Pirelli & C. Real Estate General Meeting approves financial statements for 2005

Apr 12 2006
Price sensitive
The General Meeting approved the financial statements for 2005, with improvement across all key performance indicators. At 31 December 2005 aggregate revenues of the Group amount to €3,507.2m, marking a 29% improvement on 2004, and operating profit including income from equity participations amounts to €186.1m, which is 40% up on the previous year. Operating profit including income from equity participations has grown at an average compound annual growth rate of 22% over the three-year period 2003-2005. At 31 December 2005 net profit amounts to €145.4m, marking an increase of 24% ( €117.1m at the end of 2004).