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

Q2 2024 Pirelli & C SpA Earnings Call Transcript

Aug 01, 2024 / 04:30PM GMT

Transcript

Operator

Ladies and gentlemen, welcome to Pirelli's conference call in which Pirelli top management will present company's first-half 2024 financial results. A live webcast of the event and the presentation slides are available in the Investor Relations section of the Pirelli website. (Operator Instructions)

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

Marco Tronchetti Provera

Pirelli & C SpA - Executive Vice Chairman of the Board

Good evening to all. The results for the first half of 2024 confirm the effectiveness of our strategy.

We strengthen our positioning on high value, now 77% of revenues, fully sizing growth opportunities across both channels and markets and leveraging innovation and brand strength. We have increased profitability, among the best in the industry, thanks to the effectiveness of internal levers, price mix, and efficiencies.

Finally, we have improved the cash trend compared to the first half of 2023. The careful management of working capital is a result of structural

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