Pirelli’s Q1 net income slips 52% y/y to USD45.7 million

News

Company continues to strengthen presence in high-margin premium tire segment

Pirelli’s net income dropped 52% year-over-year (y/y) to EUR40.4 million (USD45.7 million, 31 March 2016) in the first quarter ended 31 March 2016, the Italy-based tire-maker said in a press release.

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