- Nine Months 2023 Pirelli & C SpA Earnings Call TranscriptNov 09, 2023€4.16Earnings
- Q2 2023 Pirelli & C SpA Earnings Call TranscriptJul 27, 2023€4.46Earnings
- Q1 2023 Pirelli & C SpA Earnings Call TranscriptMay 11, 2023€4.7Earnings
- Preliminary 2022 Pirelli & C SpA Earnings Call TranscriptFeb 22, 2023€4.88Earnings
- Q3 2022 Pirelli & C SpA Earnings Call TranscriptNov 03, 2022€3.75Earnings
- Q2 2022 Pirelli & C SpA Earnings Call TranscriptAug 04, 2022€4.28 (+0.19%)Earnings
- Q1 2022 Pirelli & C SpA Earnings Call TranscriptMay 10, 2022€4.32Earnings
- Q4 2021 Pirelli & C SpA Earnings Call TranscriptFeb 23, 2022€5.75Earnings
- Q3 2021 Pirelli & C SpA Earnings Call TranscriptNov 11, 2021€5.54 (+0.22%)Earnings
- Q2 2021 Pirelli & C SpA Earnings Call TranscriptAug 05, 2021€5.07Earnings
- Q1 2021 Pirelli & C SpA Earnings Call TranscriptMay 12, 2021€4.58 (+0.49%)Earnings
- Pirelli & C SpA Corporate Call TranscriptMar 31, 2021
- Full Year 2020 Pirelli & C SpA Earnings Call TranscriptMar 10, 2021€4.95Earnings
- Q3 2020 Pirelli & C SpA Earnings Call TranscriptNov 11, 2020€4.28 (+1.47%)Earnings
- Half Year 2020 Pirelli & C SpA Earnings Call TranscriptAug 05, 2020€3.68 (+1.59%)Earnings
- Q1 2020 Pirelli & C SpA Earnings Call TranscriptMay 13, 2020€3.6 (-1.34%)Earnings
- Nine Months 2019 Pirelli & C SpA Earnings Call TranscriptOct 29, 2019€5.8 (-0.10%)Earnings
- Half Year 2019 Pirelli & C SpA Earnings Call TranscriptAug 01, 2019€5.39 (+0.37%)Earnings
- Q1 2019 Pirelli & C SpA Earnings Call TranscriptMay 14, 2019€5.72 (+1.60%)Earnings
- Full Year 2018 Pirelli & C SpA Earnings Call TranscriptFeb 14, 2019€6.01 (-1.15%)Earnings
Q1 2022 Pirelli & C SpA Earnings Call Transcript
Good evening, ladies and gentlemen. The first 3 months of 2022 were characterized by growing volatility of the macro scenario, exacerbated by the recent geopolitical tensions and the new lockdown in China. Despite this volatility, Pirelli closed the first quarter with a clear improvement of its results year-on-year, which rank one of the best in the industry.
For 2022, we expect a positive scenario, however, characterized by a slowdown in economic growth. The war in Ukraine and the sanctions imposed on Russia pushed energy and raw material prices up. The new COVID outbreaks in China had an additional element of uncertainty with an impact on economic activity and consumption.
As a result, the expectation on car tire demand are more cautious, especially for the standard segment. On the other hand, high value confirms its resilience. The growth rate 7x higher than that of 17 inches and below, despite the price hikes to offset the increase in input costs.
In this scenario, Pirelli responded promptly by acting on all its levels to mitigate the impact of growing headwinds. We are
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