Pirelli & C. SpA (IT:PIRC) has released an update.
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Pirelli & C. SpA has reported solid financial results for the first nine months of 2024, with a revenue increase driven by strong performance in high-value segments and an enhanced product mix. The company recorded an adjusted EBIT margin rise to 15.7% and confirmed its 2024 targets, showcasing resilience despite challenging market conditions. Pirelli’s innovation and commercial programs continue to bolster its position, particularly in the high-value tire market.
For further insights into IT:PIRC stock, check out TipRanks’ Stock Analysis page.
