Pirelli & C Spa Azioni (PLLIF) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.257 conference call in which Pirelli top management will present companies 00:00:05.257 -- 00:00:07.120 full year 2024 00:00:07.120 -- 00:00:09.903 preliminary results. 00:00:09.903 -- 00:00:14.969 A live webcast of the event and the presentation slides are available in the 00:00:14.969 -- 00:00:19.372 investor relations section of the Pirelli website. 00:00:20.256 -- 00:00:24.761 I remind you that the Q&A session will follow after the presentation. 00:00:24.761 -- 00:00:28.506 Now I would like to introduce Mr. Marco Tronchetti-Provera. 00:00:28.506 -- 00:00:30.068 Please go ahead, sir. 00:00:30.068 -- 00:00:33.614 Thank you and good evening, ladies and gentlemen. 00:00:33.614 -- 00:00:35.758 The results for 2024 00:00:35.758 -- 00:00:42.546 confirm the resilience of our business model in a challenging external environment. 00:00:42.630 -- 00:00:49.121 We strengthen our positioning in high value, our main growth driver. 00:00:49.121 -- 00:00:54.333 The effectiveness of internal levers price mix and efficiencies led 00:00:54.333 -- 00:00:59.679 to an improvement in profitability, the highest among Tier 1 players. 00:00:59.679 -- 00:01:05.165 Finally, we reduced debt with a cash generation above the target. 00:01:05.165 -- 00:01:09.830 Important progress was also made in the sustainability front. 00:01:09.830 -- 00:01:14.876 The safeguard of health and safety in the workplace and the development of people 00:01:14.876 -- 00:01:17.496 remain our priorities. 00:01:18.112 -- 00:01:23.859 We are strongly committed to the development of products and materials with lower 00:01:23.859 -- 00:01:28.924 environmental impact. And finally, we accelerated the decarbonisation 00:01:28.924 -- 00:01:34.551 process along the value chain. The results cons...