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As of 8:10 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

pirelli & c. (PPAMF) Snapshot

Open
$15.27
Previous Close
$15.27
Day High
$15.27
Day Low
$15.27
52 Week High
12/30/13 - $17.53
52 Week Low
09/18/13 - $13.27
Market Cap
7.4B
Average Volume 10 Days
480.8
EPS TTM
--
Shares Outstanding
475.7M
EX-Date
06/16/14
P/E TM
--
Dividend
$0.33
Dividend Yield
2.84%
Current Stock Chart for PIRELLI & C. (PPAMF)

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pirelli & c. (PPAMF) Details

PIRELLI & C. Società per Azioni designs, develops, manufactures, and markets tires for automobiles, industrial vehicles, and motorcycles worldwide. It operates in two segments, Consumer and Industrial. The Consumer segment offers tires for automobiles, sport utility vehicles, light commercial vehicles, and motorcycles. The Industrial segment provides tires for buses, heavy trucks, agricultural machinery, and steel cord, an element used for creation of radial tires. In addition, it operates in waste-to-fuel and photovoltaic renewable energy sectors and in environmental clean-up; diesel vehicle and heating plant emissions control technology sector; and a fashion design project supporting the tire business focusing on the premium and prestige segment. The company was founded in 1872 and is headquartered in Milan, Italy.

39,299 Employees
Last Reported Date: 08/6/14
Founded in 1872

pirelli & c. (PPAMF) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: €950.0K
Chief Financial Officer and Corporate Financi...
Total Annual Compensation: €501.0K
General Manager of Operations
Total Annual Compensation: €100.5K
Group General Counsel and Chief of Corporate ...
Total Annual Compensation: €800.9K
Planning and Control Manager
Total Annual Compensation: €452.0K
Compensation as of Fiscal Year 2013.

pirelli & c. (PPAMF) Key Developments

Pirelli & C. SpA Announces Group Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Confirms Earnings Guidance for the Fiscal Year 2014

Pirelli & C. SpA announced group earnings results for the second quarter and six months ended June 30, 2014. For the second quarter, the company’s revenues amounted to EUR 1,513.7 million, compared with EUR 1,575.4 million in the same period of 2013. In the second quarter, EBIT totaled EUR 225.2 million, an increase of 12.6% compared with EUR 200.0 million in the second quarter of 2013. In the second quarter, net profit grew to EUR 101.7 million, an increase of 30.7% compared with EUR 77.8 million in the second quarter of 2013. Capital expenditures of property, plant and equipment and intangible assets were EUR 78.3 million against EUR 84.3 million a year ago. Net operating cash inflow from operations was EUR 194.5 million against EUR 75.3 million a year ago. Net cash inflow was EUR 30.4 million against net cash outflow of EUR 52.4 million a year ago. For the six months, the company’s consolidated level, revenues on 30 June 2014 totaled was EUR 2,986.9 million, with organic growth of 6.7% compared with EUR 3,131.3 million for the same period in 2013. Including a negative impact of 10.0% linked to exchange rates, revenues saw a reduction of 3.3% compared with EUR 3,090.0 million in the first half of 2013. The operating result (Ebit) was EUR 426.2 million, an increase of 12.6% compared with EUR 378.5 million in the corresponding prior period. The improvement of the operating result (increase of EUR 47.7 million) reflects: the positive contribution of volumes (increase of EUR 26 million); the growing contribution of the price/mix component (increase of EUR 93.3 million) to the improvement in the mix (Premium growth) and price increases in emerging countries; efficiencies (increase EUR 48.9 million, equal to 54% of the full-year target); lower raw material costs (EUR 13.7 million); improved operating results for minor businesses (EUR 4.3 million). Pre-tax income was EUR 306.9 million against EUR 250.7 million a year ago. Net income from continuing operations was EUR 192.1 million against EUR 149.5 million a year ago. Net profit attributable to the company, including the results of discontinued operations, amounted to EUR 189.1 million, an increase of 24.9% compared with EUR 151.4 million in the same period of 2013. Capital expenditures of property, plant and equipment and intangible assets were EUR 143.6 million against EUR 164.0 million a year ago. Net operating cash outflow from operations was EUR 376.9 million against EUR 320.0 million a year ago. Net cash outflow was EUR 612.8 million against EUR 527.4 million a year ago. The company confirmed earnings guidance for the fiscal year 2014. For the year, the company announced that given the first half 2014 trend, the company confirms, at constant consolidation perimeter, its full year targets indicated last May in terms of: consolidated revenues of approximately EUR 6.2 billion, confirming a growth of almost 1% Ebit of EUR 850 million after restructuring costs for EUR 50 million, cash generation of over EUR 250 million before dividend payout.

Pirelli & C. SpA, H1 2014 Earnings Call, Aug 05, 2014

Pirelli & C. SpA, H1 2014 Earnings Call, Aug 05, 2014

Pirelli & C. Spa Announces Board Changes

Pirelli & C. Spa announced that board members Claudio Sposito, Riccardo Bruno, Piero Alonzo; Emiliano Nitti, Luciano Gobbi, Enrico Parazzini tended their resignations from the Board of Directors of Pirelli. The Board of Directors proceeded to co-opt Igor Sechin (President of Rosneft, Chairman of Rosneft's Management Board), Didier Casimiro (Vice President for Commerce and Logistics at Rosneft), Andrey Kostin (President and Chairman of the Management Board, Member of the Supervisory Council of VTB Bank,), Ivan Glasenberg (CEO of Glencore), Petr Lazarev (Financial Director at Rosneft) and Igor Soglaev (President, CJCS Novokuibyshevskaya Petrolchemical Company - CJSC NPC) in substitution of the board members resigning.

 

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PPAMF Competitors

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Company Last Change
Cooper Tire & Rubber Co $30.01 USD +0.17
Fujikura Ltd ¥531.00 JPY -2.00
Prysmian SpA €15.27 EUR 0.00
Sumitomo Rubber Industries Ltd ¥1,569 JPY +8.00
Yokohama Rubber Co Ltd/The ¥942.00 JPY +3.00
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Industry Analysis

PPAMF

Industry Average

Valuation PPAMF Industry Range
Price/Earnings 15.8x
Price/Sales 0.9x
Price/Book 2.3x
Price/Cash Flow 8.3x
TEV/Sales 0.4x
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