Pirelli Launches New Office and Logistics Hub
As a pure consumer tyre company, Pirelli will focus on developing its passenger car and motorcycle businesses, as well as reinforcing its brand in Thailand. In addition to decisively strengthening well-established partnerships with key Motorcycle Original Equipment (OE) manufacturers, the opening of the new local logistics hub in Bangkok will bolster Car OE collaborations and its motorsport business. This will further enhance Pirelli's capabilities across key mobility sectors, reaffirming its commitment to delivering premium solutions tailored to regional market needs.
The opening event was held at One Bangkok Tower, with the participation of Mr Andrea Conti, Deputy Head of Mission of the Embassy of Italy in Thailand; Mr Giacomo Iobizzi, Secretary-General of the Italian Chamber of Commerce; alongside Mr Andrea Maganzani, Pirelli APAC CEO; Mr Ting Chen, Managing Director of Pirelli Asia Pte Ltd; and Mr Leonardo Saccioni, Managing Director of Pirelli Thailand.
'The opening of Thailand's new office and logistics hub is more than a milestone – it's a reaffirmation of Pirelli's commitment to Southeast Asia,' said Mr Maganzani. 'By strengthening our presence here, we aim to offer better support to Thailand's consumers and partners, while enhancing strategic collaborations with leading retailers and manufacturers.'
Pirelli's presence in Thailand is already well established through strong relationships with leading retail chains and car dealers. In the motorcycle segment, Pirelli supplies renowned OEMs such as Triumph, Ducati, Royal Enfield, Honda, and BMW.
The new facilities will serve as a local base for direct engagement with partners, enabling Pirelli to respond swiftly to market demands and drive future growth across Thailand's dynamic automotive landscape.
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Stability and visibility underscore the resilience of our business and our teams,' said Henri Poupart-Lafarge, Chief Executive Officer of Alstom *** Detailed review During the first quarter of 2025/26 (from 1 April to 30 June 2025), Alstom recorded €4,075 million in orders, compared to €3,645 million over the same period last fiscal year. Over three months, orders for Services, Signalling and Systems reached 42% of the total order intake. On a regional level, Europe accounted for 85% of the Group total order intake. In France, Alstom received an order from SNCF Voyageurs for 96 additional RER NG trainsets for the RER D line, under the framework agreement signed in 2017. Financed by Île-de-France Mobilités, the order is worth approximately €1.7 billion. The contract brings the total number of RER NG trainsets ordered to 262. 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Such forward-looking statements are relevant to the current scope of activity and are by their nature subject to a number of important risks and uncertainty factors (such as those described in the documents filed by Alstom with the French AMF) that could cause reported results to differ from the plans, objectives and expectations expressed in such forward-looking statements. These such forward-looking statements speak only as of the date on which they are made, and Alstom undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise. This press release does not constitute or form part of a prospectus or any offer or invitation for the sale or issue of, or any offer or inducement to purchase or subscribe for, or any solicitation of any offer to purchase or subscribe for any shares or other securities in the Company in France, the United Kingdom, the United States or any other jurisdiction. 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A non-recurring item is a significant, 'one-off' exceptional item that is not expected to occur again in subsequent EBIT margin corresponds to Adjusted EBIT expressed as a percentage of sales. EBITDA + JV dividendsEBITDA before PPA plus dividends from joint ventures is the EBIT before PPA, before depreciation and amortisation, with the addition of the dividends received from joint ventures. Adjusted net profitThe 'Adjusted Net Profit' KPI restates Alstom's net profit from continued operations (Group share) to exclude the impact of amortisation of assets exclusively valued when determining the PPA in the context of business combination, net of the corresponding tax effect. This indicator is also aligned with market practice. Free cash flow Free Cash Flow is defined as net cash provided by operating activities less capital expenditures including capitalised development costs, net of proceeds from disposals of tangible and intangible assets. 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Contract and Trade Working CapitalContract Working Capital is the sum of: Contract Assets & Liabilities, which includes the Customer Down-Payments Current provisions, which includes Risks on contracts and Warranties Trade Working Capital is the Working Capital that is not strictly contractual, hence not included in Project Working Capital. It includes: Inventories Trade Receivables Trade Payables Other elements of Working Capital defined as the sum of Other Assets/Liabilities and Non-Current provisions Net cash/(debt)The net cash/(debt) is defined as cash and cash equivalents, marketable securities and other current financial asset, less borrowings. Pay-out ratio The pay-out ratio is calculated by dividing the amount of the overall dividend with the 'Adjusted Net profit from continuing operations attributable to equity holders of the parent, Group share' as presented in the management report in the consolidated financial statements. 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