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Pirelli&C


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Italy to December 31

DIARY - Italy to December 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. SATURDAY DECEMBER 2 Dubai, 'COP 28' climate summit ends; Prime Minister Giorgia Meloni gives speech (1030 GMT). SUNDAY DECEMBER 3 Belgrade, Prime Minister Giorgia Meloni meets Serbian President Aleksandar Vucic (1200 GMT).
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Italy to December 31

DIARY - Italy to December 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. THURSDAY NOVEMBER 30 ISTAT releases October unemployment rate data (0900 GMT) and November CPI flash data (1000 GMT). Assogestioni releases October fund flows data ( 1000 GMT ). Rome, President Sergio Mattarella attends plenary session of Italian magistrates governing body (1000 GMT).
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Italy, Saudi Arabia discuss investments in automotive, mining, oil

Italy, Saudi Arabia discuss investments in automotive, mining, oil ROME, Nov 27 (Reuters) - Italy is discussing joint investments with Saudi Arabia in the automotive, mining, oil & gas, defence, hydrogen and space sectors, Industry Minister Adolfo Urso said on Monday. Since taking office in October 2022, Italian Prime Minister Giorgia Meloni has sought to forge closer ties with the Gulf, shrugging off the concerns of previous coalitions over human rights in the region.
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Italy to December 31

DIARY - Italy to December 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. SATURDAY NOVEMBER 25 Baveno, "Tourism International Forum" ends (0800 GMT); on Saturday expected attendees include Economy Minister Giancarlo Giorgetti (0800 GMT); Tourism Minister Daniela Garnero Santanche (0840 GMT); University and Research Minister Anna Maria Bernini (0920 GMT); Sport and Youth Minister Andrea Abodi, F1 Group Chairman and CEO Stefano Domenicali, "
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Italy to December 31

DIARY - Italy to December 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. THURSDAY NOVEMBER 16 ISTAT releases September foreign trade data (0900 GMT). Rome, Environment and Energy Security Minister Gilberto Pichetto Fratin speaks before Parliamentary Committee of Inquiry on illegal activities related to the waste cycle and other environmental and agribusiness offences (0730 GMT).
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Italy - Factors to watch on Nov. 10

Italy - Factors to watch on Nov. 10 The following factors could affect Italian markets on Friday. 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 Fitch rating agency scheduled review of Italy's sovereign debt rating.
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Pirelli sees no further price increases in Q4 for high-value tyre segment

BRIEF-Pirelli sees no further price increases in Q4 for high-value tyre segment Nov 9 (Reuters) - Pirelli top executives tell analysts in a post earnings call: CEO: CO SEES TYRE SALE VOLUMES TO FALL AROUND 2% THIS YEAR EXECUTIVE VICE CHAIRMAN: 2024 IS COVERED IN TERMS OF FUNDING, FOR 2025 WE HAVE DIFFERENT OPTIONS AND WE'LL WAIT FOR NEXT YEAR TO DE
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Pirelli sees FY operating profit at top end of forecast despite Q3 drop

UPDATE 1-Pirelli sees FY operating profit at top end of forecast despite Q3 drop Adds details, updated business plan postponed to 2024 MILAN, Nov 9 (Reuters) - Italian tyremaker Pirelli PIRC.MI said on Thursday its operating profit would come in at the higher end of its forecast range this year despite slightly falling in the third quarter. The company said it now sees its margin on adjusted earnings before interest and tax (EBIT) at around 15%, versus a previous forecast of around 14.5-15.0%, t
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Pirelli sees FY operating profit at top end of forecast despite Q3 drop

Pirelli sees FY operating profit at top end of forecast despite Q3 drop MILAN, Nov 9 (Reuters) - Tyremaker Pirelli PIRC.MI said on Thursday its operating profit would come in the higher end of its forecast range this year despite slightly falling in the third quarter. The Italian company said it now saw its margin on adjusted earnings margin before interest and tax (EBIT) at around 15%, versus a previous forecast of around 14.5-15.0%, thanks to an improved price mix.
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Pirelli Q3 Adj. EBIT Up To EUR 265.1 Mln

BRIEF-Pirelli Q3 Adj. EBIT Up To EUR 265.1 Mln Nov 9 (Reuters) - Pirelli & C SpA PIRC.MI : Q3 REVENUE EUR 1.72 BILLION VERSUS EUR 1.73 BILLION IN COMPANY-PROVIDED CONSENSUS Q3 ADJUSTED. EBIT EUR 265.1 MILLION VERSUS EUR 259 MILLION IN COMPANY-PROVIDED CONSENSUS Q3 NET PROFIT EUR 168.4 MILLION VERSUS EUR 134 MILLION IN COMPANY-PROVIDED CONSENSUS SEE
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Italy - Factors to watch on Nov. 9

Italy - Factors to watch on Nov. 9 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 . POLITICS Italy's Treasury has no plans to adopt measures impacting the country's 307 billion euro bad loan market , a ministry source said on Wednesday, after some ruling lawmakers resubmitted a measure to protect b
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Factors to watch - Oct 29

MIDEAST - Factors to watch - Oct 29 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Stocks drag despite tech lift as inflation lingers MKTS/GLOB * Oil prices up 3% on worries about Middle East supplies O/R * PRECIOUS-Gold gains 1% on MidEast risks, spotlight on Fed meet GOL/ * MIDEAST STOCKS-UAE shares mixed amid Mideast concerns, U.S.
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Italy's Pirelli to make tyres in Saudi Arabia with Saudi wealth fund

Italy's Pirelli to make tyres in Saudi Arabia with Saudi wealth fund Changes media identifier to PIRELLI-SAUDI ROME, Oct 26 (Reuters) - Italy's Pirelli PIRC.MI has signed a joint venture with Saudi Arabia's Public Investment Fund (PIF) to build a tyre manufacturing facility in the country, the two groups said on Thursday. The deal - for a total investment of $550 million - will make Pirelli the first tier 1 tyre maker to directly source production in Saudi Arabia, which is trying to diversify it
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Pirelli, PIF Announce JV To Establish Tire Manufacturing Plant In Saudi Arabia

BRIEF-Pirelli, PIF Announce JV To Establish Tire Manufacturing Plant In Saudi Arabia Oct 26 (Reuters) - Pirelli & C SpA PIRC.MI : PIF AND PIRELLI ANNOUNCE JOINT VENTURE TO ESTABLISH LEADING TIRE MANUFACTURING FACILITY IN SAUDI ARABIA PIRC.MI PIF WILL HOLD 75% STAKE IN JV, PIRELLI HOLDING REMAINING 25% AND ACTING AS STRATEGIC TECHNOLOGY PARTNER TOTA
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Michelin raises free cash flow guidance

Michelin raises free cash flow guidance Oct 24 (Reuters) - French tyre maker Michelin MICP.PA on Tuesday raised its full-year forecast for free cash flow before acquisitions to 2.3 billion euros ($2.4 billion) from 2 billion euros previously, Analysts currently expect the group's full-year free cash flow to reach 2.28 billion euros, according to a company-compiled consensus.
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Italy - Factors to watch on Oct. 13

Italy - Factors to watch on Oct. 13 The following factors could affect Italian markets on Friday. 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 anti-mafia author and human rights campaigner Roberto Saviano was on Thursday convicted of libel and handed a symbolic fine for calling Prime Minister Giorgia Meloni a "bastard" over her hardline vie
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Pirelli Confirmed Global Tyre Partner Of Formula 1 At Least Until 2027

BRIEF-Pirelli Confirmed Global Tyre Partner Of Formula 1 At Least Until 2027 Oct 10 (Reuters) - Pirelli & C SpA PIRC.MI : CONFIRMED GLOBAL TYRE PARTNER OF FORMULA 1 AT LEAST UNTIL 2027 Further company coverage: PIRC.MI Reporting by Gdansk Newsroom
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Motor racing-Pirelli to remain Formula One's tyre supplier until 2027

Motor racing-Pirelli to remain Formula One's tyre supplier until 2027 LONDON, Oct 10 (Reuters) - Pirelli will remain Formula One's sole tyre supplier until at least 2027 after reaching agreement with the governing body FIA, all parties announced on Tuesday. Pirelli said there was also an option, from the FIA and Formula One Management, to extend the partnership for a further season.
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Motor racing-FIA imposes lap limit on Qatar GP tyres for safety reasons

Motor racing-FIA imposes lap limit on Qatar GP tyres for safety reasons DOHA, Oct 8 (Reuters) - Formula One's governing body imposed a mandatory limit on how long tyres could be used for at Sunday's Qatar Grand Prix after Pirelli warned of the risk of sudden blowouts. The FIA said a limit of 18 laps of total tyre life per set will be imposed for the 57 lap race, effectively making it a three-stopper.
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Motor racing-F1 acts after tyres damaged by kerbs at Qatar GP

UPDATE 1-Motor racing-F1 acts after tyres damaged by kerbs at Qatar GP Adds Pirelli, Steiner comments By Alan Baldwin DOHA, Oct 7 (Reuters) - Formula One's governing body took emergency action ahead of a potentially title-deciding Qatar Grand Prix sprint race on Saturday after Pirelli warned of the risk of sudden tyre blowouts. The governing FIA introduced an extra practice session ahead of qualifying for the 100km sprint and said Sunday's main event could become a mandatory three-stop race to l
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