Published by Global Banking & Finance Review®
Posted on February 25, 2026
2 min readLast updated: April 2, 2026
Add as preferred source on GooglePirelli expects 2026 revenue of €6.7–€6.9bn, roughly flat to slightly higher than 2025’s €6.78bn. A continuing governance dispute among top investors may weigh on U.S. expansion.
MILAN, Feb 25 (Reuters) - Tyremaker Pirelli said on Wednesday it expects revenue to be flat to slightly higher this year, and the company proposed a dividend hike, as key investors remain locked in a governance dispute that could limit the group's U.S. expansion.
The Italian company gave guidance for revenue to be 6.7 billion to 6.9 billion euros ($7.91 billion to $8.14 billion) this year, versus 6.78 billion euros in 2025, which was in line with Pirelli's forecasts.
It also gave guidance that margin on adjusted earnings before interest and tax (EBIT) would be around 16%, "slightly improving" over last year.
Pirelli proposed an overall dividend of 0.34 euros per share, including an extraordinary 0.10 euro component due to "positive results and decreased financial leverage."
The company has been at the centre of a protracted governance row between its two largest shareholders, Chinese state-owned Sinochem with 34% and Camfin, the investment vehicle of Executive Vice President Marco Tronchetti Provera, with 25.3%.
Tensions have intensified ahead of new U.S. rules curbing the use of Chinese technologies in the automotive sector. Camfin - and Pirelli itself - have argued that Sinochem's ownership position complicated Pirelli's expansion plans in the United States, a key market for its premium tyre business.
Pirelli's board this year rejected a Sinochem proposal aimed at solving governance issues. It ensvisaged spinning off activities that would fall under the new U.S. regulation. Sinochem said the proposal was "well founded" and "in line with best international practice." The dispute has influenced board appointments, strategy and oversight at the Italian tyremaker in recent years and is now expected to trigger further intervention by the Italian government on Pirelli's governance rules.
($1 = 0.8474 euros)
(Reporting by Giulio Piovaccari; editing by Gianluca Semeraro and Cynthia Osterman)
Pirelli issued 2026 guidance for flat to slightly higher revenue while a governance dispute among major investors continues, potentially affecting its U.S. expansion plans.
The company guided for €6.7–€6.9 billion in 2026 revenue, indicating stability to modest growth versus the prior year.
The ongoing dispute between key shareholders could constrain strategic decisions and slow efforts to grow in the U.S. market.
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