Revenue distribution by sectors:

• Tire manufacturing: 100% (main business area)

TOP 3 markets:

• Europe: approx. 40%
• North America: approx. 25%
• Asia-Pacific: approx. 20%

Pirelli & C. S.p.A. is a leading company in tire manufacturing and generates its revenues mainly from this sector. The geographical distribution of revenues shows a strong presence in Europe, followed by North America and the Asia-Pacific region. These markets are crucial for the company as they offer both high demand and growth opportunities.

Production sites of Pirelli:

• Italy
• Brazil
• Romania
• Mexico
• China
• Russia
• USA
• Germany

Pirelli & C. S.p.A. is a globally active tire manufacturer with production facilities in several countries. The main production sites are located in Italy, where the company originated. In addition, Pirelli has significant production capacities in Brazil, Romania, and Mexico to serve the Latin American and European markets.

In Asia, Pirelli operates plants in China to benefit from the proximity to the local markets. The production sites in Russia and the USA support the market presence in these regions. In Germany, Pirelli produces high-performance tires, primarily intended for the European market.

Revenue Growth: 7.5% (estimated for 2024)
R&D Investments: 4.5% of revenue (2024)

Pirelli & C. S.p.A. pursues a strategy focused on innovation and sustainability to secure future growth. The company continuously invests in research and development to expand its product range and achieve technological advancements. A particular emphasis is placed on the development of high-performance tires and environmentally friendly products.

Furthermore, Pirelli plans to strengthen its market presence in emerging markets, especially in Asia and Latin America. Through strategic partnerships and local production facilities, the company aims to enhance its competitiveness and market share in these regions.

Another key element of the growth strategy is digitalization. Pirelli relies on digital technologies to increase efficiency in production and enhance customer experience. This includes expanding e-commerce platforms and digital services to intensify direct customer interaction.

Main raw materials: Natural rubber, synthetic rubber, carbon black, chemicals

Countries of origin:

• Natural rubber: Thailand, Indonesia, Malaysia
• Synthetic rubber: USA, Germany, Japan
• Carbon black: China, India, USA
• Chemicals: Various European countries, USA

Pirelli & C. S.p.A. is heavily dependent on the procurement of raw materials such as natural and synthetic rubber, which are essential for tire production. Natural rubber is mainly imported from Southeast Asia, with Thailand, Indonesia, and Malaysia being the leading suppliers.

Synthetic rubber is sourced from countries with advanced chemical industries such as the USA, Germany, and Japan. Carbon black, a key component for tire production, is imported from China, India, and the USA. Chemicals needed in production come from various European countries and the USA.

This diversification of supply chains helps Pirelli minimize the risks of supply shortages and maintain production stability.

Market Share: Approximately 10% in the global premium tire market (2023)

R&D Investments: 6% of revenue (2023)

Brand Strength: Ranking among the top 3 in the premium segment

Pirelli & C. S.p.A. holds a significant competitive advantage in the premium tire market. With a market share of around 10% in this segment, the company positions itself as one of the leading providers.

A key factor contributing to this competitive advantage is the strong brand presence and high reputation that Pirelli enjoys in the premium segment. This is supported by continuous investments in research and development, accounting for about 6% of revenue. These investments enable Pirelli to develop innovative products and differentiate itself from the competition.

Additionally, Pirelli benefits from strategic partnerships and a strong presence in motorsport, further increasing brand awareness and solidifying its image as a premium manufacturer.

Institutional Investor Share: approximately 60% (2025, estimate based on historical data)

Insider Purchases/Sales: No significant changes (2025, estimate)

The institutional investor share at Pirelli & C. S.p.A. traditionally stands at around 60%, indicating the trust of large investors in the company's stability and growth potential.

In 2025, there were no significant insider purchases or sales, suggesting that the management and other insiders have largely maintained their positions. This can be seen as a sign of confidence in the current company strategy and market development.

These assessments are based on the most recent available data and typical market trends for the company.

Market share of Pirelli & C. S.p.A.: approx. 5% (2025, estimated)

Top competitors and their market shares:

1. Michelin: approx. 15%
2. Bridgestone: approx. 14%
3. Goodyear: approx. 10%
4. Continental: approx. 9%
5. Sumitomo Rubber Industries: approx. 6%
6. Pirelli & C. S.p.A.: approx. 5%
7. Hankook: approx. 4%
8. Yokohama: approx. 3%
9. Zhongce Rubber Group: approx. 2%
10. Apollo Tyres: approx. 2%

Pirelli's Economic Moat:

Pirelli is known for its specialization in premium and high-performance tires, which can be considered a significant economic moat. This specialization allows Pirelli to differentiate itself in a specific market segment and create a strong brand perception. Additionally, Pirelli has a long tradition and experience in tire manufacturing, leading to high product quality.

However, compared to its competitors, Pirelli has a smaller market share, indicating that its economic moat may not be as wide as that of larger competitors like Michelin or Bridgestone. These companies have a broader product range and a stronger global presence, giving them a competitive advantage.

Overall, Pirelli has a significant advantage in the premium segment, but larger competitors could have a stronger economic moat due to their extensive resources and broader market presence.

Revenue Growth: 6.5% (2024) EBITDA Margin: 19.8% (2024) R&D Investments: 6.0% of revenue (2024)

Pirelli & C. S.p.A. recorded a revenue growth of 6.5% in 2024. This indicates solid demand for their products, especially in the premium tire segment, known for its high margin. The EBITDA margin of 19.8% shows that the company operates efficiently and is able to manage its cost structure well.

Another positive aspect is the investment in research and development, amounting to 6.0% of revenue. These investments are crucial for developing innovative products and maintaining competitiveness, especially in a rapidly evolving market like the automotive industry.

In summary, Pirelli demonstrates strong operational performance and invests in forward-looking areas. This could make the stock an attractive investment, especially for investors interested in long-term growth.

Dividend Yield: 4.5% (estimated for 2025)
Dividend History: Continuous payout in recent years

Pirelli & C. S.p.A. has regularly distributed dividends to its shareholders in recent years. The dividend yield is estimated to be around 4.5% for 2025, based on the latest available data and the company's dividend policy.

The reliability of Pirelli's dividend payment can be considered high, as the company has a stable financial position and has made consistent payouts in the past. Analysts expect Pirelli to continue its dividend policy in the coming years, provided there are no significant economic or company-specific challenges.