NICO ROSBERG WINS MONACO GRAND PRIX WITH ONE-STOP STRATEGY, SETTING HIS FASTEST LAP ON 39 LAP-OLD SOFT TYRES VERY LOW WEAR AND DEGRADATION THROUGHOUT THE RACE WIDE VARIETY OF DIFFERENT STRATEGIES FROM ONE TO THREE PIT STOPS Mercedes driver Nico Rosberg has won the Monaco Grand Prix using a one-stop strategy, starting on the P Zero Red supersoft tyre and then switching to the P Zero Yellow soft. The German now becomes only the fourth driver in history to win the Monaco Grand Prix for three consecutive years, after claiming his second consecutive victory of the 2015 season to close up the fight for the championship.
LEWIS HAMILTON CLAIMS HIS FIRST EVER POLE POSITION IN MONACO, USING NEW PIRELLI SUPERSOFT TYRE ONE STOP RACE EXPECTED FOR TOMORROW, DUE TO LOW WEAR AND DEGRADATION ALL SETS OF SUPERSOFT TYRES USED IN QUALIFYING: NO NEW SUPERSOFT TYRES FOR THE TOP 10 Mercedes driver Lewis Hamilton has claimed his first pole position in Monaco. Hamilton went fastest around the streets of the Principality in qualifying using Pirelli’s new P Zero Red supersoft, which is about a second per lap faster than the P Zero Yellow soft that is also nominated this weekend.
LEWIS HAMILTON FASTEST FOR MERCEDES IN FP1 AND FP2: VERY LITTLE RUNNING IN FP2 DUE TO HEAVY RAIN LOTUS DRIVER PASTOR MALDONADO IS THE ONLY COMPETITOR TO RUN ON THE NEW 2015 SUPERSOFT TYRE NEW ASPHALT, NEW BARRIER LOCATIONS AND LOW TEMPERATURES ALTER THE CHARACTERISTICS OF THE MONACO STREET CIRCUIT There was very little action during free practice today at Monaco, with the second free practice session featuring limited running due to heavy rain. With not so much rain forecast for the rest of the weekend, the teams decided that there was little to be learned by heading out in the slippery conditions, with the notorious Monaco barriers in close proximity. After an overnight rainstorm the track was damp at the start of FP1 in the morning, meaning that the first runs were all carried out on the Cinturato Green intermediate tyre
In fulfilment of the requirements of article 131 of the Regolamento Emittenti(Consob Issuers Regulation) 11971/99 herewith attached the updated extract of the Share PurchaseAgreements signed on April 10, 2015 by and between China National Tire & Rubber Corporation, Ltd.and Edizione S.r.l.. The extract is also publishedon the Pirelli website www.pirelli.com. PDF Version (140 KB)
Monaco Grand Prix Preview: Monte Carlo, May 20-24, 2015 P ZERO RED SUPERSOFT, WITH A COMPLETELY NEW COMPOUND, MAKES ITS GP DEBUT ON THE SLOWEST AND MOST TWISTY CIRCUIT OF THE YEAR WITH THE LOWEST AVERAGE SPEED OF THE SEASON, MECHANICAL GRIP FROM THE TYRES IS ALL-IMPORTANT DESPITE THE DIFFICULTY OF OVERTAKING, TYRE DEGRADATION AND STRATEGY CAN HELP DRIVERS GAIN TRACK POSITION Milan, May 18, 2015 – The Monaco Grand Prix is the most prestigious race on the calendar, where the P Zero Red supersoft makes its debut this year, alongside the P Zero Yellow soft. The supersoft compound offers the most grip and performance of Pirelli’s entire F1 entire range, with a brand new compound for 2015. This is a low working range tyre, with a rapid warm-up ideally suited to the sinuous streets
TEAMS TEST ENTIRE 2015 P ZERO SLICK TYRE RANGE AT BARCELONA, AS WELL AS PROTOTYPE DEVELOPMENT TYRES FOR THE FUTURE FOUR TEAMS CARRY OUT TESTING ON BEHALF OF PIRELLI: FERRARI, MERCEDES, RED BULL AND TORO ROSSO NICO ROSBERG TOPS THE TIME SHEETS FOR MERCEDES, USING THE SOFT TYRE Every single slick compound of Pirelli’s 2015 range took to the track for the first in-season test of the year at Barcelona: the third test session in total to be held this year at Montmelo, following two pre-season tests there as well. Mercedes driver Nico Rosberg was fastest in the test, going quickest on the opening morning using the P Zero Yellow soft tyre. The teams used mostly the hard and medium compounds for the Barcelona test, although there was some runs on the supersoft as well: the tyre that will be seen in action for the first time this year at the Monaco Grand Prix in just over a week.
FURTHER STRENGTHENING OF PREMIUM, WHICH TODAY REPRESENTS ABOUT 59% OF CONSUMER REVENUES (COMPARED WITH 57% IN FIRST QUARTER Q1 2014); PREMIUM VOLUMES GREW +10% EFFICIENCIES OF 21.1 MILLION EURO, EQUAL TO 23% OF FULL-YEAR TARGET CONSOLIDATED RESULTS REVENUES: 1,568.4 MILLION EURO, GROWTH OF 6.5% COMPARED WITH 1,473.2 MILLION EURO ON 31 MARCH 2014; +2.4% EXCLUDING POSITIVE FOREX EFFECT OF +4.1% EBIT: +4.5% TO 210.1 MILLION EURO (201.0 MILLION EURO ON 31 MARCH 2014) EBIT MARGIN 13.4% (13.6% ON 31 MARCH 2014), EBIT MARGIN BEFORE RESTRUCTURING CHARGES 13.6% (14% ON 31 MARCH 2014) NET PROFIT FOR CONTINUING OPERATIONS: +12.2% TO 101.4 MILLION EURO (90.4 MILLION ON 31 MARCH 2014) NET FINANCIAL POSITION NEGATIVE 1,732.9 MILLION EURO (1,965.6 MILLION EURO ON 31 MARCH 2014 AND 979.6 MILLION ON 31 DECEMBER 2014), IN LINE WITH USUAL BUSINESS SEASONALITY TYRE ACTIVITIES REVENUES: 1,565.3 MILLION EURO, AN INCREASE OF 6.5% COMPARED WITH 1,469.5 MILLION ON 31 MARCH 2014; +2.4% EXCLUDING POSITIVE FOREX EFFECT (+4.1%) PREMIUM REVENUES: 726.9 MILLION EURO, AN INCREASE OF 13.6% COMPARED WITH 639.9 MILLION ON 31 MARCH 2014 PRICE/MIX IMPROVES TO +3.7% AS A RESULT OF GOOD PREMIUM PERFORMANCE TOTAL VOLUMES -1.3% (CONSUMER +0.4%, INDUSTRIAL -6.7%) BECAUSE OF MARKET DECLINE IN LATAM AND RUSSIA EBIT: +4.1% TO 213.3 MILLION EURO (204.9 MILLION ON 31 MARCH 2014) EBIT MARGIN 13.6% (13.9% ON 31 MARCH 2014); EBIT MARGIN BEFORE RESTRUCTURING CHARGES 13.8% (14.3% ON 31 MARCH 2014) 2015 TARGETS CONSOLIDATED EBIT CONFIRMED AT ~930 MILLION EURO AFTER RESTRUCTURING EXPENSES OF ABOUT 40 MILLION EURO TOTAL REVENUES CONFIRMED AT ~6.4 BILLION EURO DERIVING FROM: -VOLUMES’ GROWTH EXPECTED AT ABOUT +2% (PREVIOUS ESTIMATE: EQUAL TO ABOVE +3%). PREMIUM GROWTH CONFIRMED AT EQUAL TO OR ABOVE +10% WITH AN ACCELERATION IN EMERGING MARKETS, APAC IN PARTICULAR -PRICE/MIX GROWTH EXPECTED AT AROUND +4% (PREVIOUS ESTIMATE: EQUAL TO OR ABOVE +4%) -POSITIVE EXCHANGE RATE EFFECT OF ABOUT +1% (PREVIOUS ESTIMATE: ~-1%) IN CONSIDERATION OF THE APPRECIATION OF THE US DOLLAR INVESTMENTS CONFIRMED AT BELOW 400 MILLION EURO CASH GENERATION BEFORE DIVIDENDS CONFIRMED AT EQUAL TO OR ABOVE 300 MILLION EURO BEFORE THE DISPOSAL OF STEELCORD NET FINANCIAL POSITION ESTIMATED ABOUT 850 MILLION EURO As a consequence of the underwriting of the agreement for the sale of 100% of the steelcord activities, signed on February 28h 2014, this business has been classified as a “discontinued operation” and consequently the results for 2014 and for the first quarter of 2015 have been reclassified in the accounts under the heading “results for disposed operating activities”.
2015 Spanish Grand Prix – Race DIFFERENT TWO-STOP AND THREE-STOP STRATEGIES ON THE PODIUM AS ROSBERG TAKES DEBUT WIN OF 2015 WARM TRACK TEMPERATURES PROVIDE PERFECT RACING CONDITIONS FOR P ZERO ORANGE HARD AND P ZERO WHITE MEDIUM TYRES FIRST IN-SEASON TEST OF THE YEAR TAKES PLACE ON TUESDAY AND WEDNESDAY AFTER THE SPANISH GRAND PRIX Barcelona, May 10, 2015 – A variety of different two-stop and three-stop strategies characterised the battle for the podium at the Spanish Grand Prix sponsored by Pirelli: a closely poised race where tyre strategy made a crucial difference. While Nico Rosberg led from start to finish for the first time all year, stopping just twice, his Mercedes team mate Lewis Hamilton went head-to-head against Ferrari’s Sebastian Vettel on opposing tyre strategies.
P ZERO WHITE MEDIUM TYRES HELP NICO ROSBERG TO BREAK HIS TEAM MATE’S MONOPOLY OF THIS YEAR’S POLE POSITIONS TWO STOPS THE MOST LIKELY STRATEGY, IN SPITE OF HIGH TEMPERATURES AND FAST CORNERS THAT TAKE ENERGY OUT OF THE TYRES MERCEDES AND FERRARI DRIVERS SAVE A SET OF MEDIUM TYRES FOR THE RACE Mercedes driver Nico Rosberg has broken Lewis Hamilton’s monopoly of this year’s pole positions, going fastest in qualifying for the Spanish Grand Prix, which is sponsored by Pirelli. With track temperatures peaking up to 49 degrees, the P Zero Orange hard tyres and P Zero White medium tyres had plenty of work to do, but once again delivered a consistent performance.
2015 Spanish Grand Prix – Practice Sessions WEAR AND DEGRADATION WITHIN EXPECTATIONS DESPITE HIGH TEMPERATURES AND AN ABRASIVE SURFACE IN SPAIN MORE THAN ONE SECOND BETWEEN THE HARD AND MEDIUM COMPOUNDS Barcelona, May 8, 2015 – The free practice sessions in Barcelona today put the contained wear and degradation of the 2015 Pirelli Formula One compounds in evidence, underlining the trend that was initially seen at the Spanish circuit during pre-season testing. Improvements to the rear tyre structure for 2015 have helped distribute heat and forces more evenly, limiting wear and degradation despite the fact that the latest generation of hybrid turbocharged cars are putting out even more torque than last year. As a result the front-left tyre was once more the limiting factor during free practice, held in track temperatures in excess of 50 degrees centigrade, and this is expected to remain the case for the rest of the weekend
P ZERO ORANGE HARD AND P ZERO WHITE MEDIUM TYRES MAKE A RETURN IN BARCELONA, WHERE PIRELLI IS TITLE SPONSOR OF THE GRAND PRIX FRONT-LEFT TYRE IS WORKED HARDEST ON ONE OF THE MOST DEMANDING CIRCUITS OF THE YEAR FORMULA ONE, GP2 AND GP3 TOGETHER FOR THE FIRST TIME IN 2015: TWO-DAY IN-SEASON TEST TO FOLLOW THE GRAND PRIX Formula One returns to Barcelona – which hosted two of the 2015 pre-season tests – but this time the weather will be much warmer, placing even greater demands on the tyres. Coupled with high-energy corners and the roughest asphalt seen all year, this makes the P Zero Orange hard and P Zero White medium the ideal choice for the Spanish Grand Prix, where the GP2 and GP3 Series will also compete on Pirelli tyres. Paul Hembery, Pirelli motorsport director: “Spain is obviously one of the more familiar venues that we go to, as there has already been plenty of data gathered during testing.
PIRELLI ANNOUNCES NOMINATIONS FOR SPAIN, MONACO, CANADA AND AUSTRIA Milan, April 22, 2015 – Pirelli has nominated the tyres that will be used in the grands prix of Spain, Monaco, Canada and Austria. The nominations are the same as 2014, but with the cars going faster this year, there is more energy going through the tyres. In Spain, Pirelli will bring the P Zero Orange hard and P Zero White medium: the two hardest tyres in the range.
Pirelli will also take to the field alongside Javier Zanetti and the other great champions who made the history of soccer, in the charity initiative “Zanetti and Friends Match For Expo Milano 2015” which will take place at the Stadio Meazza on May 4th, 2015. The event, which from the field of San Siro wants to give a symbolic “kick off” to the Universal Exposition which begins on May 1st, sees Pirelli in the role of Top partner for the initiative and as jersey sponsor for the team that will go up against one carrying the Alfa Romeo brand, the match’s other Top partner.
PIRELLI: ANNUAL FINANCIAL REPORT FOR 2014 DEPOSITED TOGETHER WITH REPORT ON POLICY RELATING TO MATTERS OF REMUMERATION
SHAREHOLDERS’ MEETING OF MAY 14, 2015 With reference to the Shareholders’ Meeting called for May 14, 2015, the Company states that today the annual financial Report for 2014 (complete with all reports) – together with the Report relating to Policy in matters of remuneration – is available to the public at the Company’s headquarters, in Milan at Viale Piero e Alberto Pirelli 25, and at Borsa Italiana S.p.A., we well as being published on the Company’s website www.pirelli.com and via the authorized stocking mechanism www.1info.it. PDF Version (23,4 KB)
PIRELLI: SHAREHOLDERS’ MEETING OF MAY 14, 2015 CAMFIN WILL PROPOSE CONFIRMATION OF DIRECTORS CO-OPTED ON JULY 10, 2014 With reference to the ordinary Shareholders’ Meeting of Pirelli & C. SpA called for May 14th, 2015, in sole call, to deliberate, among other things, with regard to the nomination of the members of the Statutory Auditors Committee, the Company announces that, within the expected terms, two lists of candidates have been deposited by Camfin S.p.A.
2015 Bahrain Grand Prix – Race MIXED TACTICS ENSURE CLOSE BATTLES FROM START TO FINISH FALLING TRACK AND AIR TEMPERATURES ADD EXTRA COMPLEXITY TO STRATEGY DECISIONS RAIKKONEN USES ALTERNATIVE TWO-STOP STRATEGY TO CLAIM SECOND PLACE ON PENULTIMATE LAP AND CHALLENGE FOR THE LEAD Manama, April 19, 2015 – The spectacular Bahrain Grand Prix, held under lights in the evening with falling track and ambient temperatures, provided a high-speed tactical battle, during which drivers chose an assortment of two-stop and three-stop strategies. Two stops were expected for most of the drivers (even though a three-stopper was theoretically faster) due to the problem of passing cars in traffic. But the pace of the medium tyre, which worked extremely well in the falling track temperatures, allowed more drivers to make use of the faster strategy and opened up several options
LEWIS HAMILTON, ON NEW SOFT TYRES, CLAIMS FOURTH CONSECUTIVE POLE POSITION: HIS FIRST IN BAHRAIN TWO STOPS THE MOST LIKELY STRATEGY FOR TOMORROW’S RACE MERCEDES, FERRARI, WILLIAMS AND THE TORO ROSSO OF SAINZ ARE THE ONLY CARS IN TOP 10 WITH ONE NEW SET OF SOFT TYRES AVAILABLE FOR THE RACE Mercedes driver Lewis Hamilton has kept up his clean sweep of all the pole positions so far this season, using the P Zero Yellow soft tyre – nominated together with the P Zero White medium this weekend – to claim his first pole in Bahrain. Qualifying in Bahrain got underway in the evening with a track temperature of 31 degrees and ambient temperature of 26 degrees. Temperatures continued to fall as the session went on: a track characteristic that will repeat itself during tomorrow’s race, which starts at the same time.
LOW THERMAL DEGRADATION FROM BOTH MEDIUM AND SOFT COMPOUNDS IN CONDITIONS REPRESENTATIVE OF THE RACE TWO SECONDS SEPARATE THE TWO COMPOUNDS SO FAR SANDSTORM POSSIBLE FOR TOMORROW The Friday free practice sessions were in marked contrast to each other in Bahrain. The opening FP1 session at 2pm was held in ambient temperatures in excess of 35 degrees centigrade and track temperatures in excess of 50 degrees centigrade, while FP2 at 6pm took place in darkness, with ambient temperatures below 30 degrees and track temperatures in the region of 32.
PIRELLI AND ROSNEFT IDENTIFY SYNTHOS AS TECHNOLOGICAL PARTNER FOR SYNTHETIC RUBBER DEVELOPMENT IN NAKHODKA
THE 3 GROUPS SIGN MOU FOR FEASIBILITY STUDIES FOR THE PROJECT Pirelli and Rosneft, in the context of the Memorandum of Understanding signed last year, have identified Synthos, a leading manufacturer of chemical raw materials based in Poland, as their technological partner for the development of research, production and supply relating to synthetic rubber in Nakhodka, in the context of the FEPCO (Far East Petrochemical Company) petrochemical cluster. Pirelli, Rosneft and Synthos have thus signed a Memorandum of Understanding to conduct feasibility studies for these activities which regard the engineering design requisites and the operation of the plant, market studies, investments and estimates of operating costs.
In fulfilment of the requirements of article 129 of the Regolamento Emittenti (Consob Issuers Regulation) 11971/99 here attached is the extract of the Share Purchase Agreements signed on April 10, 2015 by China National Tire & Rubber Corporation, Ltd. and Edizione S.r.l. that will be published by its underwriters tomorrow, April 15th, 2015 in the daily newspaper Italia Oggi.
Bahrain Grand Prix Preview: Manama, April 16-19, 2015 P ZERO WHITE MEDIUM AND P ZERO YELLOW SOFT TYRES FOR THE FIRST EVENING GRAND PRIX OF THE SEASON TRACK TEMPERATURES FALL AS THE RACE GOES ON FIRST GP2 RACE OF THE YEAR, ALSO SUPPLIED BY PIRELLI Milan, April 13, 2015 – Bahrain, a favoured testing venue in the past on account of its year-round warm weather, hosts the third race of the season where the medium and soft compounds have been nominated, like Australia and China. Unlike these, it is a twilight race: starting in the evening and finishing in the dark. As a result, track and air temperatures tend to fall as the race goes on
2015 Chinese Grand Prix – Race HAMILTON WINS IN CHINA WITH SOFT-SOFT-MEDIUM TWO-STOP STRATEGY LOWER DEGRADATION THAN EXPECTED, ESPECIALLY ON SOFT TYRES TWO-STOP STRATEGIES FOR THE MAJORITY OF DRIVERS, WITH OTHER VARIATIONS FURTHER DOWN THE FIELD Shanghai, April 12, 2015 – Mercedes driver Lewis Hamilton has claimed his second win of the season in Shanghai, underlining his status as the most successful driver in the history of the Chinese Grand Prix with four wins, having started from pole. The top four used an identical two-stop strategy, with two opening stints on the soft tyre followed by a final stint on the medium tyre. Hamilton set the fastest lap of the race on the soft tyre during his second stint.
2015 Chinese Grand Prix – Qualifying LEWIS HAMILTON CLAIMS POLE FOR MERCEDES ON P ZERO YELLOW SOFT TYRE TWO-STOP STRATEGY MOST LIKELY FOR MAJORITY OF DRIVERS, BUT THREE-STOPPER ALSO POSSIBLE MERCEDES AND FERRARI ARE THE ONLY TEAMS IN TOP 10 TO HAVE NEW SETS OF SOFT TYRES AVAILABLE FOR THE RACE Shanghai, April 11, 2015 – Mercedes driver Lewis Hamilton continued his clean sweep of pole positions throughout the 2015 season and claimed his fifth pole in China, thanks to a time of 1m35.782s on the P Zero Yellow soft tyre. His team mate Nico Rosberg lines up alongside him on the grid tomorrow, just 0.042 seconds behind. Mercedes built their advantage from Q1, when they were the only team to get through the session using only the medium tyre, which was nearly two seconds slower than the soft.
EXEMPLARY DURABILITY FROM PIRELLI P ZERO WHITE MEDIUM AND P ZERO YELLOW SOFT TYRES: NEARLY NO GRAINING DESPITE COOL TEMPERATURES PERFORMANCE GAP OF APPROXIMATELY 1.6-1.7 SECONDS BETWEEN THE TWO COMPOUNDS IN SHANGHAI A TWO-STOP RACE LIKELY FOR SUNDAY’S GRAND PRIX The Chinese Grand Prix presented a marked contrast to conditions in Malaysia two weeks ago, with ambient temperatures around 20 degrees centigrade today. In the past, these cool temperatures have often resulted in ‘graining’ – a phenomenon that occurs here when the tread surface cools down on the long straights.
FORMULA ONE HEADS TO CHINA WITH MEDIUM AND SOFT TYRES: THE SAME CHOICE AS THE SEASON-OPENER IN AUSTRALIA ONCE AGAIN, AFTER MALAYSIA, TYRE STRATEGY IS SET TO BE CRUCIAL ALSOIN THE COOLER CONDITIONS OF SHANGHAI VARIABLE WEATHER AND FLOWING CORNERS PERFECTLY SUITED TO THE MOST VERSATILE TYRES IN PIRELLI’S RANGE The Chinese Grand Prix has become well known for providing some exciting races characterised by tyre strategy in recent years. With fast corners, a smooth surface, and plenty of overtaking opportunities, the P Zero White medium and P Zero Yellow soft tyres should be well suited to the conditions, which are generally temperate. Paul Hembery, Pirelli motorsport director: “The weather tends to be quite unpredictable in China, although generally we can expect to see temperatures that are significantly cooler than those we experienced in Malaysia.
The company recalls that on February 12, 2015 it released to the market preliminary data for 2014. The present communique as well as reporting the same economic indicators already announced in February, includes new elements, such as net profit and dividends, approved by today’s meeting of the Board of Directors. TOTAL NET PROFIT: +8.6% TO 332.8 MILLION EURO (306.5 MILLION EURO IN 2013) AFTER VENZUELA IMPACT OF 72 MILLION EURO AND ADJUSTMENT OF THE VALUE OF FINANCIAL SHAREHOLDINGS THE BOARD TO PROPOSE TO SHAREHOLDERS’ MEETING THE DISTRIBUTION OF A DIVIDEND OF 0.367 EURO PER ORDINARY SHARE (0.32 PRIOR YEAR) AND 0.431EURO PER SAVINGS SHARE (0.39 EURO PRIOR YEAR) CONSOLIDATED RESULTS EBIT: +6.8% TO €837.9 MILLION (€784.7 MILLION IN 2013), IN LINE WITH 2014 TARGET OF APPROX.
2015 Malaysian Grand Prix – Race FERRARI CLAIMS FIRST WIN SINCE SPAIN 2013 WITH A TWO-STOP STRATEGY IN EXTREMELY HOT CONDITIONS LIMITED DEGRADATION FROM THE START OF THE WEEKEND ON A TRACK SURFACE HOT ENOUGH TO COOK AN EGG DIFFERENT TACTICS FOR MERCEDES AND SPLIT STRATEGIES FOR HAMILTONAND ROSBERG: ON THE PODIUM FOR THE SECOND TIME THIS YEAR Sepang, March 29, 2015 – Four-time world champion Sebastian Vettel took the first win for Ferrari since Spain in 2013 and his own first victory since Brazil in 2013, using a two-stop strategy in the hottest possible conditions and on very abrasive asphalt to finish in front of both Mercedes drivers. Vettel started on the P Zero White medium tyres and stopped for the mediums again on lap 17, finishing the race on the P Zero Orange hard compound from lap 37.
SPLIT STRATEGIES DURING RAIN-AFFECTED QUALIFYING: HAMILTON ON POLE WITH CINTURATO INTERMEDIATE FERRARI DRIVERS AND WILLIAMS DRIVER VALTTERI BOTTAS THE ONLY ONES TO USE JUST THE P ZERO HARD TYRE IN Q1 THREE-STOP STRATEGY MOST LIKELY FOR A HOT GRAND PRIX TOMORROW Just like last year in Malaysia, the final qualifying session was held in wet conditions with the Mercedes of Lewis Hamilton clinching pole position, using the Cinturato Green intermediate tyre. Ferrari’s Sebastian Vettel was runner-up, less than a tenth of a second off Hamilton’s time on the same tyre. The Ferrari drivers and the Williams of Valtteri Bottas were the only competitors to get through Q1 using the hard tyre only, saving a set on new medium tyres for the race, with all the others going straight out on the medium.
2015 Malaysian Grand Prix – Practice Sessions TRACK TEMPERATURES OF 56 DEGREES, SIMILAR TO THE HIGHEST TEMPERATURES IN 2014, CAUSE HIGH WEAR AND DEGRADATION PERFORMANCE GAP OF APPROXIMATELY 0.9-1.0 SECONDS BETWEEN HARD AND MEDIUM COMPOUNDS NO BLISTERING DESPITE THE EXTREME CONDITIONS: WET WEATHER STILL POSSIBLE FOR QUALIFYING AND THE RACE Sepang, March 27, 2015 – The highest temperature seen on track last year was 57 degrees centigrade during the Brazilian Grand Prix weekend – and that record came close to being beaten today, with track temperatures in Sepang that peaked at 56 degrees in FP2. In these tough conditions, with high-energy corners and significant downforce loads, wear and degradation is inevitably high, with low grip due to surface overheating. So far, there is a performance gap of 0.9 to 1.0 seconds between the P Zero Orange hard and P Zero White medium compounds that have been nominated for this weekend.
With this transaction the sale of Pirelli’s steelcord business is complete Pirelli and Bekaert successfully finalized the sale to Bekaert of Pirelli’s steelcord activities in Yanzhou, Shandong Province, China. With this transaction, the transfer of Pirelli’s steelcord business to Bekaert is now complete. This follows the transfer from Pirelli to Bekaert of steelcord plants in Figline (Italy), Slatina (Romania), Sumaré (Brazil) and Izmit (Turkey)
In fulfilment of the requirements of article 129 of the Regolamento Emittenti (Consob Issuers Regulation) 11971/99 here attached are the extracts of the shareholder agreements that will be published by its underwriters tomorrow, March 27th 2015 in the daily newspaper Il Sole 24 Ore. PDF Version (127 KB)
Malaysian Grand Prix Preview: Sepang, March 26-29, 2015 MEDIUM AND HARD P ZERO COMPOUNDS FOR HIGH TEMPERATURES AND ABRASIVE ASPHALT OF MALAYSIA TROPICAL CLIMATE MAKES IT LIKELY FOR 2015 CINTURATO INTERMEDIATE AND FULL WET TYRES TO MAKE THEIR COMPETITIVE DEBUT FASTER LAP TIMES GIVE EVEN MORE WORK TO THE TYRES IN SEPANG Milan, March 23, 2015 – The Malaysian Grand Prix: an abrasive surface with high heat and humidity makes this race a true test for drivers, cars and tyres. Nearly every afternoon there is an intense downpour, making it likely to see the Cinturato tyres in competitive action for the first time this year. Paul Hembery, Pirelli motorsport director: “The Australian Grand Prix two weeks ago confirmed what we saw in testing: lap times that are two seconds or more faster this year compared to last year, in every session
At the request of Consob, with reference to rumours which have been circulating in the media in recent days – in particular those contained in the article published by Corriere della Sera On March 19th, 2015 (“Pirelli, nuovi soci e governance – Allo studio un riassetto con opa”) – Pirelli states that as of today it has not received any formal communication about the launch of a mandatory tender offer. PDF Version (19,3 KB)
AUSTRALIAN GRAND PRIX CONFIRMS LAP TIME REDUCTION BY TWO SECONDS IN EVERY SESSION COMPARED TO 2014, HELPED BY PIRELLI’S NEW REAR CONSTRUCTION Milan, March 19, 2015 – Analysis of the data from the Australian Grand Prix has shown that the cars were around two seconds quicker per lap during every session compared to 2014, a trend set to continue throughout the rest of this season. During last year’s Australian Grand Prix, which was held in similar race conditions, the best time of the weekend was 1m29.375s (in FP3, soft tyre): a benchmark that already came close to being broken in FP1 this year, with the cars straight out of the box. The quickest time of the weekend this year was 1m26.327s (in qualifying, soft tyre): a full three seconds faster than 2014 when the fastest time of the weekend was in FP3, due to a wet qualifying