Pirelli Tyre eyes continued sales, earnings gains in ´07

Milan, Italy – Pirelli Tyre SpA expects operating earnings and sales to improve this year over the 2006 results, which in turn were improved over 2005 despite high raw material costs.
Pirelli Tyre, an operating unit of Pirelli & C. SpA, reported 3.8-percent higher pre-tax operating earnings of $669.6 million on 8.7-percent better sales of $4.96 billion.

Pirelli Tyre credited improved business in both its consumer and industrial segments for the sales growth. Sales of consumer tires, which represent 69 percent of the firm’s revenues, grew…

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