September 1, 2017 / 8:24 AM / 2 months ago

BRIEF-Pirelli sees revenues growing 9 pct per year in 2016-2020

Sept 1 (Reuters) - Tyremaker Pirelli says on Friday:

* expects revenues to grow an average of 9 percent per year 2016-2020

* expects adjusted Ebit margin to rise to about 18.5-19.5 percent by end 2020 from 17 percent in 2016

* expects high value products to account for 63 percent of revenues by end 2020, up from 55 percent in 2016

* expects to invest average of 7 percent of annual revenues in 2017-2020, 82 percent of which will be directed to the high value segment

* expects debt to fall, with net financial position/adjusted Ebitda ratio to be less than 2 times by 2020

* net profit at 67.6 million euros in first half, revenues up 10 percent in the first six months to 2.69 billion euros. (Reporting by Milan newsroom)

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