Pirelli stock reports a EUR 1 billion US expansion plan

Published on 09/24/2026 at 18:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pirelli stock was valued at EUR 6.51 on September 24, 2026, on Borsa Italiana. H1 2026 revenue fell 0.1 percent to EUR 3.495 billion, while adjusted EBITDA rose 2.8 percent to EUR 815 million.

Moderne Reifenfabrik mit Robotern, Arbeitern und Mailand-Skyline im Hintergrund — Fotorealistische Reifenfabrik zeigt Pirelli & C. S.p.A. (IT0004623051) mit Robotern und Mailänder Skyline im Hintergrund, Illustration mit AI erstellt.

Pirelli (ISIN IT0005278236) stock stood at EUR 6.51 on Borsa Italiana on September 24, 2026, up 0.39 percent from the prior close. According to Pirelli, the company approved a EUR 1 billion expansion plan for its Rome, Georgia, plant on September 22, 2026.

EUR 1 billion goes to Georgia

The project starts in 2027 and targets annual production of 6 million car tires by 2033. The investment also includes Cyber Tyre technology and planned employment of 1,000 people, while Pirelli said its 2026 targets remain unchanged.

Automotive World reported on September 23, 2026, that the expansion will run in two phases. The first phase is designed to reach 3 million high-value tires annually from 2028, while a second automated facility adds another 3 million at full operation.

H1 EBITDA rises 2.8 percent

In H1 2026, revenue was EUR 3.495 billion, down from EUR 3.499 billion in the prior-year period. Adjusted EBITDA increased to EUR 815 million from EUR 793 million, a gain of 2.8 percent, while net income attributable to shareholders fell to EUR 273 million from EUR 347 million, according to IT Boltwise.

The contrast is important for the stock: operating earnings improved even as revenue stayed nearly unchanged and attributable profit declined. The Georgia project therefore adds a long-term capacity investment to a business picture in which margin delivery is currently more constructive than top-line growth.

Price sits below yearly high

Pirelli stock was EUR 0.66 below its 52-week high of EUR 7.17 on September 24, 2026, while the 52-week low stood at EUR 5.31. The market capitalization was EUR 7,068,005,649 on the same date, giving the expansion plan a visible strategic dimension without changing the 2026 targets.