Pirelli & C SpA (MIL:PC)

€ 14.97 0 (0%) Market Cap: 7.11 Bil Enterprise Value: 7.48 Bil PE Ratio: 12.74 PB Ratio: 0.99 GF Score: 75/100

Q1 2021 Pirelli & C SpA Earnings Call Transcript

May 12, 2021 / 04:30PM GMT

Transcript

Operator

Ladies and gentlemen, welcome to Pirelli's conference call in which Pirelli top management will present company's first quarter 2021 financial results. The live webcast of the event and the presentation slides are available in the Investor Relations section of the Pirelli website. I remind you that the Q&A session will follow after the presentation.

Now I would like to introduce Mr. Marco Tronchetti Provera. Please go ahead, sir.

Marco Tronchetti Provera

Pirelli & C. S.p.A. - Executive Vice Chairman & CEO

Good evening, ladies and gentlemen, and welcome to our conference call. Current market and macroeconomic trends confirm the optimism about the 2021 scenario, both for the global economy, whose recovery is connected to the vaccination progress; and for the tire industry, where high-value demand is back to pre-pandemic levels already in the first quarter.

Our industrial plan implementation continues in line with our expectations. Significant increase of the high-value share has been recorded in the first quarter, particularly in

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