British sportscar maker Aston Martin will adopt Cyber Tyre technology from Italy's Pirelli for future vehicles, the two companies said in a joint statement on Thursday.
Pirelli & C. S.p.A. (OTCPK:PLLIF) Q2 2025 Earnings Call July 31, 2025 12:30 PM ET Company Participants Andrea Livio Donato Casaluci - CEO & Executive Director Fabio Bocchio - Chief Financial Officer Marco Tronchetti Provera - Executive Vice Chairman Conference Call Participants Akshat Kacker - JPMorgan Chase & Co, Research Division Christoph Laskawi - Deutsche Bank AG, Research Division Gianluca Bertuzzo - Intermonte SIM S.p.A.
Pirelli chief Marco Tronchetti Provera said on Friday the tensions at the tyremaker involving China's state-controlled Sinochem , its main shareholder, are on the way to being resolved.
The United States has warned Pirelli that sales of vehicles fitted with its data-collecting technology could be restricted due to concerns over the influence on the tyremaker of its Chinese investor, Bloomberg reported on Tuesday.
Pirelli & C. S.p.A. (OTCPK:PLLIF) Q1 2025 Earnings Conference Call May 14, 2025 12:30 PM ET Company Participants Marco Tronchetti Provera - Executive Vice-Chairman Andrea Livio Casaluci - Chief Executive Officer Fabio Bocchio - Chief Financial Officer Conference Call Participants Akshat Kacker - JPMorgan Martin Harry - Bernstein Martino De Ambroggi - Equita Gianluca Bertuzzo - Intermonte Stephen Benhamou - BNP Paribas Ross MacDonald - Citi Thomas Besson - Kepler Cheuvreux Monica Bosio - Intesa Sanpaolo Edoardo Spina - HSBC Operator Ladies and gentlemen, welcome to Pirelli's Conference Call in which Pirelli top management will present the company's First Quarter 2025 Results.
Pirelli said earnings and cash generation could come in at the lower end of guidance this year if President Trump's tariffs on the automotive industry remain in force.
Pirelli has postponed to April 28 the conclusions of its board meeting which had been scheduled to end on Thursday, the Italian tyremaker said, amid protracted tensions between leading investors.
Camfin, the family vehicle of Pirelli's executive vice chairman Marco Tronchetti Provera, is planning to increase its stake in the tyremaker to 29.9% from 26.1%, Italian daily Il Messaggero reported on Thursday.
Pirelli's share price is down 10% despite reaffirming its 2024-2025 outlook, with a current market cap of approximately 5.2B EUR. Financial results show a slight revenue increase and a 4.4% EBITDA growth, but net profit is impacted by higher financial expenses. Pirelli has tightened its 2024 guidance and expects improved EBIT margins and reduced net debt, with a new 50% dividend payout policy.
Italian tyremaker Pirelli is not planning to close any of its factories as a response to the crisis of the automotive industry, CEO Andrea Casaluci said at a business conference in Milan.
Italian tyremaker Pirelli and German tech group Robert Bosch GMBH will jointly develop a software-based "intelligent tyre" technology, the two companies said Tuesday.
Pirelli's revenue remained flat in 2023, but lower operating costs led to increased profits and free cash flows. The company's guidance for 2025 includes a revenue increase and margin expansion, making the current share price attractive with a 10% free cash flow yield. Pirelli's stock is priced attractively at 4.5 times the adjusted EBITDA in 2025, indicating a good investment opportunity.