Pirelli stock gets an ownership update as CAA reaches 29.89 percent

Published on 10/04/2026 at 17:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pirelli stock is linked to a 29.89 percent ownership position reported on October 2, 2026. First-half adjusted EBITDA reached EUR 815 million, up from EUR 793 million.

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Pirelli stock is tied to a fresh ownership disclosure after CAA acquired 3.34 percent of the company, bringing the Marco Tronchetti Provera chain to 29.89 percent on September 23, 2026. Teleborsa reported the position on October 2, 2026, while also disclosing a 5.30 percent Goldman Sachs stake dated September 24, 2026.

Ownership reaches 29.89 percent

The ownership change follows Pirelli's September investment decision in the United States. The company approved a EUR 1 billion multi-year plan for its Rome, Georgia, plant, with implementation starting in 2027 and annual capacity targeted at 6 million car tires by 2033.

According to Pirelli on September 22, 2026, the expansion will include Cyber Tyre technology and is expected to create 1,000 jobs. The company said the project will not change its 2026 targets.

Operating profit improves in H1

Pirelli's first-half 2026 figures show higher operating earnings alongside a lower bottom line. IT Boltwise reported revenue of EUR 3.495 billion for the period, adjusted EBITDA of EUR 815 million versus EUR 793 million in the first half of 2025, and net income attributable to shareholders of EUR 273 million versus EUR 347 million.

That combination matters for the stock: the operating comparison improved by EUR 22 million, but shareholder profit declined by EUR 74 million. The numbers leave margin quality and cash conversion as the key tests for the next reporting cycle.

Consensus target stays above price

MarketScreener listed a Buy mean consensus from 15 analysts, with an average target of EUR 7.16 against a last close of EUR 6.575. Using the October 2 price of EUR 6.57, the average target lies 8.98 percent above the price.

Stock remains below yearly high

Pirelli was last at EUR 6.57 on Euronext Milan on October 2, 2026, at 5:35 p.m. CEST, down EUR 0.02 or 0.30 percent from the prior close. The price stood 8.37 percent below the 52-week high of EUR 7.17, keeping the ownership news and the US investment plan in tension with the weaker first-half net profit.