Pirelli Projects More Growth In 2019

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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.

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