COOL TEMPERATURES AT SPA AS FORMULA ONE RETURNS AFTER THE SUMMER BREAK PLENTY OF STRATEGIC OPTIONS WITH MEDIUM AND SOFT TYRES: TWO PIT STOPS LIKELY FOR THE RACE LAP TIME DIFFERENCE OF BETWEEN 1.8 TO 2.0 SECONDS ON LONGEST CIRCUIT OF THE YEAR The Formula One season resumed at Spa-Francorchamps in cool conditions: a common feature of the legendary seven-kilometre venue in the foothill of the Ardennes. Track temperatures climbed to just 30 degrees centigrade in the afternoon, with ambient temperatures hovering around 18 degrees centigrade. Mercedes were first and second in both free practice sessions, with Nico Rosberg fastest in the morning on the P Zero White medium tyre, and Lewis Hamilton fastest in the afternoon on the P Zero Yellow soft.
MEDIUM AND SOFT TYRES AS FORMULA ONE RESUMES FOLLOWING THE SUMMER BREAK SPA: THE LONGEST LAP AND ONE OF THE MOST DEMANDING CIRCUITS OF THE YEAR FOR TYRES VARIABLE WEATHER IS A HALLMARK OF THE ARDENNES CIRCUIT The Formula One season resumes after a three-week break for one of the most eagerly-anticipated races of the year: Spa-Francorchamps, where the P Zero White medium tyres and P Zero Yellow soft tyres have been nominated, a softer choice compared to last year, to promote different strategies. At just over seven kilometres in length, Spa is the longest lap of the year, while its mixture of fast straights, flat-out corners, abrasive asphalt and swooping elevations put maximum strain on the tyres.
3D animated video by Pirelli describing the Spa-Francorchamps Circuit
GROWTH OF MAIN ECONOMIC INDICATORS FIRST HALF NET PROFIT +28.5% TO 192.1 MILLION EURO RESULTS DRIVEN BY STRENGTHENING OF PREMIUM (VOLUMES +21.6%), POSITIVE DEMAND DYNAMICS IN EUROPE AND APAC AND BY FURTHER PRICE/MIX IMPROVEMENT (+5.3%) PREMIUM REVENUES GROW TO 56.2% OF CONSUMER SALES (50.5% IN FIRST HALF 2013) EFFICIENCIES OF 48.9 MILLION EURO, EQUAL TO 54% OF FULL-YEAR TARGET PROFITABILITY (EBIT MARGIN BEFORE RESTRUCTURING CHARGES) GROWS TO 14.7% FROM 12.5% IN FIRST HALF 2013 SIGNIFICANT IMPROVEMENT OF PROFITABILITY IN RUSSIA (EBIT MARGIN HIGH-SINGLE-DIGIT) SECOND QUARTER CASH GENERATION BEFORE DIVIDENDS OF 187.1 MILLION EURO (104.3 IN SECOND QUARTER 2013) PIRELLI CONSOLIDATED RESULTS EBIT: +12.6% AT 426.2 MILLION EURO (378.5 MILLION EURO ON 30 JUNE 2013) EBIT MARGIN BEFORE RESTRUCTURING CHARGES AT 14.7% (12.5% ON 30 JUNE 2013), EBIT MARGIN AT 14.3% (12.2% ON 30 JUNE 2013) NET PROFIT: +28.5% AT 192.1 MILLION EURO (149.5 MILLION EURO ON 30 JUNE 2013) TOTAL VOLUMES +1.8%, WITH PREMIUM VOLUMES GROWING 21.6% REVENUES: 2,986.9 MILLION EURO, WITH ORGANIC GROWTH OF 6.7%; -3.3% COMPARED WITH 3,090 MILLION EURO ON 30 JUNE 2013 INCLUDING FOREX EFFECT (-10.0%); PREMIUM REVENUES: 1,285.1 MILLION EURO, WITH ORGANIC GROWTH OF 16.6%; +12.7% INCLUDING FOREX EFFECT (-3.9%) NET FINANCIAL POSITION NEGATIVE 1,935.2 MILLION EURO (1,965.6 MILLION EURO ON 31 MARCH 2014 AND 1,322.4 MILLION EURO ON 31 DECEMBER 2013) TYRE ACTIVITIES EBIT: +11.1% TO 434.0 MILLION EURO (390.6 MILLION EURO ON 30 JUNE 2013) EBIT MARGIN BEFORE RESTRUCTURING CHARGES AT 15.0% (12.9% ON 30 JUNE 2013), EBIT MARGIN AT 14.6% (12.7% ON 30 JUNE 2013) CONSUMER BUSINESS EBIT MARGIN AT 14.9% (12.4% ON 30 JUNE 2013) INDUSTRIAL BUSINESS EBIT MARGIN AT 13.6% (13.5% ON 30 JUNE 2013) REVENUES: 2,980.8 MILLION EURO, WITH ORGANIC GROWTH OF 7.1%; – 3.0% COMPARED WTH 3,072.9 MILLION EURO ON 30 JUNE 2013 INCLUDING FOREX EFFECT (-10.1%) *** MAURIZIO BOIOCCHI NOMINATED GENERAL MANAGER TECHNOLOGY *** 2014 TARGETS ALL TARGETS CONFIRMED As an effect of the underwriting of the agreement for the disposal of 100% of the steelcord activities, this business was classified as a “discontinued operation” and the reclassified result in the financial statements under the heading “results for discontinued operative activities”. The economic indicators relative to the first half of 2014 thus refer to functioning activities and the comparative data for 30 June 2013 have been restated. The first half in summary Milan, 5 August 2014 – The Board of Directors of Pirelli & C
For Pirelli, the exclusive tyre supplier to the Blancpain Endurance Series, the biggest logistical operation in its entire motorsport season: 9000 tyres, 20 trucks, 80 staff and non-stop 24-hour service.
The Lamborghini Super Trofeo in Spa, July 2014
2014 Hungarian Grand Prix – Race RICCIARDO USES THREE STOP STRATEGY TO WIN FINAL RACEBEFORE SUMMER BREAK HEAVY RAIN BEFORE THE START MAKES FOR VERY EXCITING RACING THREE DIFFERENT STRATEGIES AND TYRE CHOICES FOR THE TOP 3 CLASSIFIED Hungaroring, July 27, 2014 – Red Bull driver Daniel Ricciardo has claimed his second career win to maintain his third place in the driver’s championship at the Pirelli-sponsored Hungarian Grand Prix, before Formula One’s annual summer break. Ricciardo used a three stop strategy running the whole race on the P Zero Yellow soft tyre after having started on the Cinturato Green intermediate tyre. Fernando Alonso in his Ferrari held off his second place against Mercedes’ Lewis Hamilton who charged through the field to finish third after having started from the pit lane
2014 Hungarian Grand Prix – Qualifying ROSBERG QUALIFIES ON POLE POSITION WITH P ZERO YELLOW SOFT TYREBY HALF A SECOND SOME DROPS OF RAIN IN QUALIFYING, ON ONE PART OF THE CIRCUIT TWO TO THREE PIT STOPS EXPECTED FOR THE RACE Hungaroring, July 26, 2014 – For the third time in a row and the sixth time this year, Mercedes driver Nico Rosberg has claimed pole position – which should help his prospects in the Hungarian Grand Prix, as 13 wins have been taken from pole at the Hungaroring from 28 races to date. Reigning world champion Sebastian Vettel lines up alongside him in second.
LIMITED DEGRADATION DESPITE HIGH TEMPERATURES AND DEMANDING CORNERS 1.6 SECONDS BETWEEN THE TWO COMPOUNDS: SEVERAL STRATEGY OPTIONS OPEN FOR THE RACE LEWIS HAMILTON QUICKEST FOR MERCEDES IN BOTH SESSIONS WITH MEDIUM AND SOFT TYRES Conditions were dry and warm for both free practice sessions at the Hungaroring, with track temperature rising by 12 degrees centigrade between the morning and afternoon sessions. Mercedes driver Lewis Hamilton was fastest in both sessions, using the P Zero White medium tyre to set his best time in the morning, and P Zero Yellow soft tyre in the afternoon.
MEDIUM AND SOFT TYRES FOR THE HOT AND TWISTY HUNGARORING LOW-GRIP TRACK AND LOW SPEEDS PUT THE EMPHASIS ON MECHANICAL GRIP TEAMS AND PIRELLI HEAD STRAIGHT TO HUNGARY FROM GERMANY FOR THE ONLY EUROPEAN BACK-TO-BACK RACE OF THE YEAR Pirelli, along with the rest of the teams, makes the 800-kilometre journey from Hockenheim to Budapest for the only back-to-back European grand prix weekend of the season. The Hungaroring, the first Formula One venue ever to be built behind the former Iron Curtain back in 1986, is a permanent facility but has many of the characteristics of a street circuit, with tight and twisty corners and a low grip surface that puts the emphasis on mechanical grip. In the past, the race has often been very hot, but rain is not unknown either.
3D animated video by Pirelli describing the Budapest Circuit
2014 German Grand Prix – Race NICO ROSBERG WINS HIS HOME GRAND PRIX WITH TWO-STOP STRATEGY HAMILTON MAKES UP 17 PLACES WITH THREE-STOP STRATEGY SOFT AND SUPERSOFT TYRES ENSURE CLOSE RACINGFROM START TO FINISH Hockenheim, July 20, 2014 – Nico Rosberg has extended his championship lead by winning his home grand prix, using a two-stop strategy with one stint on the P Zero Red supersoft followed by two stints on the P Zero Yellow soft tyre. It was the first time that Rosberg had ever finished on the podium at the German Grand Prix, but the 300th podium finish for Williams, courtesy of Valtteri Bottas – on the podium for the third consecutive time.
2014 German Grand Prix – Qualifying SUPERSOFT THE QUICKEST TYRE IN HOT QUALIFYING CONDITIONS TWO-STOP STRATEGY MOST LIKELY FOR THE GRAND PRIX RISK OF RAIN SHOWERS WILL AFFECT STRATEGY FOR THE RACE TOMORROW Hockenheim, July 19, 2014 – Mercedes driver Nico Rosberg has claimed pole position for his home grand prix, in track temperatures that were just as hot as those seen yesterday. Valtteri Bottas and Felipe Massa were second and third on the grid for Williams. Bottas and Hamilton were the only drivers to progress to Q2 without using the P Zero Red supersoft tyre, which all the other drivers – including Rosberg – used.
FREE PRACTICE TAKES PLACE WITH SOME OF THE HOTTEST TRACK TEMPERATURES SEEN ALL YEAR BETWEEN TWO AND THREE PIT STOPS EXPECTED WITH SOFT AND SUPERSOFT COMPOUNDS CHANGEABLE WEATHER EXPECTED OVER THE REST OF THE WEEKEND Pirelli faced some of the hottest track temperatures seen all year at Hockenheim during free practice, peaking at 57 degrees centigrade. Despite this exceptional heat, the two softest compounds in the range – P Zero Yellow soft and P Zero Red supersoft – performed within the expected parameters at what is a demanding circuit in terms of traction and braking.
SOFT AND SUPERSOFT TYRES FOR A CIRCUIT USED BY FORMULA ONE JUST ONCE EVERY TWO YEARS AFTER AUSTRIA AND SILVERSTONE, ANOTHER VENUE WHERE THE WEATHER CAN BE UNPREDICTABLE FORMULA ONE’S FIRST AND ONLY EUROPEAN BACK-TO-BACK RACES THIS YEAR: TEAMS GO STRAIGHT TO HUNGARY FROM GERMANY Formula One heads to the German Grand Prix this weekend, which alternates each year between the Nurburgring and Hockenheim. This year it is the turn of Hockenheim, last used in 2012: only Pirelli’s second year in Formula One. Hockenheim is really a circuit of two halves: a tight and twisty stadium section, which is quite technical, then a fast series of straights.
PIRELLI RUNS NEW 18-INCH CONCEPT TYRE WITH LOTUS F1 TEAM: THE CENTRE OF ATTENTION AT SILVERSTONE Pirelli’s new 18-inch concept tyres formed the centre of attention at Silverstone, with Lotus F1 Team reserve driver Charles Pic giving the new design its debut on Wednesday morning. Pic headed out shortly after 9am in the current Lotus E22 equipped with the new 18-inch tyres and completed 14 laps of the Silverstone circuit. With the concept tyre designed principally to showcase aesthetics rather than performance, and a general-purpose compound, the lap times were not the focus.
Watch the powerful images of workers, working at an altitude of 30 metres, as they restore the lightening damaged statue of Christ the Redeemer, one of the symbols of Rio de Janeiro.
HAMILTON WINS AT HOME WITH P ZERO WHITE AND P ZERO ORANGE SEVEN OUT OF THE TOP 10 STOP JUST ONCE ON A VERY DEMANDING CIRCUIT FOR TYRES TEAMS WILL REMAIN AT SILVERSTONE FOR IN-SEASON TEST: 18-INCH TYRE to MAKE ITS DEBUT ON WEDNESDAY Mercedes driver Lewis Hamilton claimed his 27th career victory at the British Grand Prix, using a two-stop strategy in a thrilling duel against his team mate Nico Rosberg, where strategy was key. But Rosberg’s eventual retirement meant that Hamilton has closed to within just four points of the championship lead: making every strategic decision and tyre choice more crucial than ever in the future. The race was red-flagged following an accident on the opening lap, with an hour’s delay for barrier repairs
CHANGEABLE CONDITIONS THROUGHOUT QUALIFYINGFOR BRITISH GRAND PRIX WET, INTERMEDIATE, HARD AND MEDIUM TYRES WERE ALL USED ON SATURDAY A WIDE VARIETY OF POTENTIAL STRATEGIES PREDICTED: TWO STOPS MOST LIKELY Mercedes driver Nico Rosberg has qualified in pole position for the British Grand Prix, using the P Zero White medium tyres, which have been nominated along with the P Zero Orange hard tyres at Silverstone this weekend. But today was mostly about the Cinturato Green intermediate tyre, which was frequently used during a qualifying session that was characterised by mixed conditions. So variable was the weather that the hard, medium, intermediate and wet tyres were all used today at some point
2014 British Grand Prix – Practice Sessions CHANGEABLE WEATHER POSSIBLE FOR REST OF THE WEEKEND: ESPECIALLY QUALIFYING TOMORROW BETWEEN TWO AND THREE PIT STOPS EXPECTED IF IT IS A DRY RACEP ZERO ORANGE HARD AND P ZERO MEDIUM TYRES WELL-SUITED TO THE HIGH-SPEED DEMANDS OF SILVERSTONE Silverstone, July 4, 2014 – The British Grand Prix is well known for its variable weather, and although both free practice sessions were held in warm and sunny weather, the forecast for the rest of the weekend is changeable – which could obviously have a profound effect on tyre usage and strategy. The two hardest compounds in the range have been nominated for Silverstone – the P Zero Orange hard and P Zero White medium – as the British track contains the highest lateral loads of the year. The teams ran through their usual programmes during both sessions, assessing each compound on different fuel loads, but this information may not be so relevant if it rains
A PROPOSAL TO PROVIDE A WINDOW INTO FORMULA ONE’S FUTURE TO BE PROGRESSED ONLY IF THE F1 COMMUNITY AGREES ADOPTION OF A LARGER SIZE LEADS TO EVEN GREATER TECHNOLOGY TRANSFER BETWEEN F1 AND ROAD CAR TYRES Pirelli is introducing a new 18-inch tyre design concept to showcase the way that Formula One could look in the near future. But rather than an abstract design, this is a fully functional tyre, capable of completing demonstration runs around Silverstone during the forthcoming in-season test from next Tuesday to next Wednesday (8-9 July). The 18-inch tyre is an idea that Pirelli has promoted ever since the company was first announced as Formula One official tyre supplier back in 2010
3D animated video by Pirelli describing the Silverstone Circuit
British Grand Prix Preview: Silverstone, 3-6 July 2014 HARD AND MEDIUM TYRES FOR THE HIGHEST LATERAL ENERGY LOADING OF THE YEAR VARIABLE WEATHER MAKES STRATEGY HARD TO PREDICT THIRD IN-SEASON TEST OF THE YEAR TO TAKE PLACE AFTER BRITISH GRAND PRIX, WITH FERRARI, MARUSSIA, RED BULL AND LOTUS ALL TESTING FOR PIRELLI Milan, June 30, 2014 – Formula One heads to Silverstone, the home of British motorsport (with no fewer than eight teams based in the UK) and also a second home race for Pirelli, with the company’s logistics hub and ‘centre of excellence’ based in Didcot, less than an hour away from Silverstone. The track is well known for being one of the fastest of the year, putting a high-energy load through the tyres. Making the challenge even harder is the fact that the weather is usually variable, with a high chance of rain at some point during the weekend and a notoriously wide range of temperatures and wind speeds.
2014 Austrian Grand Prix – Race TWO-TOP STRATEGY PROVES THE WINNING CHOICEIN HOT CONDITIONS OF AUSTRIA RACE TACTICS HELP MERCEDES TO JUMP WILLIAMS STRATEGIES IN LINE WITH PRE-RACE SIMULATIONS Spielberg, June 22, 2014 – Race strategy proved key to victory for Mercedes driver Nico Rosberg at the Austrian Grand Prix, who started from third on the grid. The German started behind both Williams drivers, but by stopping before them and maximising the benefit of new tyres – a manoeuvre known as the ‘undercut’ – he was able to gain the lead after the first round of pit stops. Rosberg’s team mate Lewis Hamilton used the same strategy even more effectively
2014 Austrian Grand Prix – Qualifying ALL WILLIAMS FRONT ROW FOR THE FIRST TIME SINCE 2003, USING PIRELLI P ZERO RED SUPERSOFT HIGHER TEMPERATURES FOR QUALIFYING, AS EXPECTED FOR THE RACE TWO PIT STOPS ANTICIPATED, MAKING STRATEGY KEY ON A CIRCUIT WHERE OVERTAKING IS DIFFICULT Spielberg, June 21, 2014 – Felipe Massa has headed up an all-Williams front row, using the Pirelli P Zero Red supersoft tyre. This was Massa 16th pole but his first since Brazil 2008, and the first all-Williams front row since the 2003 German Grand Prix. It is also the first time this season that a Mercedes has not claimed pole position
TWO PIT STOPS EXPECTED FOR THE RACE SOFT AND SUPERSOFT WELL SUITED TO SPIELBERG TRACK: LOW DEGRADATION DURING FREE PRACTICE CHANGEABLE WEATHER IN AUSTRIA, HOTTER CONDITIONS EXPECTED FOR THE REST OF THE WEEKEND Located in the Styrian mountains, the teams got a taste of the changeable weather that characterises the Red Bull Ring, with intermittent rain throughout the day. The second free practice session was dry, enabling Mercedes driver Lewis Hamilton to set a time of 1m09.542s – the shortest lap time of the year – on the P Zero Red supersoft tyres, which have been nominated this weekend together with the P Zero Yellow soft. Although the rain meant that the circuit was mostly ‘green’ – washed clean of any surface rubber, which provides more grip – this tyre combination seems well suited to the Red Bull Ring, which is new to the calendar this year
PIRELLI BRINGS SOFT AND SUPERSOFT FOR THIRD CONSECUTIVE RACE A NEW RACE MEANS A STEP INTO THE UNKNOWN FOR ALL THE DRIVERS AND TEAMS LOW DOWNFORCE MEANS THAT TYRES PROVIDE ALL THE MECHANICAL GRIP The Austrian Grand Prix last appeared on the Formula One calendar in 2003, at the A1 Ring. Eleven years later, the track has been modified and now returns as the Red Bull Ring for round eight of this year’s world championship.
3D animated video by Pirelli describing the Spielberg Circuit
APPROVES DISTRIBUTION OF DIVIDEND OF 0.32 EURO PER ORDINARY SHARE AND 0.39 EURO PER SAVINGS SHARE NEW BOARD OF DIRECTORS NOMINATED VOTE IN FAVOUR OF REMUNERATION POLICY AND NEW LTI PLAN AUTHORIZATION FOR THE ACQUISITION AND DISPOSITION OF OWN SHARES APPROVED *** PIRELLI & C. SPA BOARD OF DIRECTORS MEET: MARCO TRONCHETTI PROVERA CHAIRMAN AND CHIEF EXECUTIVE OFFICER ALBERTO PIRELLI DEPUTY CHAIRMAN Milan, 12 June 2014 – The shareholders of Pirelli & C. SpA met today in ordinary session and approved financial results for 2013, which ended with a consolidated net profit of 306.5 million euro and a parent company net profit of 191.9 million euro, as well as deciding upon the distribution of a dividend of 0.32 euro per ordinary share and 0.39 euro per savings share
HIGH TEMPERATURES WITH TYRE STRATEGY A KEY FACTOR IN MONTREAL FIVE SECONDS SEPARATE THE TOP FIVE IN THE CLOSING STAGES: BOTH ONE AND TWO-STOP STRATEGIES IN CONTENTION FOR THE PODIUM PIRELLI-EQUIPPED FERRARI CHALLENGE: ANOTHER HIGHLIGHT OF THE ACTION IN CANADA High temperatures in Montreal, and a lengthy safety car period right at the beginning of the race, meant that tyre strategy formed a central part of a thrilling Canadian Grand Prix, with the teams having to assimilate to a new set of tyre characteristics compared to the cooler conditions of free practice and qualifying. The race was won by Red Bull driver Daniel Ricciardo, with the top five separated by just five seconds in the closing stages of the race. Tyre strategy was central, with drivers on younger and fresher tyres using them to gain an advantage as the grand prix drew to a close.
ROSBERG USES PIRELLI P ZERO RED SUPERSOFT TO CLINCH POLE HIGHER TEMPERATURES MAKE TYRES WORK HARDER BUT WEAR AND DEGRADATION REMAIN LOW JUST ONE PIT STOP POSSIBLE FOR THE 70-LAP RACE Mercedes driver Nico Rosberg has claimed his seventh career pole position, using the P Zero Red supersoft tyres to set a time of 1m14.874s in hot conditions that peaked at an ambient temperature of 27 degrees centigrade and track temperature in excess of 40 degrees. Once more, pole position was fought mostly between Rosberg and his team mate Lewis Hamilton, with the Englishman lining up second on the grid. The Mercedes, Red Bull and Williams drivers all got through Q1 without using the supersoft tyres, which were then seen on all the cars in Q2 and Q3
MINIMAL DEGRADATION ON THE SOFT AND SUPERSOFT TYRES ONE TO TWO PIT STOPS LIKELY IN WHAT IS OFTEN AN UNPREDICTABLE RACE FERRARI AND MERCEDES FASTEST IN THE TWO FREE PRACTICE SESSIONS Despite the heavy traction and braking demands of the Circuit Gilles Villeneuve in Canada, the P Zero Yellow soft and P Zero Red supersoft tyres that have been nominated for this weekend show limited wear and very little degradation. On the supersoft, there was a very small amount of graining.