‘High value’ tires drive Pirelli’s growth

Milan, Italy – Pirelli C. & SpA reported higher fiscal 2018 operating earnings and sales, led by strong “high value” product sales during the year.

Adjusted pre-tax operating income rose 8.2% to €1 billion, before start-up costs related to a variety of new initiatives, on 2.9% lower sales of €5.2 billion, yielding a slightly higher operating ratio of 19.2%.

The ‘high value’ segment registered growth in all regions, with sales up 10% compared to the year before.

It contributed to 63.7% of Pirelli’s total sales, compared to 57.5% the…

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