Q2 2022 Pirelli & C SpA Earnings Call Transcript
Ladies and gentlemen, welcome to Pirelli's Conference Call in which Pirelli's top management will present the company's First Half 2022 Financial Results. A live webcast of the event and the presentation slides are available in the Investor Relations section of the Pirelli website. I remind you that the Q&A session will follow after the presentation.
Now I would like to introduce you to Mr. Marco Tronchetti Provera. Please go ahead, sir.
Thank you. Good evening, ladies and gentlemen. The first 6 months of the year were characterized by a growing volatility of the macroeconomic scenario, worsened by the China lockdown measures, the Russia-Ukraine conflict and the rising inflation of rates.
Despite these headwinds, Pirelli closed the first half with a clear year-on-year improvement and ranks among the best in the industry, confirming the effectiveness of our business model as highlighted by strengthening the car, 18 inches and above, thanks to our solid
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