Pirelli First Half Figures
First half sales of the Pirelli group totalled 3.022 billion Euro, down 9.8 per cent on the 1H 2002 figure of 3.35 bn Euro, preliminary, unaudited figures show. However, when exchange rate fluctuations and changes due to consolidation are factored out, sales actually increased by 3.3 per cent. Operating income was 118 million Euro, due largely to a growth (net of exchange rates) in the tyre sector of 14.4 per cent, with sales at 1.509 bn Euro.