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Pirelli Tire recently released the company's 2014 financial report. Last year, the company's total operating income was basically the same as in 2013, while its operating profit and net profit grew steadily.
Pirelli tires
In 2014, Pirelli tires total revenue of 6.018 billion euros in 2013 to 6.061 billion euros, up slightly by 0.7%; operating profit of 838 million euros, compared with 785 million euros a year earlier, an increase of 6.8%; net profit of 3.33 Billion euros last year was 307 million euros, an increase of 8.5% year-on-year.
Among all business units, the consumer revenue of the consumer unit last year was 4.61 billion euros, 2.9% more than the 4.479 billion euros in 2013. Pirelli Industrial's revenue was last year due to the economic malaise in Latin America affecting the original equipment business. This was 1.397 billion euros, a decrease of 10% from the 1.552 billion euros in 2013;
Based on the above two business performances, Pirelli's tire business in 2014 had total operating income of 6.008 billion euros, and in 2013 it was 6.031 billion euros, a slight decrease of 0.4% year-on-year, which was basically the same as in 2013; other business revenue was 10.6 million euros, compared with 2013. The year's 30.4 million euros fell by 65.1%.
Pirelli said in its financial report that China and mature markets will have better performance in 2015 and therefore be able to offset the market slump in South America and Russia. Benefiting from the promotion of global economic growth, the company expects the demand for automobile tires will increase by 2.5% this year to reach 1.46 billion.
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