EN Investors Key financialsFinancial highlights FINANCIAL HIGHLIGHTS Download Pirelli Financials Full Year Revenues drivers € million Revenues drivers ∆ '16 vs. '15 ∆ '17 vs. '16 ∆ '18 vs. '17 ∆ '19 vs. '18 ∆ '20 vs. '19 Volumes 3.5% 1.0% -3.1% -2.0% -15.3% Of which High Value 15.5% 12.5% 11.0% 6.4% -9.0% Price/Mix 3.4% 6.9% 6.8% 4.2% 1.2% Foreign Exchange / IAS 29 Argentina -4.4% -0.7% -5.9% 0.3% -5.1% Perimeter/other 1.5% 0.4% -0.7% 0.0% 0.0% Total Revenue Growth 4.0% 7.6% -2.9% 2.5% -19.2% Adjusted2 EBIT € million € million FY 20167 FY 20177 FY 2018 FY 2019 FY 2010 ∆ '20 vs. '19 Revenues 4,976 5,352 5,195 5,323 4,302 -19.2% Of which High Value 55% 58% 64% 67% 70% Of which Standard 45% 42% 36% 33% 30% Adjusted1 EBITDA 1,082 1,138 1,235 1,310 893 -31.9% Adjusted2 EBITDA margin 21.7% 21.3% 23.8% 24.6% 20.7% Adjusted2 EBIT 844 876 955 917 501 -45.4% Adjusted2 EBIT margin 17.0% 16.4% 18.4% 17.2% 11.6% Net Income (loss) from continuing operations 164 263 449 458 43 Net Income adjusted3 297 387 576 514 246 Net Income adjusted3 margin 6.0% 7.2% 11.1% 9.7% 5.7% Adjusted2 EBITDA - CapEx 742 648 771 920 753 Cash conversion ratio4 69% 57% 62% 70% 84% CapEx on Revenues 6.9% 9.1% 8.9% 7.3% 3.3% Net Financial Position8 1,241 4,961 3,219 3,507 3,258 Research & Development costs 209 221 219 232 195 R&D costs / Revenues 4.2% 4.1% 4.2% 4.4% 4.5% 1. Adjusted EBITDA: calculated by adjusting EBITDA for non-recurring and restructuring expenses, the contribution to the consolidated financial statements made by Pirelli Venezuela C.A. and the contribution to the consolidated financial statements made by the Steelcord activities. 2. Adjusted EBIT: calculating by adjusting Operating profit (EBIT) for amortization of intangible assets included in PPA, non-recurring and restructuring expenses, the contribution to the consolidated financial statements made by Pirelli Venezuela C.A. and the contribution to the consolidated financial statements made by the Steelcord activities. 3. Net income adjusted: calculated by adjusting Total net income (loss) for EBIT adjustments, the Venezuela deconsolidation, Net financial expenses and Tax. 4. Cash conversion ratio: calculated by dividing Adjusted EBITDA - CapEx by Adjusted EBITDA. 7. Carve-out figures. Year-to-Date Last revised: 11 Nov 2021 Further information on the company's financial communications is available in the PRESENTATIONS AND WEBCASTS PAGE VISIT ARCHIVE SUPPLIERS' AREA ABOUT US SUSTAINABILITY GOVERNANCE INVESTORS MEDIA CAREER INSTITUTIONAL RELATIONS Copyright © 1995 - 2021 Pirelli & C. S.p.A. - P.IVA: 00860340157 Legal Information Privacy Company Info Cookie Policy Contacts IMPORTANT INFORMATION ABOUT COOKIES This website uses third-party profiling Cookies in order to send you advertisements corresponding to your preferences. If you would like to obtain more information or refuse your consent to use of all or some of the Cookies, you may consult our Cookie Policy. By closing this banner or continuing to browse on our website and access any part of it, you consent to the use of Cookies. AcceptDecline