Pirelli's revenue increased significantly in the first half of net profit growth of nearly 30%

In the first half of the year, Pirelli ’s operating income and profits achieved double-digit growth, and progress was made in the high-end tire sales market and efficiency measures in FY2014.

The report shows that in the first half of 2014, the company’s operating income jumped 12.6% to US$584.6 million (3.6 billion yuan), net profit increased 28.5% to US$263.5 million; sales revenue fell 3.3% to US$4.1 billion. It is related to the loss of foreign currency exchange losses.

Among them, sales of high-end products jumped 56.2% to 1.76 billion US dollars, accounting for 43% of total sales. In contrast, revenue from the Pirelli Commercial Tire business fell, both in actual figures and including foreign exchange losses. Passenger car tire sales rose 5.1%, while commercial vehicle tire sales fell 7.4%, and overall sales rose 1.8%.

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