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Pirelli, profits down 31% to 150 million in the first half. Ebit 2013 on the lower part of the fork

In the first six months of 2013, the tire group recorded profits of 150,1 million (-31,3%) – Revenues increased by 3,6% and show better dynamics in the second quarter (+8,8%) – Guidance on 2013 turnover confirmed between 6,3 and 6,35 billion, Ebit at 810 million, in the lower part of the range previously announced (810-850)

Pirelli, profits down 31% to 150 million in the first half. Ebit 2013 on the lower part of the fork

Pirelli's net profit fell in the first half of 2013 by 31,3% to 150,1 million. However, the group archives revenues up 3,6% to 3,13 billion in the same period and confirms the guidance indicated in May. Both figures were in line with analysts' estimates. Turnover recovered in the second quarter compared to the January-March quarter with growth of 8,8% over the same period in 2012. For the end of 2013, Pirelli expects total revenues to be between 6,3 and 6,35 billion, a consolidated equal to approximately 810 million, in line with the lower part of the range previously indicated at 810-850 million. Confirmed the goal of a net debt of less than 1,2 billion at the end of the year before the reclassification of the Prelios credit. As at 30 June, the net financial position was negative by 1,68 billion.

 

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