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Pirelli earnings up slightly; sales up 13%

Milan, Italy — Pirelli & C. SpA reported a slight gain in operating income for the quarter ended March 31 on 13.4-percent higher sales, reflecting continued growth of the firm’s premium segment.

Pirelli’s operating income for the period rose 1.5% to €160 million while sales revenue grew to €1.27 billion.

The figures reported for the first quarter reflect the reconfigured, purely consumer-business Pirelli, without the truck and farm tire activities that now are part of TP Industrial Holding.

Pirelli said organic growth accounted for 8.4% of the revenue…

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