Pirelli & C SpA (CHIX:PIRCm)
€ 6.074 0 (0%) Market Cap: 6.09 Bil Enterprise Value: 8.57 Bil PE Ratio: 13.46 PB Ratio: 1.12 GF Score: 76/100
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Q3 2020 Pirelli & C SpA Earnings Call Transcript

Nov 11, 2020 / 05:30PM GMT
Release Date Price: €4.28 (+1.47%)
Operator

Ladies and gentlemen, welcome to the Pirelli's Conference Call in which Pirelli's top management will present the company's 9 months 2020 financial results. A live webcast of the event and the presentation slides are available in the Investor Relations section of the Pirelli's website.

I remind you that a question-and-answer session will follow the presentation. I would now like to introduce Mr. Marco Tronchetti Provera. Please go ahead, sir.

Marco Tronchetti Provera
Pirelli & C. S.p.A. - Executive Vice Chairman & CEO

Thank you. Good evening, ladies and gentlemen, and welcome to our conference call.

In a very volatile environment in the third quarter, we were able to strengthen our position on the high-value, largely outperforming the global market by 3 percentage points in both original equipment and replacement. This was particularly true in China, where we record an outstanding performance, plus 33% year-on-year on car 18 inches and above versus plus 21% of the market.

Protect profitability through mix improvement and

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