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Pirelli&C


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Italy - Factors to watch on March 25

Italy - Factors to watch on March 25 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy estimates a deficit-to-GDP ratio this year broadly in line with its 4.3% goal set in September, Economy Minister Giancarlo Giorgetti said on Saturday, adding the government will cut its 2024 growth tar
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Ashtead Group, Convatec Group, Glencore

EUROPE RESEARCH ROUNDUP-Ashtead Group, Convatec Group, Glencore March 7 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Ashtead Group, Convatec Group and Glencore, on Thursday. HIGHLIGHTS * Ashtead Group Plc AHT.L : Jefferies cuts target price to 6,150p from 6,750p * Convatec Group Plc CTEC.L : JP Morgan raises target price to 323p from 300p * Glencore GLEN.L : Jefferies raises target price to 470p from 430p * Man Group Plc EMG.L :
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Italy - Factors to watch on March 7

Italy - Factors to watch on March 7 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY OECD releases February composite leading indicator data (1100 GMT).
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Italy - Factors to watch on March 7

Italy - Factors to watch on March 7 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY OECD releases February composite leading indicator data (1100 GMT).
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Pirelli assessing Sinochem role as controlling investor

BRIEF-Pirelli assessing Sinochem role as controlling investor March 6 (Reuters) - Pirelli Executive Chairman Marco Tronchetti Porvera tells analysts: FOLLOWING ITALY'S GOLDEN POWER RULING, BOARD OF STATUTORY AUDITORS, MANAGERS STARTED ANALYSIS TO ASSESS WHETHER SINOCHEM CAN STILL BE CONSIDERED IN CONTROL OF THE COMPANY Further company coverage: PIR
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Pirelli sees M&A opportunities in bio-based and recycled materials, connectivity

BRIEF-Pirelli sees M&A opportunities in bio-based and recycled materials, connectivity March 6 (Reuters) - Pirelli Chief Executive Andrea Casaluci tells analysts: ON ONGOING ANTITRUST INVESTIGATION ON PRICE FIXING: WE ARE CONFIDENT WE ALWAYS ACTED FOLLOWING RULES, NOT ONLY IN EUROPE BUT EVERYWHERE WE HAVE PROVIDED FULL TRANSPARENCY AND ACCESS TO IN
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Pirelli aims to meet 90% of finished product demand through local production by 2025

BRIEF-Pirelli aims to meet 90% of finished product demand through local production by 2025 March 6 (Reuters) - Pirelli Chief Executive Andrea Casaluci tells analysts in a call on full-year results and business plan update: CO AIMS TO MEET AROUND 90% OF FINISHED PRODUCT DEMAND THROUGH LOCAL PRODUCTION IN 2025 WE SEE EFFICIENCIES WORTH AROUND 370 MIL
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Pirelli to focus on new materials, connectivity for future M&A strategy

UPDATE 2-Pirelli to focus on new materials, connectivity for future M&A strategy Sees 6.8-7 bln euro revenue in 2025 vs 6.65 bln in 2023 Guided for 2025 adj EBIT margin at 16% vs 15.1% in 2023 To pay 0.198 euro/shr dividend, down from 0.218 euros Adj EBIT rose 2.5% last year to 1.002 bln euros Recasts after analyst presentation MILAN, March 6 (Reuters) - Italy's Pirelli PIRC.MI sees M&A opportunities in new materials and connectivity, its CEO said on Wednesday as the company updated its business
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Pirelli Sees 2025 Adj. EBIT Margin At Around 16%

BRIEF-Pirelli Sees 2025 Adj. EBIT Margin At Around 16% March 6 (Reuters) - Pirelli & C SpA PIRC.MI : PIRELLI: INDUSTRIAL PLAN UPDATE 2024-25 E BUDGET 2024 SEES NFP/ADJUSTED EBITDA IN 2024 BETWEEN AROUND 1.32X AND AROUND 1.26X, IN 2025AROUND 1.0X SEES 2025 REVENUE AROUND EUR 6.8-7.0 BILLION SEES 2024 REVENUE BETWEEN ABOUT 6.6-6.8 BILLION, EBIT MARGI
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Pirelli says operating profit rose 2.5% last year, shares erase gains

Pirelli says operating profit rose 2.5% last year, shares erase gains MILAN, March 6 (Reuters) - Italian tyre-maker Pirelli PIRC.MI said on Wednesday its operating profit rose slightly last year, as pricing power and product mix helped offset effects of higher inflation and raw material costs. The Italian company said adjusted earnings margin before interest and tax (EBIT) grew 2.5% last year to 1.002 billion euros ($1.09 billion), broadly matching a 991 million euro analyst consensus provided b
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Pirelli FY Adj. EBIT At EUR 1 Bln

REFILE-BRIEF-Pirelli FY Adj. EBIT At EUR 1 Bln Fixes typo in headline March 6 (Reuters) - Pirelli & C SpA PIRC.MI : FY REVENUE EUR 6.65 BILLION VERSUS EUR 6.63 BILLION IN COMPANY-PROVIDED CONSENSUS FY NET INCOME EUR 495.9 MILLION VERSUS EUR 480 MILLION IN COMPANY-PROVIDED CONSENSUS FY ADJUSTED. EBIT EUR 1,002 MILLION VERSUS EUR 991 MILLION IN COMPA
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Italy - Factors to watch on March 6

Italy - Factors to watch on March 6 The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . (*) ECONOMY Italy's energy transition is building on a myriad of solar panels mounted on roofs, but the country has installed far fewer large plants than its neighbours, data seen by Reuters show, signalling hurdl
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Italy - Factors to watch on March 4

Italy - Factors to watch on March 4 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS An Italian navy ship shot down a drone flying towards it in the Red Sea on Saturday, the defence ministry said.
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Italy's Prysmian shares gain after earnings, cash flows rise

UPDATE 3-Italy's Prysmian shares gain after earnings, cash flows rise Generated cash for 724 mln euros in 2023, up 29.5% Sees 2024 adj. EBITDA between 1.575-1.675 bln euros Cash flows seen between 675-775 mln euros in 2024 Order backlog at record 18 bln euros in transmission Proposes dividend of 0.70 euros per share, up 16.7% Adds details about CEO Battista future role in the company in paragraph 7 MILAN, Feb 29 (Reuters) - Prysmian PRY.MI said on Thursday its core earnings and cash generation r
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Italy to March 31

DIARY - Italy to March 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. TUESDAY FEBRUARY 27 ECB releases January data on Italian banks domestic government bond holdings (0900 GMT). Treasury sells 2.5 billion euros 12-month BOT bills due Sept. 13, 2024 and 2.5 billion euros 12-month BOT bills due Oct.
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Italy to March 31

DIARY - Italy to March 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. SATURDAY FEBRUARY 24 Italy chairs G7 leaders videoconference on Ukraine, with President Volodymir Zelenskiy . Economy Minister Giancarlo Giorgetti attends informal ECOFIN meeting in Gand (Belgium). Rome, Forza Italia party ends congress (0800 GMT); on Saturday expected attendees include European Parliament President Roberta Metsola (1615 GMT).
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Italy to March 31

DIARY - Italy to March 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. THURSDAY FEBRUARY 22 ISTAT releases January CPI final data (0900 GMT). Treasury announces sale of 6-month BOT bills, with relative amounts to be auctioned on Feb. 27. Rome, Senate holds question time session with Industry Minister Adolfo Urso (1400 GMT).
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HSBC sees more upside in weak mid-term volume growth outlook for tyre makers

BUZZ-HSBC sees more upside in weak mid-term volume growth outlook for tyre makers ** According to HSBC, the weak outlook on mid-term volume growth limits European tyre makers' profit expansion, but carries more possibilities for the stocks to gain than for their prices to fall ** Low market stocks will help tyre makers maintain pricing in spite of
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Airbus, Pirelli, Shell

EUROPE RESEARCH ROUNDUP-Airbus, Pirelli, Shell Feb 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Airbus, Pirelli and Shell on Monday. HIGHLIGHTS * Airbus SE AIR.PA : JP Morgan cuts target price to EUR 195 from EUR 200 * F-Secure Oyj FSECURE.HE : Inderes cuts to accumulate from buy * Pirelli & C SpA PIRC.MI : HSBC cuts to hold from buy * SSE SSE.L : Jefferies raises to buy from hold * Shell Plc SHEL.L : Berenberg cuts target pr
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Italy - Factors to watch on Feb. 19

Italy - Factors to watch on Feb. 19 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Italian Prime Minister Giorgia Meloni said on Friday the death of Russian opposition leader Alexei Navalny was " disturbing ", adding that it served as a warning to the rest of the world.
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