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    Home > Finance > Pirelli trims 2025 revenue guidance due to forex impact
    Finance

    Pirelli trims 2025 revenue guidance due to forex impact

    Published by Global Banking & Finance Review®

    Posted on July 31, 2025

    2 min read

    Last updated: January 22, 2026

    Pirelli trims 2025 revenue guidance due to forex impact - Finance news and analysis from Global Banking & Finance Review
    Tags:financial marketsforeign exchangecorporate governancecurrency fluctuationsInvestment Strategies

    Quick Summary

    Pirelli reduces its 2025 revenue forecast due to currency fluctuations, citing a 2.9% revenue loss. Despite this, the company maintains a 16% EBIT margin target.

    Pirelli Lowers 2025 Revenue Forecast Amid Currency Fluctuations

    (Reuters) -Italian tyremaker Pirelli trimmed its 2025 revenue forecast on Thursday due to the expected impact of adverse currency movements.

    The company lowered its guidance to a range of around 6.7-6.8 billion euros ($7.66-7.78 billion) from its previous target of around 6.8-7.0 billion euros.

    Pirelli said that adverse currency movements accounted for a 2.9% revenue loss compared to last year's first-half due to the weakness of the U.S. dollar and the volatility of emerging country currencies against the euro.

    However, the firm confirmed its target to achieve an around 16% adjusted EBIT margin for the whole year.

    WHY IT’S IMPORTANT

    Pirelli flagged that the results were approved with 9 out of 15 votes from board members, with opposition from the Sinochem-linked members, including the Chairman Jiao Jian.

    Chinese and Italian shareholders are in a dispute over the group's governance. China's state-controlled Sinochem is Pirelli's largest investor with a 37% stake, while Camfin, the vehicle of Italian businessman Marco Tronchetti Provera, holds 27.4%.

    Camfin claims that a large Chinese presence in Pirelli poses a threat to its ambitions to expand its business in the United States. The firm makes over 20% of its revenues in North America.

    BY THE NUMBERS

    Pirelli, the sole supplier of tyres for Formula One cars, posted a second-quarter core profit (adjusted EBIT) of 278.5 million euros, up 0.7% year-on-year, topping analysts' consensus forecast of 274 million euros, according to data provided by the company. The core profit margin for the quarter came in at 16%.

    The Milan-based firm's second-quarter net profit came in at 136.8 million euros, above a 123 million euros consensus, while its revenues totalled 1.74 billion euros, matching estimates.

    ($1 = 0.8742 euros)

    (Reporting by Romolo Tosiani in Gdansk; Editing by Matt Scuffham)

    Key Takeaways

    • •Pirelli lowers 2025 revenue forecast due to forex impact.
    • •Adverse currency movements cause a 2.9% revenue loss.
    • •Sinochem and Camfin dispute over Pirelli's governance.
    • •Pirelli maintains a 16% adjusted EBIT margin target.
    • •Pirelli's Q2 profit exceeds analysts' expectations.

    Frequently Asked Questions about Pirelli trims 2025 revenue guidance due to forex impact

    1What is Pirelli's revised revenue guidance for 2025?

    Pirelli has lowered its revenue guidance for 2025 to a range of around 6.7-6.8 billion euros, down from a previous target of 6.8-7.0 billion euros.

    2How much revenue loss did Pirelli attribute to currency movements?

    Pirelli indicated that adverse currency movements accounted for a 2.9% revenue loss compared to last year's first half.

    3What is Pirelli's target adjusted EBIT margin for the year?

    The firm confirmed its target to achieve an adjusted EBIT margin of around 16% for the whole year.

    4What governance issues is Pirelli facing?

    Pirelli is experiencing a dispute between Chinese and Italian shareholders, with Sinochem, the largest investor, holding a 37% stake.

    5What was Pirelli's second-quarter net profit?

    Pirelli reported a second-quarter net profit of 136.8 million euros, exceeding the consensus estimate of 123 million euros.

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