Pirelli stock gets a new defense sector link after decree
Published on 09/29/2026 at 15:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Pirelli stock (ISIN IT0004623051) is navigating a new defense-sector development after first-half 2026 revenue reached EUR 3.495 billion and adjusted EBITDA rose to EUR 815 million. On September 29, 2026, Pirelli said the Italian government had applied special powers to protect strategic defense activities carried out with ABET High Tech Solutions.
Defense status adds a new angle
The decree approved on September 24, 2026, covered Pirelli and ABET HTS activities as well as their joint development agreement for remotely controlled electric ground vehicles. The companies received the decision favorably, while the measures address industrial property, know-how, products, data, and continuity of research and development.
For investors, the event broadens the company story beyond premium tires. The defense connection remains tied to technology protection and research continuity, rather than a disclosed change to Pirelli's core tire strategy.
EBITDA improves while profit falls
According to IT Boltwise on September 19, 2026, first-half revenue was EUR 3.495 billion, compared with EUR 3.499 billion in the same period of 2025. That represents a decline of 0.11 percent, while adjusted EBITDA increased from EUR 793 million to EUR 815 million, a gain of 2.77 percent.
The contrast becomes sharper below the operating line. Net income attributable to shareholders fell from EUR 347 million in the first half of 2025 to EUR 273 million in the first half of 2026, a decrease of 21.33 percent. The figures make margin quality and cash conversion more important than revenue growth alone.
Market value and yearly range
Pirelli's market capitalization was EUR 7.2 billion on September 29, 2026. The 52-week range was EUR 5.31 to EUR 7.17, placing the current valuation context below the yearly high and above the yearly low.
The next investor checkpoint is whether the improved adjusted EBITDA can translate into stronger net earnings and cash generation. The defense decree adds strategic relevance, while the half-year comparison leaves investors with a clear operating-versus-net-income split.
Pirelli stock facts
- Company: Pirelli & C. S.p.A.
- ISIN: IT0004623051
- Ticker: PIRC
- Primary exchange: Borsa Italiana
- Market capitalization: EUR 7.2 billion (as of September 29, 2026)
- 52-week range: EUR 5.31-EUR 7.17 (as of September 29, 2026)
- Sector / Industry: Automobiles / Tires
