Pirelli reports increased sales, stable profits in 2011
The latest Pirelli UK report filed with Companies House shows a slight drop in pre-tax profit in 2011 despite sales jumping almost £40 million year-on-year to £329.7 million. Profit decreased from £12.2 million to £12 million during the year. The company singled out its original equipment segment activities as a strength during the year, noting that Pirelli UK continued to secure new contracts with prestigious vehicle manufacturers.