British Grand Prix Preview: Silverstone, July 2-5, 2015 THE TWO HARDEST COMPOUNDS IN THE RANGE FOR SILVERSTONEWHERE SPEEDS AND TYRE ENERGY ARE HIGH SIGNIFICANT LEVELS OF DEGRADATION EXPECTEDESPECIALLY IF TEMPERATURES ARE WARM SILVERSTONE: A SECOND HOME RACE FOR PIRELLI, WITH THE ITALIAN FIRM’S ENGINEERING ‘CENTRE OF EXCELLENCE’ BASED NEARBY IN DIDCOT Milan, June 29, 2015 – The P Zero Orange hard and P Zero White medium tyres have been selected for the British Grand Prix at Silverstone: a fast and flowing circuit that takes a lot out of the tyres, especially during the many high-speed corners. This results in plenty of wear and degradation, especially if ambient temperatures are high – which is expected to be the case this year.
“A MUSE IN THE WHEELS. PIRELLI: A CENTURY OF ART AT THE SERVICE OF ITS PRODUCTS”: IN ONE BOOK THE RELATIONSHIP BETWEEN PIRELLI AND THE GREAT…
THE VOLUME EDITED BY CORRAINI GATHERS 450 IMAGES BY OVER 200 ARTISTS AND ILLUSTRATORS, PROTAGONISTS OF PIRELLI’S COMMUNICATION BETWEEN THE 19TH AND 20TH CENTURIES A SELECTION OF IMAGES AND PHOTOGRAPHS ON SHOW FOR THE PUBLIC AT MILAN’S TRIENNALE MUSEUM UNTIL SUNDAY JUNE 28TH TALENTS FROM PRESTIGIOUS INTERNATIONAL SCHOOLS OF DESIGN WILL PRODUCE FOR PIRELLI NEW STORIES AND IMAGES THE PIRELLI FOUNDATION’S COLLECTION AVAILABLE BY THE PUBLIC THANKS TO AN IMPORTANT DIGITAL PROJECT Retracing the relationship between art and Pirelli through 450 images – produced between the 19th and 20th centuries – by over 200 internationally famous artists to advertise Pirelli tyres, celebrate the group’s industrial anniversaries and illustrate the magazine “Pirelli”, whose pages, from 1948 to 1972, hosted articles, illustrations and images from the stars of literature, journalism, photography and Italian art. This is the meaning of the volume “A MUSE IN THE WHEELS. Pirelli: a century of art at the service of its products”, edited by Corraini Edizioni thanks to a project developed by the Fondazione Pirelli a curated by Giovanna Ginex
DRY CONDITIONS FOR SECOND DAY OF FINAL IN-SEASON TEST, AFTER OPENING MORNING IS RED-FLAGGED DUE TO HEAVY RAIN FERRARI, MERCEDES, AND TORO ROSSO HELP PIRELLI TEST PROTOTYPES WITH A VIEW TO THE 2016 TYRE RANGE NICO ROSBERG TOPS THE TIME SHEETS FOR MERCEDES USING THE SUPERSOFT TYRE Pirelli was able to try out some new materials that could be incorporated within the 2016 Formula One tyre range at the final in-season test of the year, which took place at Spielberg after the Austrian Grand Prix. All the teams apart from Manor took part in the test, with a number of them running test and reserve drivers, including Formula One debutants such as Ferrari’s Antonio Fuoco and Toro Rosso’s Marco Wittmann. The first day of the test was stopped by heavy rain on Tuesday morning, which led to a red flag that halted the morning’s running.
PIRELLI: BOARD RETAINS DEUTSCHE BANK AND GOLDMAN SACHS AS ADVISORS FOR THE CONSIDERATION OF THE ANNOUNCED CAMFIN-CHEMCHINA TENDER OFFER
INDEPENDENT BOARD MEMBERS WILL RETAIN CITIGROUP GLOBAL MARKETS LTD The Board of Directors of Pirelli & C. SpA (“Pirelli”) met today in Milan and retained Deutsche Bank and Goldman Sachs International for the role of financial advisors, to support the Board with the considerations for which it will be called regarding the transaction between Camfin S.p.A., China National Chemical Corporation (“ChemChina”) and China National Tire & Rubber Corporation Ltd (“CNRC”) announced on March 22nd, 2015. The Board also appointed Deutsche Bank and Goldman Sachs as independent experts in accordance with and as an effect of article 39 of the Regolamento Emittenti (Issuers’ Code) adopted by Consob, effective from the moment of the announcement of the “launch” of the mandatory public tender offer for the totality of the ordinary capital of Pirelli and the voluntary public tender for the totality of Pirelli’s savings shares According to what was announced on March 22nd, 2015, the public tender offer will be promoted by a newly constituted company (“Bidco”), indirectly controlled by ChemChina and CNRC, following the completion of the acquisition of the stake held by Camfin of Pirelli’s share capital
2015 Austrian Grand Prix – Race EARLY SAFETY CAR INFLUENCES THE RACE,CONFIRMING A ONE-STOP STRATEGY LONG STINTS ON BOTH SOFT AND SUPERSOFT TYRES AS DRIVERS TRY ALTERNATIVE STRATEGIES TO COMBAT GRID PENALTIES FINAL IN-SEASON TEST OF THE YEAR TAKES PLACE ON TUESDAY AND WEDNESDAY AFTER THE AUSTRIAN GRAND PRIX Spielberg, June 21, 2015 – An early safety car at the Austrian Grand Prix meant that a one-stop strategy was the default choice for the vast majority of competitors. The safety car following the opening lap of the race meant that the cars ran slowly for four laps when they were at their heaviest with fuel. Despite some spots of rain earlier in the day, the race remained dry with cool ambient temperatures from 16 to 18 degrees centigrade and track temperatures from 24 to 27 degrees centigrade.
2015 Austrian Grand Prix – Qualifying HAMILTON CLAIMS POLE FOR AUSTRIAN GRAND PRIX IN MIXED CONDITIONS: RAIN ALSO POSSIBLE FOR RACE DAY TOMORROW ONE PIT STOP LOOKING MOST LIKELY FOR THE RACE, EVEN THOUGH A TWO-STOPPER IS THEORETICALLY QUICKER Spielberg, June 20, 2015 – Mercedes driver Lewis Hamilton has claimed pole at the Austrian Grand Prix, following an exciting qualifying session run in mixed weather conditions. Hamilton set his best time in Q3 using the P Zero Red supersoft tyre, which is around 0.7 seconds per lap quicker than the soft tyre, also nominated for the race.
2015 Austrian Grand Prix – Practice Sessions FERRARI DRIVER SEBASTIAN VETTEL FASTEST IN FREE PRACTICE ON P ZERO RED SUPERSOFT SHORT CIRCUIT LAYOUT IN AUSTRIA LEADS TO LOW WEAR AND DEGRADATION, WITH JUST 0,7 SECOND BETWEEN THE TWO COMPOUNDS COOL WEATHER FOR FREE PRACTICE: RAIN EXPECTED AT SOME POINT DURING THE REMAINDER OF THE WEEKEND Spielberg, June 19, 2015 – Ferrari driver Sebastian Vettel set best time at the end of free practice with the PZero Red supersoft tyre. Despite skies that threatened rain, both free practice sessions today remained dry, with FP2 – run at the same time as the qualifying and the race – getting underway with 22 degrees of asphalt temperature and lately reaching 25°.
PIRELLI ANNOUNCES TYRE NOMINATIONS FOR SILVERSTONE, HUNGARORING, SPA, AND MONZA Milan, June 18, 2015 – Pirelli has confirmed the 2015 tyre choices up to its home grand prix in Italy. For Silverstone, a fast and flowing circuit that puts plenty of energy through the tyres, the two hardest compounds in the range are nominated: P Zero Orange hard and P Zero White medium. This race will be followed by the Hungaroring, Spa and Monza, where the P Zero White medium and P Zero Yellow soft tyres have been nominated – but for very different reasons, to match the varied characteristics of each track.
SOFT AND SUPERSOFT FOR THIRD CONSECUTIVE RACE: RED BULL RING OFFERS LOW GRIP, TEAMS RUN HIGH DOWNFORCE TYRE DEMANDS ON THE AUSTRIAN CIRCUIT ARE CONTAINED: A TWO-STOPPER WAS WINNING 2014 STRATEGY IN HOT CONDITIONS SMALL PERFORMANCE GAP BETWEEN THE TWO COMPOUNDS SHOULD LEAD TO STRATEGY VARIATIONS For the third race in succession, the P Zero Yellow soft and P Zero Red supersoft tyres have been nominated. The demands on the tyres are relatively low, with two straights and reasonably slow corners.
The minutes of the shareholders’ meeting of Pirelli & C. SpA – which took place on May 14th, 2015 – are available to the public from today at the Company’s headquarters, Borsa Italiana SpA and through the authorized stocking mechanism “NIS-Storage” (www.emarketstorage.com), as well as being published online at www.pirelli.com. PDF Version (36 KB)
2015 Canadian Grand Prix – Race VERY LOW TYRE DEMANDS OF MONTREAL CIRCUIT MEANS THAT 30 LAPS OR MORE ARE POSSIBLE ON NEW SUPERSOFT COMPOUND TOP-THREE FINISHERS USE THE SAME ONE-STOP STRATEGY: DIFFERENT STRATEGIES, INCLUDING TWO-STOPPERS, FURTHER DOWN THE FIELD VETTEL AND MASSA USE STRATEGY TO FINISH IN THE POINTS DESPITE STARTING THE RACE FAR OUT OF POSITION Montreal, June 7, 2015 – Tyre wear and degradation were extremely low at the Circuit Gilles Villeneuve in Canada, enabling a one-stop strategy for the majority of competitors and long runs on both the soft and new supersoft compounds. The performance difference between the two compounds was less than a second, meaning that a number of other strategies were also possible. Mercedes driver Lewis Hamilton won the race from pole ahead of his team mate Nico Rosberg, claiming his 37th career victory to extend his lead in the drivers’ championship to 17 points
P ZERO RED SUPERSOFT TYRES PERFORM STRONGLY IN TEMPERATE CONDITIONS, DESPITE LITTLE RUNNING BEFORE QUALIFYING A WIDE VARIETY OF STRATEGIES POSSIBLE FOR THE RACE: LESS THAN A SECOND BETWEEN THE TWO COMPOUNDS MERCEDES DRIVERS USE ONE FEWER SET OF SUPERSOFT TYRES TOGETHER WITH THE WILLIAMS OF VALTTERI BOTTAS Mercedes driver Lewis Hamilton, carrying race number 44, has set the 44th pole position of his career in Montreal, using Pirelli’s P Zero Red supersoft tyre – just as he did in Monaco. His team mate Nico Rosberg completed a Mercedes monopoly of the front row. The teams did not have much opportunity to get used to the performance of the supersoft, with yesterday’s FP2 interrupted by rain, and FP3 this morning delayed with red flags.
SECOND FREE PRACTICE SESSION INTERRUPTED BY HEAVY RAIN, LIMITING RUNNING ON NEW SUPERSOFT TYRE LEWIS HAMILTON FASTEST ON P ZERO RED SUPERSOFT, BEATING HIS BENCHMARK FROM THE SAME SESSION LAST YEAR CHANGEABLE WEATHER STILL POSSIBLE FOR THE REST OF THE WEEKEND: MANY DIFFERENT STRATEGIES EXPECTED For the second grand prix running, the second free practice session on Friday was interrupted by heavy rain – just as was the case in Monaco two weeks ago. As a result, the teams had limited running on the new for 2015 P Zero Red supersoft tyre – nominated together with the Yellow soft compound this weekend – which made its debut at the Monaco Grand Prix. Before the rain came, well into the hour and a half FP2 session, a few drivers were able to sample this new tyre – with some teams exploring the possibility of just a one-stop strategy on Sunday
SOFT AND SUPERSOFT AGAIN FOR CANADA: ANOTHER SEMI-PERMANENT FACILITY WITH THE EMPHASIS ON MECHANICAL GRIP ACCELERATION AND BRAKING ARE THE KEY CHARACTERISTICS: MEDIUM DEMANDS ON THE TYRES, AS THERE ARE NO LONG CORNERS MORE THAN ONE PIT STOP LIKELY, WITH HIGHER LONGITUDINAL LOADS THAN MONACO, A MORE SEVERE TRACK, AND OPPORTUNITIES TO USE STRATEGY Canada has the same tyre nomination as Monaco – soft and supersoft – but quite a different challenge. The track is a lot more demanding for tyres than Monaco, which should lead to a greater degree of wear and degradation. The biggest forces at work are longitudinal (acceleration and braking) rather than lateral (cornering) – and these are the factors that influence wear and degradation in Canada.
PIRELLI WINS THE “GOLD TROPHY AWARD” FOR THE 2013 ANNUAL REPORT, ONE OF THE HIGHEST LEVELS OF RECOGNITION FOR GRAPHICS AT THE WORLD LEVEL
THE 2013 ANNUAL REPORT ALSO WINS THIRD EUROPEAN LEVEL PRIZE AT THE EUROPEAN DESIGN AWARDS “Spinning the wheel”, the Pirelli 2013 annual report which involved ten international talents who were invented to reinvent the wheel through their respective disciplines, won two design and graphics prizes. The Pirelli Annual Report, in fact, received the Gold Trophy Award, one of the highest levels of recognition at the world level awarded by the International Design Awards (IDA) and the third prize in the Annual Report category just assigned by the jury of the European Design Awards in Istanbul. With graphics jointly developed with the Cacao Design agency, the 2013 annual report was selected from among thousands of volumes from around the world and the recognition confirms Pirelli’s excellence in the areas of design and communication.
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.