BOARD OF DIRECTORS OF PIRELLI & C SPA REVIEWED PRELIMINARY RESULTS FOR YEAR ENDED 31 DECEMBER 2020
Fourth quarter 2020
(-6.1% including forex effect)
Adjusted Ebit: 220.8 million euro (232.3 million in 4Q 2019), Adjusted Ebit margin at 18.3% an improvement from 18.1% in 4Q 2019
Net result: +60.5 million euro (+72 million in 4Q 2019)
Cash flow before dividends positive 994.1 million euro (+973 million in 4Q 2019)
Full year 2020
Revenues: 4,302.1 million euro, with an organic variation of -14.1% (-19.2% including forex effect) because of the fall in demand, particularly in the first half
Adjusted ebit: 501.2 million euro (917.3 million euro adjusted Ebit in 2019): efficiencies and cost containment actions limited the impact of the external context
Valmet Oyj s press release on March 10, 2021 at 9:00 a.m. EET Valmet introduces its climate program - Forward to a carbon neutral future - in the company s Capital Markets Day on March 10, 2021. The program continues Valmet s comprehensive work for sustainability. Valmet s climate program includes ambitious CO₂emission reduction targets and concrete actions for the whole value chain, including Valmet s own operations, the supply chain, and the use of Valmet s technologies by its customers. The program is aligned with the Paris Climate Agreement s 1.5-degree pathway and the United Nations Sustainable Development Goals, and Valmet is in process to send its climate targets to the Science Based Targets Initiative for validation.
Not long after re-entering the Paris Climate Agreement under the Biden Administration, the nation’s largest automaker General Motors announced aspirations of going carbon neutral by 2040.
Thursday, 11 March 2021, 6:51 am
Valmet introduces its climate program – Forward to a
carbon neutral future – in the company’s Capital Markets
Day on March 10, 2021. The program continues Valmet’s
comprehensive work for sustainability.
Valmet’s
climate program includes ambitious CO emission reduction
targets and concrete actions for the whole value chain,
including Valmet’s own operations, the supply chain, and
the use of Valmet’s technologies by its customers. The
program is aligned with the Paris Climate Agreement’s
1.5-degree pathway and the United Nations Sustainable
Development Goals, and Valmet is in process to send its
climate targets to the Science Based Targets Initiative for