Tag: emerging market

Analysts: Foreign exchange outlook the only bad news in Pirelli results

28th March 2014 | 0 Comments

Financial analysts have responded positively to Pirelli’s full-year 2013 financial results, with some reiterating their “outperform” guidance. The upbeat response was markedly different to the warnings of some market observers 24 hours earlier, which suggested the emerging market exposure (and its linked foreign exchange fluctuations) and Russian volatility in particular could undermine the company’s 2014 and 2015 outlook.

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Pirelli reports increased sales but flat profits in 2013

28th March 2014 | 1 Comment

Pirelli & C. SpA today reported full-year 2013 consolidated revenues of 6,146.2 million euros on 31 December, an increase of 1.2 per cent from 6,071.5 million euros a year earlier. Tyre revenues, which account for almost all of the company’s sales totalled 6,115.8 million euros in 2013, an increase of 1.4 per cent from 6,031.3 million euros. Full year tyre-derived pre-tax profits (EBIT) were 822.0 million euros, an increase of 1.2 million euros (+0.1 per cent) compared with 820.8 million euros in the same period a year earlier, with a margin equal to 13.4 per cent (13.6 per cent in 2012). However, whether it will be enough to allay pre-release market fears that emerging market exchange rates and particular Russian market instability remains to be seen.

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AME promotes Kyle Sparkman to mining industry product manager

AME promotes Kyle Sparkman to mining industry product manager

31st May 2011 | 0 Comments

AME International recently promoted Kyle Sparkman to the newly created role of mining industry product manager. Sparkman credits his success with new product sales to a combination of the steady growth of emerging market economies and the ability of AME to provide customers with its mining equipment in a timely manner. Sparkman and AME plan to continue expanding their product line to match the demands of the expanding mineral industry.

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Moscow Calling

8th May 2006 | 0 Comments

Next month T&A will also cover the recent developments in the Russian emerging market. Focusing on the recent Tires & Rubber Moscow exhibition, our coverage will look at how the show is increasingly becoming a trade orientated show. It is also growing. A whopping 40 per cent of this year’s exhibitors were new to the show, meaning the exhibition remains Russia’s leading tyre industry show by some way.

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Emerging Market

3rd November 2004 | 0 Comments

When companies based in the world’s most populated country, the People’s Republic of China, make decisions, they affect everyone. That’s why next month’s Tyres & Accessories will include a cover story investigating the world’s foremost emerging market. Providing an in-depth introduction to the Chinese market, the feature will investigate the market’s background while reporting on some recent developments and shedding light on future business opportunities.

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