 solide, nos BNA 2019 maintenus

Michael Foundoukidis

Pirelli : Une résilience appréciable au sein du secteur automobile

>Opinion Achat maintenue après un T1 sans surprise - Pirelli a publié, hier soir, des résultats préliminaires T1 2019 en ligne avec le consensus et marqués, comme attendu, par un déclin significatif des volumes, compensé par un effet prix-mix très élevé. Au global, la révision en baisse de la guidance de CA (EBIT/FCF maintenus) ne devrait pas surprendre et le consensus rester relativement inchangé. Nous révisons nos estimations d’EBIT ajusté en baisse de ~2% afin d’in...

Michael Foundoukidis

Pirelli : Good resilience within the automotive sector

>Buy rating maintained after Q1 results that showed no surprises - Yesterday evening Pirelli published preliminary Q1 2019 results in line with the consensus, showing, as expected, a significant decline in volumes, offset by a high price-mix effect. All told, the downward revision to the sales guidance (EBIT/FCF maintained) is unlikely to come as a surprise and the consensus should remain relatively unchanged. We revise our estimates for adjusted EBIT down by ~2% to f...

Jean-Louis Sempé

INVESTSECURITIES - PIRELLI : Un T1 2019 solide, nos BNA 2019 maintenus

Michael Foundoukidis

Pirelli : Une résilience appréciable au sein du secteur automobile

>Opinion Achat maintenue après un T1 sans surprise - Pirelli a publié, hier soir, des résultats préliminaires T1 2019 en ligne avec le consensus et marqués, comme attendu, par un déclin significatif des volumes, compensé par un effet prix-mix très élevé. Au global, la révision en baisse de la guidance de CA (EBIT/FCF maintenus) ne devrait pas surprendre et le consensus rester relativement inchangé. Nous révisons nos estimations d’EBIT ajusté en baisse de ~2% afin d’in...

Michael Foundoukidis

ODDO : Brexit: auto parts makers in the firing line, tyre makers less affected

>Auto parts manufacturers amongst the hardest hit - As with carmakers, auto suppliers are likely to be in the front line in the event of a no-deal Brexit given the decline in automotive demand that we expect in this scenario (-15%e over 2 years) but also the significant flows to and from continental Europe, in terms of vehicles but most importantly components. The UK is, for example, the second-largest auto export market for Germany (~15%e of its export volumes),...

Michael Foundoukidis

ODDO : Brexit : équipementiers en première ligne, pneumaticiens moins touchés

>Les équipementiers parmi les plus touchés - A l’image des constructeurs automobiles, les équipementiers seraient également en première en ligne en cas de Brexit sans accord compte tenu du recul de la demande automobile que nous attendons dans ce scénario (-15%e sur 2 ans) mais aussi de l’importance des flux vers et depuis l’Europe continentale, à la fois de véhicules mais aussi et surtout de composants. Rappelons que le Royaume-Uni est, par exemple, le deuxième ...

1 director bought

A director at Pirelli & C. Spa bought 200,000 shares at 5.906EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/15/2019

...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/05/2019

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Jerôme Bodin
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/15/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Jerôme Bodin
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/11/2018

...

PIRELLI & C with less fundamental stars is reduced to Neutral

PIRELLI & C (IT), a company active in the Tires industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 7, 2019, the closing price was EUR 5.88 and its expected value was estimated at EUR 6.23.

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Carlisle Companies Inc - Strategy, SWOT and Corporate Finance Report

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Expert Corporate Governance Service (ECGS)

Pirelli - AGM 15 May 2019

The AGM is called to ratify the appointment of Mr. Ning Gaoning as non-executive Director (item 2.A) and Chairman of the Board of Directors (item 2.B). Mr. Ning is the Chairman of China National Chemical Corporation Limited (ChemChina), controlling shareholder of Pirelli with 45.5% of the share capital. We have concerns over the lack of independent representation on the Board (53% according to the Company's self-assessment, but 47% as per our guidelines), and we note that the Nominations Committee does not include any independent members and is chaired by the Company's CEO, which is not in acc...

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