Pirelli SpA posted a 28.5% jump in net profit for the first half of 2014 compared to the same period last year, driven by strong sales mix during the first six months of the year.
Total sales for the period, though, came in at 2.99 billion euros, down 3.3% YoY from 3.09 billion euros. Within that, sales of consumer tires totaled 2.29 billion euros, a slight increase of 1.5% from the same period in 2013. But the “premium” segment, said Pirelli, was “again confirmed as the driver of growth,” with an increase in volumes of 21.6%. Revenues for that segment totaled 1.29 billion euros.
On the commercial tire side, Pirelli reported sales of 692.5 million euros, down 1.5% YoY.
