Premium tyre manufacturer, Pirelli has projected a growth rate of between 4% to 6% in 2019.
Pirelli, which makes tyres for Formula One racing teams and premium automakers like BMW and Audi, explained on Wednesday that revenues would grow this year between 3% and 4%.
The company had previously forecast a growth rate for its sales of between 4% to 6%.
Meanwhile, adjusted operating profit (EBIT) before start-up costs was broadly unchanged at 230.7 million euros ($258.7 million) compared with the same period of 2018.