Retail

Pirelli achieved revenue, income gains in 2006

Order Reprints

Pirelli & Cie SpA achieved revenues of 4.8 million euros during 2006 versus 4.5 million euros the previous year. Pirelli's operating income rose more than 8% from 2005 to 401 million euros.

The Italian company's Pirelli Tyre division grew its sales by 8.7% during 2006. The unit's operating income rose 4.1% over 2005 numbers.

"The positive impacts linked to sales growth, product mix and improved efficiency, combined with the exchange rate contribution, more than compensated the increase of costs of production factors and in particular of raw materials," say Pirelli officials.

Related Articles

Accuride announces net gain in 1Q

VIP Tires Shows Why You Should Still Tell Your Story in 2020

M&A During Downturns: Historic Trends Point to Bright Future

You must login or register in order to post a comment.