Pirelli’s tyre unit posts improved sales, income for quarter

From Rubber & Plastics News

Milan, Italy-Pirelli SpA expects its tyre business to continue to report improved results this year following double-digit increases in operating income and sales in the first quarter.

The unit reported operating income of $93.8 million in the three-month period ended 31 March, up 13.6 percent from a year ago. Sales rose 12.5 percent to $1020 million on an 11-percent increase in volume and improved pricing and product mix. The unit’s net profits were up 18.8 percent to $47.5 million.

Pirelli said…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with