Pirelli & C. S.p.A: Industrial Goods & Machinery Company Profile, SWOT & Financial Report by ICDResearch

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									Pirelli & C. S.p.A.

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Pirelli & C. S.p.A.                                                               Financial Snapshot

                                                                                  Operating Performance
Fast Facts
                                                                                  The company reported revenue of US$6,670.33
Headquarters Address                   V.le Sarca 222, Milan, 20126,Italy
                                                                                  million during the fiscal year 2010 (2010). The
                                                                                  company's revenue grew at a CAGR of 0.97% during
Telephone                              + 390264421
                                                                                  2006–2010, with an annual growth of 13.95% over
                                                                                  2009. In 2010, the company recorded an operating
Fax                                    + 390264422670                             margin of 8.15%, as against 5.92% in 2009.

Website                                www.it.pirelli.comsplashindex.html
                                                                                  Revenue and Margins
Ticker Symbol, Stock Exchange          PC, Italian SE (Mercato Continuo Italia)

Number of Employees                    30,344

Fiscal Year End                        December

Revenue (in US$ million)               6,670.33

Revenue (in EUR million)               5,002.75




SWOT Analysis                                                                     Return on Equity

Strengths                              Weaknesses                                 The company recorded a return on equity (ROE) of
                                                                                  1.09% for 2010, as compared to its peers, Continental
Global Presence                        Substantial debts                          Aktiengesellschaft (Ticker: CON), Bridgestone
                                                                                  Corporation (Ticker: 5108) and The Goodyear Tire &
                                                                                  Rubber Company (Ticker: GT), which recorded ROEs
Increased organic sales                                                           of 9.83%, 8.66% and -33.54% respectively. The
                                                                                  company reported an operating margin of 8.15% in
Strong Tire Manufacturing Operations                                              2010.


Opportunities                          Threats                                    Return on Equity

Demand for Eco-Friendly Tires          Changing Labor Conditions

Expansion In Argentina Market          Foreign Exchange Risks

Positive outlook for the global tire
                                       Volatile Raw Materials Prices
industry




                                                                                  Liquidity Position

                                                                                  The company reported a current ratio of 1.05 in 2010,
                                                                                  as     compared       to    its  peers,     Continental
                                                                                  Aktiengesellschaft, Bridgestone Corporation and The
                                                                                  Goodyear Tire & Rubber Company, which recorded
                                                                                  current ratios of 1.12, 1.46 and 1.52 respectively. As
                                                                                  of December 2010, the company recorded cash and
                                                                                  short-term investments of worth US$652.87 million,
                                                                                  against US$330.02 million current debt. The company
                                                                                  reported a debt to equity ratio of 0.57 in 2010 as
                                                                                  compared to its peers, Continental Aktiengesellschaft,
                                                                                  Bridgestone Corporation and The Goodyear Tire &
                                                                                  Rubber Company, which recorded debt to equity
                                                                                  ratios of 1.53, 0.58 and 7.37 respectively.




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Pirelli & C. S.p.A. - SWOT Profile                                                                                        Page 1
Pirelli & C. S.p.A.

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Solvency ..........................................................................................................................................................13
      2.2.5       Valuation ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..................................................................................................................................15
      2.3.1       Efficiency ..........................................................................................................................................................15
      2.3.2       Capital Expenditure ....................................................................................................................................
								
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