Pirelli's Q1 FY 2026 revenues decline marginally to €1.7B, EBIT margin rises 10 bps to 16%

Pirelli updated its 2026 financial outlook, expecting full-year revenue between approximately €6.75 billion and €6.95 billion

Pirelli’s revenues declined 1.2% year over year to €1.7 billion in the first quarter ended March 31, 2026. Sales, excluding foreign exchange impacts and scope of consolidation, increased 3.5% year over year. Volumes increased by 1.5% year over year, driven by the positive performance of High Value, while Price/Mix improved by 2%, supported by an improved product mix. The High Value segment accounted for 82% of Pirelli’s revenues in the first quarter compared with 81% during the same period in 2025.