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  September 5, 2001
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Home > Company Index > Manufacturing > Wire & Cable > Pirelli S.p.A.

Pirelli S.p.A.
OTC: PIREY
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 PROFILE
Pirelli rolls on the information superhighway, as well as the freeway -- for now. Pirelli S.p.A. has two core businesses: cables and tires. Pirelli's cable unit (60% of sales) makes telecommunications, fiber-optic, and power cables. On the tire side of the ledger, Pirelli makes tires for cars, industrial and commercial vehicles, motorcycles, and farm machinery. Pirelli became a global leader in power cables after buying US-based General Cable's BICC General division, but now Pirelli (and the Benetton family) have agreed to take a controlling stake in Telecom Italia. Prior to the deal Pirelli sold two niche optical units; it has also announced plans to sell its commercial tire and energy cable businesses by early 2003.

 COMPETITION
Alcatel (ALA)
Corning Incorporated (GLW)
The Goodyear Tire & Rubber Company (GT)

 DEALS
Deal: Pirelli, Benetton Family to Control Telecom Italia
Date Announced: 07.30.01
Value of transaction (US $Mil): 6.14
Description: Tire and fiber maker and clothing retailer acquire control of the Italian telco through the joint acquisition of a 23 percent stake in Olivetti, the office-equipment and tech services firm that owns the majority of Telecom Italia shares.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 7,024.30
1-Yr. Sales Growth: 6.1%
Employees: 40,103
Revenue per employee: $175,156.47

 KEY PEOPLE
• Marco Tronchetti Provera
    CEO
• Carlo Buora
    CFO

 CONTACT INFO
V.le Sarca, 222
20126 Milan, Italy
Phone: 39-02-6442-4688
Fax: 39-02-6442-4686
Online: Web Site

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