Pirelli updates the plan to 2025, revises dividends upwards. For 2024 Pirelli expects revenues of between approximately 6.6 and 6.8 billion.
Profitability is expected to progressively improve, with an adjusted EBIT margin in 2024 of between > 15% and 15.5% and further growth in 2025 to around 16%. The gross efficiencies, equal to 140 million euros in 2024 and equal to 135 million in 2025, will totally offset the impact of inflation. The dividend policy has been revised upwards, which envisages the distribution of approximately 50% of the consolidated net result.