Pirelli's 9-month profit up 7.4% to €430.2 million

Pirelli reported revenues of €5,278 million for the first nine months, a 1.6% increase, mainly from its High Value segment. Adjusted operating profit rose to €840.8 million, while net profit increased by 7.4% to €430.2 million. The Board approved a new bond program worth up to €2 billion and plans to issue bonds totaling €1 billion within a year. In the third quarter, revenues grew by 5% to €1,783.5 million, with adjusted EBIT up 2.1% to €283 million, and net profit at €131.2 million, slightly down from the previous year.