International crisis impacts Pirelli results

摘要

Pirelli's results for the first nine months of 2008 show the impact of the international crisis. In volume terms, the replacement channel, which determines most of Pirelli's tyre sales, was affected by a reduction in consumer and industrial segment demand, especially in the Western markets. The original equipment channel, says the company, was hurt by the strong contraction of new car sales, especially in Western Europe (10% in the third quarter, 5 % in the first nine months compared with 2007) and in North America (15 % in the third quarter, 11 % in the first nine months compared with 2007).