Key data

GLOBAL PREMIUM TYRE LEADER WITH UNIQUE FOCUS ON CONSUMER SEGMENT

Revenues

€5,352 Mln

Adj.EBIT
w/o start-up costs

€927 Mln

(Margin 17.3%)

140+ years

of heritage

Icon brand globally
recognized

Exclusive F1
supplier

˜50%

Market Share Prestige
Car Manufactureres

  1. Excluding non recurring, one-off and extraordinary items.
  2. Include prestige, new premium (≥18”), specialties e super specialties
  3. Percentage based on 2017 Consumer revenues net of Moto only.

Revenue
by channel

Revenue
by region

Production
capacity

€ million

FY 2014 FY 2015 FY 2016 FY 2017
carve-out carve-out restated reported
4.480 4.785 4.976 5.352
2.035 2.484 2.755 3.078
2.445 2.301 2.222 2.274
890 1.021 1.082 1.175
654 769 844 927
0 0 0 (50)
654 769 844 876
(6) (6) (105) (110)
(24) (55) (53) (93)
220 (364) 164 263
281 388 297 387
(130) (278) (75) (41)
99 158 25 61
297 349 342 489
1.038 1.241 4.913 3.218
181 187 209 222
175 177 191 200
  1. Adjusted Revenues: calculated by subtracting the contribution to the consolidated financial statements made by Pirelli Venezuela C.A. (to account for the deconsolidation of such company) from Revenues from sales and services.
  2. Adjusted EBITDA: calculated by adjusting EBITDA for non-recurring, restructuring expenses, other adjustments, the contribution to the consolidated financial statements made by Pirelli Venezuela C.A. and the contribution to the consolidated financial statements made by the Steelcord activities.
  3. Adjusted EBIT: calculating by adjusting Operating profit (EBIT) for amortization of intangible assets included in PPA, non-recurring, restructuring expenses, other adjustments, the contribution to the consolidated financial statements made by Pirelli Venezuela C.A. and the contribution to the consolidated financial statements made by the Steelcord activities.
  4. Net Income Adjusted: calculated by adjusting Total net income (loss) for EBIT adjustments, the Venezuela deconsolidation, Net financial expenses and Tax.
  5. Start-up costs are related to (i) the start-up phase of programs addressing new customer requirements such as connectivity (cyber assets) and our return to the bicycles business (the Velo project), (ii) activities addressing the digital transformation of society, and (iii) work on the conversion of the Aeolus car factory acquired on October 1, 2016, from the production of Aeolus-brand products to Pirelli-brand products.

€ million

FY 2014 FY 2015 FY 2016 FY 2017
carve-out carve-out restated reported
4.480 4.785 4.976 5.352
1.857 2.013 2.093 2.238
678 833 935 984
519 660 713 806
1.009 868 824 916
220 180 163 160
196 232 249 249
  1. Adjusted Revenues: calculated by subtracting the contribution to the consolidated financial statements made by Pirelli Venezuela C.A. (to account for the deconsolidation of such company) from Revenues from sales and services.

€ million

FY 2014 FY 2015 FY 2016 FY 2017
carve-out carve-out restated reported
2.155 2.075 3.557 2.980
674 657 6.497 5.894
368 392 246 247
174 260 236 (80)
137 (24) (311) (42)
31 0 0 61
3.498 3.360 10.225 9.059
1.850 1.636 3.275 4.177
609 483 2.037 1.664
1.038 1.241 4.913 3.218
3.498 3.360 10.225 9.059

€ million

FY 2015 FY 2016 FY 2017
carve-out carve-out reported
566 831 772
198 280 200

key sustainability
metrics

In the following section the sustainability KPIs from the past three years are reported, as indicated by the adopted reporting standard (GRI). The historical values preceding the exit of the Industrial Business from the Group’s scope have been recalculated in order to guarantee their comparison with 2017 data.

Revenues
by region

click to highlight the region values