Pirelli & C SpA (CHIX:PIRCm)
€ 5.141 0.104 (2.06%) Market Cap: 5.10 Bil Enterprise Value: 8.36 Bil PE Ratio: 10.94 PB Ratio: 0.91 GF Score: 77/100

Q1 2019 Pirelli & C SpA Earnings Call Transcript

May 14, 2019 / 04:30PM GMT
Release Date Price: €5.72 (+1.60%)
Operator

Ladies and gentlemen, welcome to Pirelli's conference call, in which the Executive Vice Chairman and CEO of Pirelli, Mr. Marco Tronchetti Provera will present Pirelli's first quarter financial results as of March 31, 2019. I'll remind you that the Q&A session would follow after the presentation. Moreover, a live webcast of the event and the presentation slides are available in the Investor Relations section of the Pirelli website.

Now I would like to introduce, Mr. Marco Tronchetti Provera. Please go ahead, sir.

Marco Tronchetti Provera
Pirelli & C. S.p.A. - Executive Deputy Chairman & CEO

Good evening, ladies and gentlemen, and thank you for joining us today. Let me start with a few comments on our industry. Whereas premium car manufacturers face a difficult 2019 grappling with shift towards electric, tariff uncertainties and Brexit induced volatility, our high value business model confirms its resilience in a market environment where we assume a more cautious view for the full year compared to the beginning of this year.

As for

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