Increased Turnover and Profits For Pirelli Tire as Parent Makes Loss
Pirelli & C. SpA’s Pirelli Tire division achieved sales growth exceeding 10 per cent in the first nine months of 2006 and increased results from operations compared to the previous year. This performance was obtained despite the significant rise in raw material costs, which penalised the entire sector. Revenues were 2,990.6 million euros, up by 10.5 per cent compared to 2,706.9 million in the same period of 2005 (+7.3 per cent net of exchange rates).