sector: Cyclical Consumer Goods & Services ·
industry: Auto & Truck Manufacturers ·
Pininfarina SpA is an Italy-based company, operating in the automotive industry. The Company offers design, engineering and manufacturing of vehicles. It cooperates with such brands as: Alfa Romeo, Chevrolet, Fiat, Ferrari, Jaguar, Honda, Peugeot and Volvo, among others. Pininfarina SpA operates as afull-cycle turnkey partner, or a provider of specific services. The Company provides its services through its direct subsidiaries: Pininfarina Deutschland GmbH, a designing company; Pininfarina Sverige AB, manufacturing retractable hard tops for the Volvo convertibles; Matra Automobile Engineering SAS, offering engineering services, Pininfarina Maroc SAS and Pininfarina Extra Srl, designing interiors, furniture, sport equipment and involved in designing of planes and boats, among others.
BRIEF: For the six months ended 30 June 2009, Pininfarina SpA's total revenue decreased 63% to EUR126.3M. Net loss for the period decreased 60% to EUR5.6M. Total revenue reflects a decrease in demand for the Company's products and services. Lower net loss for the period reflects a decrease in personnel and other operating costs, lower depreciation and amortization charges as well as positive financial net result.
Pininfarina S.p.A.
Via Bruno Buozzi, 6
Turin 10121
P: +39011.547260
F: +39011.7091721