Business · Companies · 9 hrs ago
Pirelli reports 7.4% rise in nine-month net profit
Pirelli's net profit rose 7.4% to €430.2 million over nine months.
The company reported revenue of €5.278 billion, up 1.6%, and adjusted operating profit of €840.8 million.
High Value products made up 82% of sales, as that business segment grew in importance.
In the third quarter, revenue rose 5% to €1.7835 billion and adjusted operating profit increased 2.1% to €283 million.
Third-quarter net profit was €131.2 million, down from €136.6 million in the same quarter of 2025.
Pirelli's board approved a bond programme of up to €2 billion, including permission to issue up to €1 billion in bonds within 12 months of regulatory approval of the prospectus.
Pirelli reported net profit of €430.2 million for the first nine months of 2026, up 7.4% from a year earlier.
Revenue rose 1.6% to €5.278 billion, while adjusted operating profit reached €840.8 million.
The High Value segment accounted for 82% of sales.
In the third quarter, revenue increased 5% to €1.7835 billion, while net profit was €131.2 million.
Pirelli also announced two operations in China expected to provide a €71 million benefit to its net financial position.
- Who
- Pirelli.
- What
- Net profit for the first nine months of 2026 rose 7.4% to €430.2 million.
- When
- The first nine months of 2026; the results were reported on November 5, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Pirelli recorded revenue of €1.7835 billion and net profit of €131.2 million.
Pirelli recorded revenue of €5.278 billion and net profit of €430.2 million.
Pirelli’s board approved the results and a new Euro Medium Term Note programme worth up to €2 billion.
- Net profit
- €430.2 million, up 7.4%
- Revenue
- €5.278 billion, up 1.6%
- Adjusted operating profit
- €840.8 million
- High Value share of sales
- 82%
- China operations’ expected benefit
- €71 million to net financial position
2 sources
What people are saying
an increase in investments (267.8 million) mainly allocated to High Value activities, technological upgrading and factory automation and greater cash absorption linked to the dynamics of trade payables