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

Nine Months 2023 Pirelli & C SpA Earnings Call Transcript

Nov 09, 2023 / 05:30PM GMT

Release Date Price: $4.91

Transcript

Operator

Ladies and gentlemen, welcome to Pirelli's conference call in which Pirelli's top management will present the company's 9 months 2023 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

Ladies and gentlemen. The first 9 months of 2023 were marked by high volatility of the macroeconomic scenario, the demand slowdown, high inflation and a gradual increase of interest rates. In spite of these headwinds, Pirelli's results in the first 9 months confirm the strength of our business mode. Price/mix among the best in the industry, improving profitability, thanks to internal levels and improving cash generation in the third quarter, thanks to an efficient management of the working capital.

These results lead us to confirm our

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