The company also raised its full-year 2026 revenue forecast to between 6.75 and 6.95 billion euros, citing an improved price/mix outlook.
KEY DETAILS
o First-quarter revenue slipped 1.2% to 1.74 billion euros, weighed down by negative currency effects, but grew 3.5% on an organic basis.
o The adjusted EBIT margin rose to 16% from 15.9% a year earlier, with adjusted operating profit remaining broadly stable at 277.4 million euros.
o The company confirmed its full-year 2026 target for an adjusted EBIT margin of approximately 16%.
o The 'High Value' premium tire segment grew to represent 82% of total revenue in the quarter, up from 81% a year ago.
o The company stated that the impact of the Middle East crisis on 2026 results will be limited thanks to mitigation measures.
Full press release
(Reporting by Giancarlo Navach, editing by Antonella Cinelli)
