(CercleFinance.com) – Pirelli gains more than 3% in Milan, the day after the publication of first-half net profit up 77% to 233 million euros and an adjusted EBIT margin improved by 0.4 point to 15.1% for revenues up 24.6% to 3.2 billion.
According to Invest Securities, this above-expected publication from the tire manufacturer confirms solid growth and pricing power. “The 2022 guidance is again raised on turnover and is not degraded, this time, on the EBITA margin”, he also underlines.
“We come out reinforced in our view that the management succeeds in maintaining strict management as already observed last year, despite the current disturbed context”, reacts for his part Oddo, therefore believing that the results and the FCF should clearly progress.
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