Pirelli Second Quarter EBIT Expected at 7.9%

According to a recent Deutsche Bank investors note, Pirelli EBIT is estimated to reach 7.9 per cent in second quarter/first half results. In addition, the analysts commented: “Revenues should benefit from a lower volume decrease, -13 per cent vs.

-16 per cent in the first quarter and the price mix is still very positive (+5.3 per cent versus +6.9 per cent), benefiting both from a better mix and the disciplined behaviour of manufacturers so far.