MILAN-Demand for large-rim diameter tires helped to carry Pirelli & C.S.p.A.to a solid first quarter performance that included a bump in year-over-year earnings and sales.The Milan-based tire maker reported an 8-percent year-on-year increase in first quarter earnings helped by a stronger price/mix.For the three months to the end of March,Pirelli posted earnings of around $391 mil-lion on 12-percent higher sales of about $1.8 billion.The Italian group linked the higher revenues to a 15-percent improvement in price/mix,which more than offset a 3-percent decline in volumes due to weaker demand.Supported by higher sales and efficiencies,the earnings gains offset higher raw materials costs,inflation and exchange rates,Pirelli said in a May 11 statement.
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