Pirelli & C SpA (OTCPK:PLLIF)

$ 5.282 -0.0753 (-1.41%) Market Cap: 5.70 Bil Enterprise Value: 9.05 Bil PE Ratio: 12.74 PB Ratio: 0.99 GF Score: 72/100

Q2 2023 Pirelli & C SpA Earnings Call Transcript

Jul 27, 2023 / 04:30PM GMT

Release Date Price: $5.52

Transcript

Operator

Ladies and gentlemen, thank you, and welcome to Pirelli's conference call in which Pirelli's top management will present the company's first half 2023 financial results. A live webcast of the event and 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 results of the first half of 2023 confirm the resilience of our business model, the performance improving year-over-year. Scenario we expect for 2022 remains highly volatile and is characterized by a slowdown in economic growth, while the main uncertainties concern Europe and China. A high inflation rate, in particular of consumer prices despite the decrease in energy, transportation and raw material costs. The growing volatility of exchange rates fueled by interest rate differentials and economic

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