Pirelli & C Spa Azioni (PLLIF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Pirelli's conference call in which Pirelli top management will present companies nine months 2025 results. A webcast of the event and the presentation slides are available in the investor relator section for the Pirelli website. I remind you that the Q&A session will follow the presentation. Now, I would like to introduce Mr. Marco Tronchetti-Provera. Please go ahead, sir. Thank you and good evening, everybody. The result for the first nine months of 2025, I like the resilience of our business model, capable of generating value in challenging external environment marked by geopolitical and trade tensions and high exchange rate volatilities. We closed the first nine months with organic revenue growth of 3.7%, thanks to the effective commercial strategy that has enabled us to gain market share in the high-value segment. Profitability that remains the best among our peers, solid cash generation in Q3, supported by improved operating performance and carefully working capital management. International evolution of the CyberTide and continuous broad innovation have contributed to strengthen our technological leadership. In the U.S., CyberTide was acknowledged to be the most innovative vehicle to everything, technology by tech breakthrough, a leading platform for innovation in the automotive industry. This award confirms the role of CyberTide as a central element for the smart mobility of the future. which includes autonomous driving, connected vehicles and digitalization of infrastructures. We have also signed an agreement with Aston Martin to integrate cyber-type technology into the British manufacturer's upcoming models, introducing advanced features. Finally, our leadership in product innovation was recognized by major European secto...