Pirelli & C SpA (CHIX:PIRCm)
€ 6.074 0 (0%) Market Cap: 6.17 Bil Enterprise Value: 8.65 Bil PE Ratio: 13.46 PB Ratio: 1.12 GF Score: 76/100

Q2 2021 Pirelli & C SpA Earnings Call Transcript

Aug 05, 2021 / 04:30PM GMT
Release Date Price: €5.07
Operator

Ladies and gentlemen, welcome to Pirelli's conference call in which Pirelli's top management will present the company's first half 2021 financial results. A live webcast of the event and the presentation slides are available in the Investor Relations section of the Pirelli website. I remind you that the Q&A session will follow after the presentation.

Now I would 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. The scenario that is taking shape highlights a faster recovery from the pandemic both in the global economy and in the tire industry, where the high-value demand is already exceeding 2019 levels. The 18 inches and above market in 2021 is now expected to grow at 15% year-on-year, 2 point percent more than the initial expectation. Our Industrial Plan implementation continues in line with the expectation on all programs. Our high value share increased

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