Better First Quarter Results For Pirelli
The Pirelli group has increased its turnover in the first quarter of this year by 18 p.c. The cable division achieved to a turnover of 1.05 billion Euro and an Operating Profit of 52 million Euro. The tyre division turnover increased by 12 p.c.up to 700 million Euro and the Operating Profit was 54 million Euro. Despite of fierce price competition Pirelli could achieve a 17 p.c. increase units and evidently win market shares.