Pirelli's board of directors approved the 2012 draft financial statements which sees net profit growing by 27,2%, net of non-recurring charges, to 398,2 million.
In 2011, in fact, profits had reached 440,7 million after a positive impact of 128 million for previous deferred tax assets.
Ebit reached 780,8 million (+34,2%) while the gross operating margin before restructuring charges reached 1,11 billion (+27%). The net financial position improved, reaching (respecting the targets) 1,2 billion from 1,868 billion as at 30 September 2012.
Finally, revenues brought in 6,071 billion (+7,4%). In consideration of these numbers, the board of directors proposed the distribution of a dividend of 0,32 euro per ordinary share (0,27 euro in 2011).
