Operator
Ladies and gentlemen, welcome to Pirelli’s conference call, during which the company’s top management will present the results for the first nine months of 2025. A webcast of the event and the presentation slides are available in the Investor Relations section of the Pirelli website.
I would like to remind you that a Q&A session will follow the presentation. Now, please allow me to introduce Mr. Marco Tronchetti Provera. Sir, the floor is yours.
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**Marco Tronchetti Provera**
The results for the first nine months of 2025 highlight the resilience of our business model, which is capable of generating value despite a challenging external environment marked by geopolitical and trade tensions, as well as high exchange rate volatility.
We closed the first nine months with organic revenue growth of 3.7%, driven by an effective commercial strategy that enabled us to gain market share in the high-value segment.
Our profitability remains the best among our peers, supported by solid cash generation in Q3, improved operating performance, and careful management of working capital.
The international development of our Cyber Tyre and ongoing product innovation continue to strengthen our technological leadership.
In the U.S., the Cyber Tyre was recognized as the most innovative “vehicle-to-everything” technology by Tech Breakthrough, a leading platform for innovation in the automotive industry. This award confirms the central role of Cyber Tyre as a key element in smart mobility.
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