Q1 2025 Pirelli & C SpA Earnings Call Transcript

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May 14, 2025

May 14, 2025 / 04:30PM GMT
Operator

Ladies and gentlemen, welcome to Pirelli's conference call in which Pirelli top management will present the company's first quarter, 2025 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 the presentation. Now, I would like to introduce Mr. Marco Tronchetti Provera. Please go ahead, sir.

Marco Tronchetti Provera - Pirelli & C SpA - Chief Executive Officer, Executive Vice Chairman of the Board

Thank you very much and good evening, ladies and gentlemen.

The results of the first quarter of 2025 confirm the solidity of our business model in a challenging external scenario.

We closed the quarter with an organic growth of 4.7%. This result achieved through a consistent commercial performance is among the best in the industry.

3.9%, Michelin minus 2.5, Gia minus 2.2 expected at 1 minus 1.3. An improvement in profitability which is confirmed to be the highest in tier one.

County 13.4

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