Pirelli & C. Spa approves 2022 results

At a meeting on 5 April, the Board of Directors of Pirelli & C. Spa approved consolidated results for the year ended 31 December 2022, confirming the preliminary and unaudited results communicated to the market on 22 February 2023.

As already announced, 2022 closed with a consolidated net profit of 435.9 million euros, an increase of 35.5 per cent compared with 2021, on revenues which increased by 24.1 per cent to 6,615.7 million euros. The Board also approved the results of the Parent Company Pirelli & C. Spa, which in 2022 posted a net profit of 252.5 million euros, a 16.4 per cent increase year-on-year. In line with the dividend policy of Pirelli‘s 2021-2022|2025 industrial plan, the company’s Board will propose to the shareholders meeting the distribution of a dividend of 0.218 euro per share (0.161 euro per share in 2021) for an overall total of 218 million euros.