Pirelli revenues down 31.6% compared to 30 June 2019

Cristian Hatis 1 Min Read

Pirelli revenues at 1,816.4 million euro, down 31.6% compared to 30 June 2019 (-28.5% the organic variation) due to the strong reduction in demand and foreign exchange volatility, while the price mix improves.

Adjusted Ebit at 66.7 million euro thanks to the contribution of efficiencies and cost containment actions that limited the impact of the reduction in demand and the slowdown (440.5 million euro in the first half of 2019).

Total net result: -101.7 million euro (+307 million euro in the first half of 2019)

Net cash flow: -757.5 million euro (-817.4 million euro in the first half of 2019, -640.5 million euro net of dividends distributed in 2019)

Net financial position: -4,264.7 million euro substantially unchanged compared to -4,261 million euro as at 31 March 2020

Liquidity Margin: 2,174.1 million euro as at 30 June 2020, the maturities on financial debt guaranteed for approximately 3 years

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