Analyst Estimates

Download Consensus


Selected financial measures
(€ million)
FY 2023 A FY 2024 A FY 2025 E
Revenues 6,650 6,773 6,910
Year over Year Growth 0.5% 1.9% 2.0%


Adjusted EBITDA (1) 1,446 1,520 1,578
% on Revenues 21.7% 22.4% 22.8%


Adjusted EBIT (2) 1,002 1,061 1,097
% on Revenues 15.1% 15.7% 15.9%


EBIT 808 903 948


Net Income 496 501 538


Capital Expenditure 406 415 422
% on Revenues 6.1% 6.1% 6.1%




Net Financial Position 2,262 1,926 1,592
on adj. EBITDA 1.56x 1.27x 1.01x


Net Cash Flow before Dividends 509 534 563
% on Revenues 7.7% 7.9% 8.1%

1. Adjusted EBITDA: calculated by adjusting EBITDA for non-recurring and restructuring expenses.
2. Adjusted EBIT: calculating by adjusting Operating profit (EBIT) for amortization of intangible assets included in PPA, non-recurring and restructuring expenses.

The consensus above (the “Consensus”) on Pirelli & C. S.p.A. is calculated by the Company as a simple average of the latest estimates (research / model) shared with Pirelli from a sample of financial analysts who cover the stock. The aforementioned sample could be edited without prior notification, and the detailed list of the analysts who authorized Pirelli to publish the recommendation is available in the present section.

Analyst Coverage data are published periodically on the Pirelli website from the Investor Relations team and are provided for information purposes only. Analyst Coverage data are not to be interpreted as a recommendation or solicitation to buy, maintain or sell Pirelli shares.

Publication of the Analyst Coverage data on the Pirelli website does not mean that the Company or its management shares the view, forecasts, recommendations or implications expressed by the brokers / analysts. The Company takes no responsibility for the completeness and reliability of the Analyst Coverage data.

Last revised: 2 Apr 2025