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

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 30/10/2019 - Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) - EN

Fiat Chrysler Automobiles (O/P) - Peugeot (O/P): Confirm Merger Talks Unicaja Banco: Tier 2 10NC5 Bond Issue Santander (O/P) - 9M-19:  Revenues of €37.0bn (+2.8%) Deutsche Bank (U/P) - 9M-19: Net Loss of €4.1bn (vs Net Profit of €455m A Year Earlier) Pirelli (O/P) - 9M-19: EBITDA of €979m (+7.8%) Fresenius (M/P) - 9M-19: EBITDA of €4.5bn (+2.7%) Atos (O/P): Completes The Sale of Worldline and €500m Convertible Issue Stora Enso (O/P) - 9M-19: EBIT of €841m (-20.2%)

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 30/10/2019 - Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) - FR

Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) : Nouvelles discussions sur une fusion des deux groupes Unicaja Banco : Emission d'une obligation Tier 2 10NC5 Santander (Achat) - 9M-19 : PNB de €37,0 mds (+2,8%) Deutsche Bank (Vente) - 9M-19 : Perte nette de €4,1mds (RN de €455m un an avant) Pirelli (Achat) - 9M-19 : EBITDA de €979m (+7,8%) Fresenius (Conserver) - 9M-19 : EBITDA de €4,5 mds (+2,7%) Atos  (Achat) : Finalise la cession de Worldline et émission convertible de €500m Stora Enso (Achat) - 9M-19 : EBIT de €841m (-20...

Jean-Louis Sempé

INVEST SECURITIES - PIRELLI (NEUTRE vs ACHAT, OC 6,5€ vs 7,2€) : Marges sous pression, guidances 2019 abaissées

Alain William ...
  • Azza Khalfallah
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/22/2019

A return to top-line growth at the fixed and mobile activities, normalisation of net-adds, value-creating infrastructure deals, Iliad has gone to great pains to reinvent itself, enabling the group to restore an intrinsic value (target price € 180) that far outstrips its current share price. - ...

Aurelien Sivignon ...
  • Azza Khalfallah
  • Hana Maalej
  • Jerôme Bodin
  • Martial Descoutures
  • Michael Foundoukidis
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 10/22/2019

Factoring in management’s new roadmap (further buoyant growth in SOI wafers, ambitions to expand the substrate portfolio, major challenges around 5G, etc.), we are sticking to our Buy recommendation on the stock and raising our target price to € 120. - - ...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 30/10/2019 - Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) - EN

Fiat Chrysler Automobiles (O/P) - Peugeot (O/P): Confirm Merger Talks Unicaja Banco: Tier 2 10NC5 Bond Issue Santander (O/P) - 9M-19:  Revenues of €37.0bn (+2.8%) Deutsche Bank (U/P) - 9M-19: Net Loss of €4.1bn (vs Net Profit of €455m A Year Earlier) Pirelli (O/P) - 9M-19: EBITDA of €979m (+7.8%) Fresenius (M/P) - 9M-19: EBITDA of €4.5bn (+2.7%) Atos (O/P): Completes The Sale of Worldline and €500m Convertible Issue Stora Enso (O/P) - 9M-19: EBIT of €841m (-20.2%)

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 30/10/2019 - Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) - FR

Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) : Nouvelles discussions sur une fusion des deux groupes Unicaja Banco : Emission d'une obligation Tier 2 10NC5 Santander (Achat) - 9M-19 : PNB de €37,0 mds (+2,8%) Deutsche Bank (Vente) - 9M-19 : Perte nette de €4,1mds (RN de €455m un an avant) Pirelli (Achat) - 9M-19 : EBITDA de €979m (+7,8%) Fresenius (Conserver) - 9M-19 : EBITDA de €4,5 mds (+2,7%) Atos  (Achat) : Finalise la cession de Worldline et émission convertible de €500m Stora Enso (Achat) - 9M-19 : EBIT de €841m (-20...

Jean-Louis Sempé

INVEST SECURITIES - PIRELLI (NEUTRE vs ACHAT, OC 6,5€ vs 7,2€) : Marges sous pression, guidances 2019 abaissées

Alain William ...
  • Azza Khalfallah
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/22/2019

A return to top-line growth at the fixed and mobile activities, normalisation of net-adds, value-creating infrastructure deals, Iliad has gone to great pains to reinvent itself, enabling the group to restore an intrinsic value (target price € 180) that far outstrips its current share price. - ...

Alain William ...
  • Azza Khalfallah
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/10/2019

Retour à la croissance topline fixe et mobiles, normalisation des net adds, transaction infrastructures créatrices de valeur, Iliad s’est réinventé dans la douleur, de quoi renouer avec une valeur intrinsèque (OC 180 €) plus riche que le cours actuel. - ...

Michael Foundoukidis

ODDO : Q3 2019 Tyres Preview : weak volumes are still the main challenge

>More uncertainty in the tyre sector this quarter - Paradoxically and despite the environment being more resilient than in other automotive segments (carmakers and auto suppliers), tyremakers’ Q3 2019 releases are, probably, those for which uncertainty is the greatest within the sector. Indeed, in the face of less favourable momentum on volumes, a number of FY targets are under pressure. In this context, we remain cautiously optimistic regarding Michelin’s capaci...

Michael Foundoukidis

ODDO : Preview Pneus T3 2019 : la faiblesse des volumes reste l’enjeu principal

>L’incertitude davantage dans le pneu ce trimestre - Paradoxalement et malgré un environnement tout de même plus résilient que dans les autres segments de l’automobile (constructeurs et équipementiers), les publications T3 2019 des pneumaticiens sont, sans doute, celles où l’incertitude est la plus grande. En effet, face à un momentum volumes moins favorable, certains objectifs annuels pourraient être sous pression. Dans ce contexte, nous restons prudemment optim...

1 director bought

A director at Pirelli & C. Spa bought 50,000 shares at 5.125EUR and the significance rating of the trade was 77/100. 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 bo...

Aurelien Sivignon ...
  • Azza Khalfallah
  • Hana Maalej
  • Jerôme Bodin
  • Martial Descoutures
  • Michael Foundoukidis
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 10/22/2019

Factoring in management’s new roadmap (further buoyant growth in SOI wafers, ambitions to expand the substrate portfolio, major challenges around 5G, etc.), we are sticking to our Buy recommendation on the stock and raising our target price to € 120. - - ...

Aurelien Sivignon ...
  • Azza Khalfallah
  • Hana Maalej
  • Jerôme Bodin
  • Martial Descoutures
  • Michael Foundoukidis
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 22/10/2019

Saluant la nouvelle feuille de route des dirigeants (poursuite d’une croissance soutenue du SOI, ambitions affichées pour d’autres substrats, importants enjeux avec la 5G…), nous réitérons notre recommandation Achat (objectif relevé à 120 €). - - ...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/02/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 02/08/2019

...

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 – DETAILED COMMENTS 05/15/2019

...

Thanks to a better fundamental star rating, PIRELLI & C sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to PIRELLI & C (IT), active in the Tires industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date September 6, 2019, the closing price was EUR 5.13 and its expected value was estimated at EUR 4.93.

MarketLine Department

Carlisle Companies Inc - Strategy, SWOT and Corporate Finance Report

Carlisle Companies Inc - Strategy, SWOT and Corporate Finance Report Summary Carlisle Companies Inc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Carlisle Companies Inc (Carlisle) designs, manufactures and sells construction materials and industrial products. It manufactures roofing, rubber, polyvinyl chloride membrane and thermoplastic polyolefin. Carlisle a...

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Carlisle Companies Incorporated - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Carlisle Companies Incorporated Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Carlisle Companies Incorporated since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its...

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Apollo Tyres Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Apollo Tyres Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Apollo Tyres Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key H...

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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