Retail

2013 vs. 2012: Pirelli's sales were up 1.2%

Posted on April 3, 2014

Pirelli & C. SpA posted net income of 303.6 million euros on net sales of more than 6.1 billion euros for its fiscal year ended Dec. 31, 2013. That compares to income of 387.1 million euros on sales of nearly 6.1 billion euros for fiscal 2012.

Based on the average exchange rate for 2013, Pirelli recorded net income of $403 million on net sales of more than $8.1 billion last year. Its income-to-sales ratio was 4.9%.

Operating income was flat, decreasing only slightly from 792.5 million euros in 2012 to 791 million euros last year.

Tire sales accounted for 99.5% of the company’s net sales.

Consumer tire sales, which include motorcycle tires, made up 73.2% of total tire sales, or nearly 4.5 billion euros (more than $5.9 billion). They were up 1.3% in euros compared to 2012. Pirelli says “premium tire sales” were up 15.3%.

Pirelli predicts consolidated sales in fiscal 2014 will be close to 6.2 billion euros.

Related Topics: Pirelli financials

Comments ( 0 )
More Stories
John Van Heel says the pressure from online sales channels benefits bigger players, and ultimately helps Monro's acquisition strategy.
News

Online Tire Sales Don’t Scare Monro

“It’s nice to be wanted, but it’s even nicer to be needed.” In a nutshell, that’s Monro Muffler Brake Inc.’s philosophy when it comes to online tire sales.  

News

Brake Jobs Help Monro's Existing Stores Boost Sales

The fact that overall sales at Monro Muffler Brake Inc. increased in the first quarter of fiscal 2018 is hardly news. The company's aggressive approach to acquisitions helps it continually add to the sales column. But in the latest quarter, Monro's existing, comparable stores helped the bottom line, too. And that's news.  

News

Nexen Explores Partnership Options With an Investment Company

  Nexen Tire Corp. has signed a memorandum of understanding "to explore strategic partnership opportunities" with Mubadala Investment Co. The strategic investment fund has made a direct investment in the tire maker as part of the agreement.  

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!