Pirelli unveils Q3 results, introduces new Industrial Plan

At yesterday’s presentation of its 2013-2017 Industrial Plan in London, Pirelli & C. SpA highlighted its performance since the presentation of its previous Industrial Plan in 2011 (which covered 2011-2015) and stated its aims for the current period. The event followed the release of the company’s third quarter figures on 5 November. The headline figures for the third quarter are net sales of €1.52 billion (down 2.19 per cent year-on-year, operating income of €201.0 million (up 2.87 per cent), EBIT margin of 13.2 per cent (12.6 per cent in Q2 2012) and net income up 27.36 per cent to €108.0 million.