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: 70/100

Q3 2024 Pirelli & C SpA Earnings Call Transcript

Nov 07, 2024 / 05:30PM GMT

Release Date Price: $5.24 (-0.29%)

Transcript

Operator

Ladies and gentlemen, welcome to Pirelli's conference call in which Pirelli top management will present the company's nine month, 2024 financial results, a live webcast of the event and the presentation slides are available in the investor relations section of the P RLI 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 SpA - Chief Executive Officer, Executive Vice Chairman of the Board

Thank you and good evening. Ladies and gentlemen, the results of the first nine months confirm the effectiveness of our strategy.

We strengthen our high value presence. Thanks to the solid volume growth, the effectiveness of the internal levels price mix and efficiencies led to an improvement in profitability, the highest among tier one players. Finally, we reduced our debt and recorded positive cash generation in the third quarter as a result of efficient working capital management.

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