Sales and profits rise in Pirelli’s tyre business: cables sale finalised

By Liz White, ERJ staff

Milan, Italy-In the first half of 2005, Pirelli Tyres’ sales were about Euro 1800 million an 8.3 percent rise over the first half of 2004, the group said.

Operating profit was about Euro 187 million-a return on sales of 10.4 percent, the group added, representing an increase of 21 percent over the first half of 2004.

Growth in volumes, particularly in North America, and the continual drive towards a high margin product mix contributed to the positive performance, despite the…

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