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Pirelli reports 6 percent H1growth in tyre business.(News)
Pirelli Tyres' results for the first six months ending 30 June 2007 show that the company's revenues and operating income were up by 6.6 percent and 6 percent respectively.
Revenues for the six-month period rose to [euro]2151.4 million compared with [euro]2018.4 million in 2006. According to Pirelli, the increase was due to growth in volumes and the focus on product mix as well as focus on greater added value segments, despite a negative exchange rate effect.
Operating income (EBIT) for the tyre operations amounted to [euro]206.3 million - up from [euro]194.6 year-on-year, with a return on sales of 9.9 percent - in line with last year. Pirelli said that the …
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Source: HighBeam Research, Pirelli reports 6 percent H1growth in tyre business.(News)
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