Pirelli beats forecasts in Q2, raises FY gross sales goal, Auto News, ET Auto

Pirelli beats forecasts in Q2, raises FY gross sales goal, Auto News, ET Auto

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 The tyremaker guided for revenues between 6.2-6.3 billion euros in 2022, versus a previous forecast of between 5.9-6.0 billion euros.
The tyremaker guided for revenues between 6.2-6.3 billion euros in 2022, versus a earlier forecast of between 5.9-6.0 billion euros.

MILAN – Italy’s Pirelli beat expectations and raised its forecast for full-year revenues on Thursday after working revenue rose 21% within the second quarter regardless of the unfavourable influence of rising manufacturing prices.

Pirelli, the only real provider of Components One tyres, mentioned its adjusted earnings earlier than curiosity and tax (EBIT) got here at 253 million euros ($258 million) within the April-June interval, topping a company-provided analyst consensus of 238 million euros.

The tyremaker guided for revenues between 6.2-6.3 billion euros in 2022, versus a earlier forecast of between 5.9-6.0 billion euros. ($1 = 0.9791 euros)

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