Italy · Delayed Price · Currency is EUR Pirelli & C. Earnings Call Transcripts
Fiscal Year 2026
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9M organic growth and a 15.9% adjusted EBIT margin held firm despite weak OE demand and rising costs. 2026 targets were confirmed, with U.S. and India expansion supporting long-term high-value growth.
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First half 2026 saw strong high value growth, stable 16% EBIT margin, and 13% net profit rise, despite geopolitical and market headwinds. Full year guidance is confirmed, with high value and innovation driving resilience and future growth.
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Q1 2026 saw resilient performance with 3.5% organic revenue growth, 16% Adjusted EBIT margin, and 23% net profit increase, driven by high value segment gains and strong cost management. 2026 guidance was raised, despite macro risks from the Middle East crisis.
Fiscal Year 2025
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2025 saw robust growth, record profitability, and strong cash generation, with high-value segments driving performance and sustainability leadership. 2026 guidance targets stable margins, continued deleveraging, and strategic investments, despite ongoing macroeconomic and geopolitical risks.
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Nine-month 2025 results show 3.7% organic revenue growth, 16.1% EBIT margin, and 8% net income increase, driven by high-value segment expansion and innovation. Guidance for 2025 is confirmed, with resilient profitability and strong cash generation despite macroeconomic and tariff headwinds.
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First half 2025 saw 4.4% organic growth, a 16% EBIT margin, and strong cash generation, with high value segments driving performance and effective tariff mitigation. Full-year guidance is confirmed despite ongoing tariff and currency volatility.
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Q1 2025 saw 4.7% organic growth, 27% net income rise, and a 15.9% EBIT margin, driven by high-value segment gains and strong U.S. market share. 2025 guidance is confirmed, with risks from tariffs and raw materials mitigated by cost and supply actions.
Fiscal Year 2024
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2024 results exceeded expectations with strong High Value growth, improved profitability, and robust cash generation. 2025 guidance targets further margin expansion, stable leverage, and continued sustainability progress, with contingency plans for U.S. tariffs in place.
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Strong nine-month results with 4.9% organic revenue growth and improved profitability, driven by high-value segment expansion and efficiency gains. 2024 guidance is confirmed, with resilient high-value demand offsetting standard segment weakness and continued focus on innovation and sustainability.
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First half 2024 saw strong high value growth, improved profitability, and robust cash flow, with guidance for the year confirmed at the upper end of the range. High value now represents 77% of revenues, while standard segment exposure continues to decrease.
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Mobility demand and electrification are driving sustainability in the tire sector, with ambitious decarbonization and material innovation targets. Regulatory compliance, circularity, and supply chain traceability are central, supported by new technologies and supplier engagement.