HALF-YEAR
FINANCIAL REPORT
AT JUNE 30, 2023
PIRELLI & C. Società per Azioni (Joint Stock Company)
Milan Office
Viale Piero e Alberto Pirelli n. 25
Share Capital Euro 1,904,374,935.66
Milan Company Register No. 00860340157
REA (Economic Administrative Index) No. 1055
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PIRELLI & C. S.p.A. - MILAN
TABLE OF CONTENTS
MACROECONOMIC AND MARKET SCENARIO | 6 |
SIGNIFICANT EVENTS OF THE HALF-YEAR | 10 |
GROUP PERFORMANCE AND RESULTS | 12 |
OUTLOOK FOR 2023 | 24 |
SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE HALF-YEAR | 26 |
ALTERNATIVE PERFORMANCE INDICATORS | 27 |
OTHER INFORMATION | 30 |
CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS AT JUNE 30, 2023... | 34 |
CERTIFICATIONS...……………………………………………………………………………………...108 |
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The Board of Directors1 | |
Chairman | Li Fanrong |
Executive Vice Chairman | |
and Chief Executive Officer | Marco Tronchetti Provera |
Deputy-CEO | Giorgio Luca Bruno |
Director | Yang Shihao |
Director | Wang Feng |
Independent Director | Paola Boromei |
Independent Director | Domenico De Sole |
Independent Director | Roberto Diacetti |
Independent Director | Fan Xiaohua |
Independent Director | Giovanni Lo Storto |
Independent Director | Marisa Pappalardo |
Independent Director | Tao Haisu |
Director | Giovanni Tronchetti Provera |
Independent Director | Wei Yintao |
Director | Zhang Haitao |
Secretary of the Board | Alberto Bastanzio |
Board of Statutory Auditors2 | |
Chairman | Riccardo Foglia Taverna |
Statutory Auditors | Antonella Carù |
Francesca Meneghel | |
Teresa Naddeo | |
Alberto Villani |
- Appointment: June 18, 2020. Expiry: The Shareholders' Meeting held on June 29, 2023 for the approval of the Financial Statements at December 31, 2022, resolved to postpone the discussion of matters related to the renewal of the Board of Directors expiring at the end of its term of office, to the Shareholders' Meeting already convened for July 31, 2023. Consequently, all the current members of the Board of Directors, including the previously co-opted Directors, will continue their mandate under the terms of an extension, until the aforementioned Shareholders' Meeting already convened for July 31, 2023. Changes in the composition of the Board of Directors after the date of appointment are detailed on the Pirelli website (www.pirelli.com), in the Corporate Governance section.
- Appointment: June 15, 2021. Expiry: Shareholders' Meeting convened for the approval of the Financial Statements at December 31, 2023.
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Alternate Auditors | Franca Brusco |
Maria Sardelli | |
Marco Taglioretti |
Audit, Risk, Sustainability and Corporate Governance Committee
Chairman - Independent Director | Fan Xiaohua |
Independent Director | Roberto Diacetti |
Independent Director | Giovanni Lo Storto |
Independent Director | Marisa Pappalardo |
Zhang Haitao | |
Committee for Related Party Transactions | |
Chairman - Independent Director | Marisa Pappalardo |
Independent Director | Domenico De Sole |
Independent Director | Giovanni Lo Storto |
Nominations and Successions Committee | |
Chairman | Marco Tronchetti Provera |
Li Fanrong | |
Wang Feng | |
Giovanni Tronchetti Provera | |
Remuneration Committee | |
Chairman - Independent Director | Tao Haisu |
Wang Feng | |
Independent Director | Paola Boromei |
Independent Director | Fan Xiaohua |
Independent Director | Marisa Pappalardo |
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Pirelli & C. S.p.A. published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 14:43:17 UTC.