Board approves draft 2005 financial statements

Price sensitive
The Board of Directors of Pirelli & C. Real Estate, which met yesterday evening, has examined and approved the Company’s draft financial statements for 2005.

The results show significant improvements across all the Company key performance indicators. 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, thus in line with the targets in the three-year plan announced to the market.