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

Q3 2022 Pirelli & C SpA Earnings Call Transcript

Nov 03, 2022 / 05:30PM GMT

Transcript

Operator

Welcome to Pirelli's conference call, in which Pirelli's top management will present the company's 9 months 2022 financial results. A 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. The first 9 months of 2022 were characterized by a growing volatility of the macroeconomic scenario, worsened by the Russia-Ukraine war and the COVID emergence in China. Despite these headwinds, Pirelli closed the first 9 months with a clear year-on-year improvement. Our performance proved the resilience of our business model as highlighted by the strengthening of high-value market segment growing the most, where we gain share despite price increases. Our price mix, one of the best in the industry, that offset the growing impact of

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