“Pirelli” increased its net profit in the second quarter by 1.8 times

Flavio Lo Scalzo (Reuters / Scanpix) nuotr.

The Italian tire manufacturer Pirelli & C SpA increased its net profit for the second quarter of the year by 1.8 times against the background of the rock price of oil and improved its forecasts for the whole year.

The company’s press release indicates that its net profit in the months of April-April amounted to 221.4 million. EUR, while at the same time last year 123.1 million were produced. Eur.

Adjusted profit before taxes and salaries (EBIT) increased from 377.4 million. EUR up to 481.6 million. Eur, EBIT margin increased from 14.7% to 15.1%.

Sales revenue increased from 2.56 billion EUR up to 3.2 billion Eur.

Pirelli now expects 6.26.3 billion in 2022. EUR per year, not 5.96 billion. Eur, as expected earlier. The company confirmed the EBIT margin forecast at the level of 15%.

Pirelli’s market capitalization has decreased by 26.8% since the beginning of the year to approximately 4.3 billion. Eur.

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