Italy: Pirelli pares 2012 tyre volume/revenue forecasts

The Pirelli Group has reported significant year-on-year improvements in its financial performance in Q1 2012, with Pirelli Tyre seeing revenue rise 11.4% and the EBIT margin expand to a record 14.0%, from 11% in the first three months of 2011. However, despite these gains, the company has pared its previous Subscribe to Automotive World to … Continued

• By Webmaster
• May 10, 2012