Ongoing shift to high-value tyres behind first-half profit increase at Pirelli

Pirelli reports “stable” sales of 3,447.5 million euros in the first half of 2024 (First-half 2023: 3,437.5 million euros). Adjusted pre-tax profits (EBIT) amounted to 539.1 million up 4.2 per cent compared with first half of 2023. Executives put the improvement down to “solid commercial performance (volumes and price/mix)” and “efficiencies”.