Pirelli changed its structure. Pirelli stock trades 1.80 percent lower.

Published on 10/08/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pirelli stock costs EUR 6.56 on October 8, 2026 versus EUR 6.68, down 1.80 percent. Adjusted EBIT was EUR 558 million in the first half of 2026.

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Pirelli (ISIN IT0005278236) was trading at EUR 6.56 at Lang & Schwarz on October 8, 2026 at 12:28 p.m. CEST, down 1.80 percent versus the prior close of EUR 6.68. Pirelli changed its organizational structure on September 22, 2026, when the board approved the elimination of the corporate general management function and the transition of Francesco Tanzi through December 31, 2026, according to Pirelli. The announcement combines an immediate governance change with a long-dated industrial investment plan.

First-half margin holds at 16.00 percent

In the first half of 2026, adjusted EBIT reached EUR 558.00 million and the adjusted EBIT margin stayed at 16.00 percent, according to Yahoo Finance. Net profit rose 13.00 percent year over year to EUR 299.00 million, while revenue reached EUR 3.50 billion with organic growth of 2.50 percent in the same period.

The financial picture is mixed by segment. High-value volumes grew 3.50 percent in the first half, while group second-quarter volume declined 1.50 percent as Pirelli reduced exposure to the lower-profit standard segment, according to the earnings-call transcript. For investors, the stable margin matters because it shows that price mix and efficiency gains offset foreign-exchange, input-cost and tariff pressure.

US investment is a 2033 growth project

Pirelli's Rome, Georgia plan starts in 2027 and is designed to lift annual capacity to 6 million car tires by 2033, with 1,000 new jobs expected, according to Pirelli. The first phase uses MIRS robotic production and the second adds an automated conventional facility, with each phase planned to contribute 3 million tires annually at full operation.

The timing limits the plan's near-term earnings impact: Pirelli said the project will not affect its 2026 targets, while production capacity is expected to build from 2028. That makes execution, demand in the US high-value market and the conversion of local manufacturing into margin growth the key operating questions through the decade.

Stock trades below the prior close

Pirelli was trading at EUR 6.56 at Lang & Schwarz on October 8, 2026 at 12:28 p.m. CEST, down 1.80 percent against the prior close of EUR 6.68. The 52-week range is EUR 5.31 to EUR 7.17, and market capitalization is EUR 7.1 billion as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Pirelli stock.