Prometeon s 2020 earnings off slightly on 15% lower sales
Prometeon s 2020 earnings off slightly on 15% lower sales
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MILAN, Italy Prometeon Tyre Group S.r.l (PTG), the former Pirelli commercial tire business, reported a slight drop in pre-tax operating income in fiscal 2020 on 15.2% lower sales.
Operating income (EBITDA) fell to $140.8 million on sales of $1.04 billion. As a result, the operating margin rose nearly a point and a half to 13.6%, the company said.
Net earnings fell 65.4% to $3.07 million.
Prometeon attributed much of the sales decline to an exchange rate effect in Latin America.
Prometeon Tyre CEO Giorgio Bruno noted the 2020 performance marks the completion of a turnaround process launched three years ago. During that time, the firm implemented several strategic initiatives that have made Prometeon healthier, stronger and more resilient in an unprecedented scenario.
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PIRELLI: BOD APPROVES THE TERMS FOR THE TERMINATION OF THE CONTRACT OF EMPLOYMENT WITH ANGELOS PAPADIMITRIOU 20126 Milan, Italy , ,
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art. 13 Legislative Decree 30 June 2003 n. 196
Privacy is a value which Pirelli & C S.p.A., with legal offices at Viale Piero e Alberto Pirelli 25, 20126 Milan (the ”Controller” of your personal data, hereinafter referred to as Pirelli ) recognizes and respects.
Prior to providing your personal data as required by the registration form, along with your video shot for the initiative, reproducing your image (hereinafter referred to as “Material”), please read the following privacy notice about the use of your personal data, in compliance with art. 13 D.Lgs 30th June 2003, n. 196.
PIRELLI: SHAREHOLDERS’ MEETING CALLED FOR 24 MARCH 2021
PARTICIPATION OF SHAREHOLDERS WILL BE THROUGH THE APPOINTED REPRESENTATIVE
Cooling tower in Milan headquarters building
Cooling Tower in Milan Headquarters building
Milan, 19 February 2021 – Pirelli & C. S.p.A. announces that today it called – in ordinary and extraordinary session – a Shareholders’ Meeting in Milan, Via Agnello 18, at the offices of Studio Notarile Marchetti, at 3:00 p.m. on Wednesday 24 March 2021 in sole call.
The Shareholders’ Meeting shall call to resolve upon:
in ordinary session, the confirmation in the role of board member of Mr. Angelos Papadimitriou, already coopted by the Board of Directors on 5 August 2020;
in extraordinary session, the increase of the share capital with the exclusion of the shareholders’ option rights pursuant to article 2441, paragraph 5, of the Italian Civil Code, to be exclusively reserved for the conversion of the equity-linked bond denominated “