Pirelli confirms outlook after quarterly operating income tops forecasts despite weaker markets

By Reuters News17:45 (UTC), 5 November 2026 Updated

MILAN, Nov 5 (Reuters) - Italian tyre maker Pirelli's PIRC.MI third-quarter operating income rose 2.1% as sales of higher-priced products and cost-cutting measures offset inflationary pressure and lower sales volumes, it said on Thursday.

Pirelli's adjusted earnings before interest and tax (EBIT) were €283 million ($320 million) for the quarter, slightly topping a company-provided analyst consensus of €275 million
Pirelli said the result was also supported by exchange rates and cost containment measures to mitigate the impact of the Middle East crisis
The company confirmed its 2026 forecasts set earlier this year, despite a worsening of wider market conditions, but added it now expected revenue of between €6.85 billion and €6.95 billion, the upper end of its previously announced range of €6.75 billion to €6.95 billion.
The forecast for the full-year adjusted EBIT margin was confirmed at around 16%
In the third quarter, revenue grew 3% year-on-year, with the EBIT margin narrowing to 15.9% from 16.3% a year earlier

($1 = 0.8880 euros)