Italian tyre maker Pirelli & C SpA recorded a 14% increase in net profit and 1.5% in revenue for the first half of 2025, but worsened its annual forecasts.
According to the company’s press release, its net profit in January-June rose to €264 million from €231.3 million in the same period a year earlier.
Adjusted EBIT rose 3.6 per cent year-on-year to €558.3 million, and its profit margin improved to 16 per cent from 15.6 per cent.
Revenue totalled €3.5bn, up from €3.45bn a year earlier. In organic terms, revenue growth was 4.4 per cent.
Pirelli now expects revenue in the range of €6.7bn to €6.8bn in 2025, although the previous forecast called for €6.8bn to €7bn. The forecast for EBIT margin has been confirmed at around 16 per cent.
The company’s shares were up 1.2 per cent in Milan trading on Thursday, the statement said after the close of the stock exchange. Pirelli’s market capitalisation rose 8.2% to €5.85bn at the start of this year.