Milan – Pirelli & C. SpA has reported a 7.6% year-on-year increase in 2017 revenues to €5.35 billion, compared to €4.97 billion the previous year.
The tire maker linked the increased sales to the “high value” segment, which saw an 11.8% year-on-year rise in sales to €3.07 billion.
The figure accounted for 57.5% of total sales, up from 55.3% of sales in 2016. In 2018, noted Pirelli, which has set a target of 60% for the proportion of ‘high-value’ tire sales.
Pirelli has previously outlined four categories of…