Pirelli Trims Revenue Forecast Amid Currency Pressures

Pirelli has cut its full-year revenue outlook due to currency headwinds, despite reiterating its profitability expectations. The Italian tire maker cited unfavorable currency exchange rates as the main reason for the revision.

Italian tire maker Pirelli (BIT:PIRC) has revised its full-year revenue forecast downward due to increased pressure from foreign exchange (FX) headwinds. Despite reaffirming its profitability targets, the company expects 2025 revenue to fall between €6.7 billion and €6.8 billion, down from its previous range of €6.8 billion to €7 billion [1].

The company cited unfavorable currency exchange rates as the primary reason for the revision. However, Pirelli maintained its EBIT margin target at approximately 16% and narrowed its free cash flow forecast to €550 million from the previous range of €550–570 million. Morgan Stanley analysts noted that the company's guide is now in line with consensus expectations (+0.6%) at the midpoint [1].

Pirelli's second-quarter net profit rose 4.5% year-on-year to €136.8 million, while adjusted earnings increased 0.7% to €278.5 million. Quarterly revenue dipped 0.7% to €1.74 billion, in line with analyst expectations, but grew 4% on an organic basis, excluding currency effects. Adjusted operating profit and net income also came in ahead of consensus forecasts of €275 million and €123 million, respectively [1].

Exponent (NASDAQ:EXPO), a consulting firm specializing in engineering and scientific problem-solving, reported $142.0 million in total revenue (GAAP) for Q2 FY2025, a 1% increase from Q2 FY2024, narrowly exceeding its own expectations for flat to slightly lower growth. Diluted earnings per share (GAAP) was $0.52 in Q2 FY2025, down from $0.57 per diluted share (GAAP) in Q2 FY2024. While revenue edged up, profitability narrowed, with EBITDA (non-GAAP) and net income both declining year over year due to rising operating costs. Overall, the quarter demonstrated stable performance, mainly due to reactive, dispute-related engagements, but highlighted ongoing margin pressure and mixed demand trends across segments [2].

References:
[1] https://www.investing.com/news/earnings/pirelli-shares-slip-as-tyremaker-trims-revenue-outlook-amid-fx-pressures-4165317
[2] https://www.nasdaq.com/articles/exponent-expo-q2-revenue-rises-1