DOCSLIB.ORG

Pirelli & C. S.P.A. Milan Annual Report 2006

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Pirelli & C. S.P.A. Milan Annual Report 2006 Pirelli & C. S.p.A. Milan Annual Report 2006 Preliminary information Directors’ Report Consolidated Financial Statements Extraordinary Session Sustainability Report Ī Call to the AGM Call to the Annual General Meeting of the Contents Shareholders Pirelli & C. S.p.A. Structure of Pirelli Group The ordinary shareholders of Pirelli & C. Società per Azioni are called to the ordinary session of the at December 31, 2006 shareholders’ meeting to be held in Milan, Viale Sarca 214, Pirelli & C. S.p.A. on the Stock Market - on Friday April 20, 2007 at 16:00 p.m. in first call; Selected Financial Data Chairman’s Letter - on Monday April 23, 2007 at 10:30 a.m. in second call, to pass resolutions on the following AGENDA Ordinary Session 1. The financial statements at December 31, 2006; inherent and consequent resolutions. 2. Appointment of two Directors and/or reduction of Board of Directors members. Inherent and consequent resolutions 3. Proposals of modifications of the Regulations for Shareholders’ Meetings adopted by the shareholder meeting held on May 11, 2004. Extraordinary session • Modifications to articles 5 (share capital), 6 (shareholders), 7 (shareholders meetings), 8 (resolutory and final quorum), 9 (procedures for shareholders meetings), 10 (Company administration), 11 (functions of the Board of Directors), 12 (Board of Directors meetings), 13 (representation of the company), 15 (expiry of the term of office of the Board of Directors) and 16 (Board of Statutory Auditors) of the Company Bylaws. Inherent and consequent resolutions. Conferring of powers. 1 Preliminary information Directors’ Report Consolidated Financial Statements Extraordinary Session Sustainability Report Call to the AGM Contents Ī Contents Pirelli & C. S.p.A. Page Structure of Pirelli Group Preliminary information 1 at December 31, 2006 Call to the Annual General Meeting of the Shareholders 1 Pirelli & C. S.p.A. on the Pirelli & C. S.p.A. 3 Stock Market Structure of Pirelli Group at December 31, 2006 4 Selected Financial Data Pirelli & C. S.p.A. on the Stock Market 4 Chairman’s Letter Five-Year Summary of Selected Consolidated Financial Data 5 Chairman’s letter 6 Directors’ report on operations 9 The Group 11 Pirelli Tyre 34 Pirelli Broadband Solutions 44 Pirelli & C. Real Estate 47 Pirelli & C. Ambiente 51 Information systems 53 Proforma data 57 Equity Investments held by Directors, Statutory Auditors and General Managers 59 Stock option plans 59 Corporate Governance 60 Pirelli & C. S.p.A. - Summary Data 95 Shareholders’ Resolutions 99 Consolidated financial statements at December 31, 2006 107 Consolidated balance sheet 108 Consolidated income statement 109 Consolidated statement of changes in shareholders’ equity 110 Consolidated statement of cash flows 111 Notes to the consolidated financial statements 112 Independent Auditor’s Report 186 Extraordinary session 188 Sustainability Report 207 Pirelli and sustainable development 208 Economic dimension 218 Environmental dimension 229 Social dimension 267 Summary tables 303 2 Preliminary information Directors’ Report Consolidated Financial Statements Extraordinary Session Sustainability Report Call to the AGM Pirelli & C. S.p.A. Contents 1 Ī Pirelli & C. S.p.A. Board of Directors Structure of Pirelli Group Chairman 2 Marco Tronchetti Provera at December 31, 2006 Pirelli & C. S.p.A. on the Deputy Chairman 2 Alberto Pirelli Stock Market Deputy Chairman 2 Carlo Alessandro Puri Negri Selected Financial Data Chairman’s Letter Directors Carlo Acutis * Carlo Angelici * ° Gilberto Benetton Alberto Bombassei * Franco Bruni * ° Gabriele Galateri di Genola Mario Garraffo * Dino Piero Giarda * Berardino Libonati * ¨ Giulia Maria Ligresti Massimo Moratti Giovanni Perissinotto Giampiero Pesenti * ¨ Aldo Roveri * ¨ Carlo Secchi * ° Paolo Vagnone * Independent director ° Member of the Internal Control and Corporate Governance Committee ¨ Member of the Remuneration Committee Secretary to the Board Anna Chiara Svelto Board of Statutory Auditors 3 Chairman Luigi Guatri Standing members Enrico Laghi Paolo Francesco Lazzati Alternate members Franco Ghiringhelli Luigi Guerra General Managers 4 Operations Claudio De Conto Finance and Strategic Planning Luciano Gobbi Independent Auditors 5 PricewaterhouseCoopers S.p.A. 1 Appointment: April 28, 2005. Expiry: shareholders’ meeting called to approve the financial statements at December 31, 2007. Alberto Bombassei was co-opted by the board of directors’ meeting held on September 12, 2006. On November 6, 2006, Carlo Buora tendered his resignation from the posts held in the company 2 Office conferred by the board of directors’ meeting held on April 28, 2005. 3 Appointment: April 21, 2006. Expiry: shareholders’ meeting called to approve the financial statements at December 31, 2008. 4 Francesco Gori was General Manager of Tyres Sector until June 30, 2006. Starting July 1, 2006 he is Managing Director and General Manager of Pirelli Tyre S.p.A.. 5 Appointment conferred by the shareholders’ meeting held on April 28, 2005. 3 Preliminary information Directors’ Report Consolidated Financial Statements Extraordinary Session Sustainability Report Call to the AGM Structure of Pirelli Group at December 31, 2006 Contents Pirelli & C. S.p.A. Ī Structure of Pirelli Group at December 31, 2006 Ī Pirelli & C. S.p.A. on the Stock Market Selected Financial Data Chairman’s Letter Pirelli & C. S.p.A. on the Stock Market Pirelli & C. S.p.A. share capital movements since December 31, 2002 Date Capital (thousands) Transactions December 2002 Euros 339,423 bond conversion May 2003 Euros 272,083 exercise of the right of share withdrawal following the change in the company type and the corporate business purpose June 2003 Euros 1,084,247 issue of shares cum warrants (1 warrant : 1 share) with rights offering (3 ordinary shares : 1 share of any class) at Û 0.52 August 2003 Euros 1,799,400 share capital increase as a result of the merger by exchange December 2004 Euros 1,800,383 warrant conversion February 2005 Euros 1,974,633 warrant conversion March 2005 Euros 2,763,953 issue of shares with rights offering (2 ordinary shares: 5 shares of any class) at Û 0.70 December 2005 Euros 2,764,057 warrant conversion April 2006 Euros 2,764,716 warrant conversion June 2006 Euros 2,791,311 warrant conversion Number of shares outstanding at December 31, 2006 at April 20, 2007 Pirelli & C. S.p.A. - Ordinary shares 5,233,142,003 5,233,142,003 Pirelli & C. S.p.A. - Savings shares 134,764,429 134,764,429 Market Trading on the Milan Stock Exchange Shares traded Amount Volume (in millions of euros) Pirelli & C. - Ordinary shares 8,861,567,702 6,576 Pirelli & C. - Savings shares 115,895,385 82 4 Preliminary information Directors’ Report Consolidated Financial Statements Extraordinary Session Sustainability Report Call to the AGM Five-Year Summary of Selected Consolidated Contents Financial Data Pirelli & C. S.p.A. Structure of Pirelli Group at December 31, 2006 (IAS/IFRS) (Italian GAAP) Pirelli & C. S.p.A. on the in millions of euros 2006 2005 2004 2003 2002 Stock Market Ī Selected Financial Data Net sales 4,841 4,546 3,967 6,671 6,718 Chairman’s Letter Gross operating profit 614 568 470 628 523 Operating profit 401 355 269 268 118 Operating profit (loss) incl. earnings (losses) from investments (748) 622 425 217 (57) Total income (loss) (1,049) 399 304 4 (405) Income (loss) attribut. to the equity holders of Pirelli & C. S.p.A. (1,167) 327 251 (39) (58) Earnings (losses) per share (in euros) (0.22) 0.07 0.07 (0.01) (0.09) Fixed assets 6,924 7,629 6,097 5,902 6,596 Net working capital 463 (53) 466 566 991 Net invested capital 7,387 7,576 6,563 6,468 7,587 Equity 4,687 5,614 3,841 3,678 4,626 Provisions 720 785 1,121 1,045 911 Net financial (liquidity)/debt position 1,980 1,177 1,601 1,745 2,050 Equity attributable to the equity holders of Pirelli & C. S.p.A. 3,880 5,205 3,502 3,429 1,933 Equity per share (in euros) 0.72 0.98 1.01 0.99 2.96 Free cash flow 317 343 287 564 476 R&D expenditures 171 174 171 204 219 Depreciation 201 197 182 278 315 Capital expenditures 255 234 211 273 337 Gross operating profit / net sales 12.68% 12.49% 11.85% 9.41% 7.79% Operating profit / net sales - ros 8.28% 7.81% 6.78% 4.02% 1.76% Income / equity * - roe (20.37%) 7.38% 5.77% 0.10% (8.75%) Operating profit / net invested capital* - roi 5.36% 5.02% 4.13% 3.81% 1.56% Operating profit (post investments) / net invested capital * (10.00%) 8.80% 6.52% 3.09% (0.71%) Net financial position / equity 0.42 0.21 0.42 0.47 0.44 Capital expenditures / depreciation 1.27 1.19 1.16 0.98 1.07 R&D expenditures / net sales (industrial aggregate) 3.53% 3.83% 4.31% 3.38% 3.45% Net sales per employee (in thousands of euros) 172 173 162 182 174 Pirelli & C. S.p.A. ordinary shares (no. in millions) 5,233.1 5,180.7 3,327.5 3,325.6 618.2 Pirelli & C. S.p.A. savings shares (no. in millions) 134.8 134.8 134.8 134.8 34.4 Total Pirelli & C. S.p.A. shares (no. in millions) 5,367.9 5,315.5 3,462.3 3,460.4 652.6 Treasury shares (no. in millions) 2.6 2.6 2.6 2.6 2.6 Factories 24 24 74 77 79 of which discontinued operations 52 Employees (at 12/31) 28,617 26,827 24,790 36,337 37,350 of which temporary employees 3,479 3,102 2,721 2,417 2,257 *Average amounts 5 Preliminary information Directors’ Report Consolidated Financial Statements Extraordinary Session Sustainability Report Call to the AGM Chairman’s letter Contents Pirelli & C.
Load more

Recommended publications
  • Generation of Semantic Layouts for Interactive Multidimensional Data Visualization
    Generation of Semantic Layouts for Interactive Multidimensional Data Visualization Erick Gomez-Nieto∗y and Luis Gustavo Nonatoy ∗Research and Innovation Center in Computer Science Universidad Católica San Pablo, Arequipa, Peru yInstituto de Ciências Matemáticas e de Computação Universidade de São Paulo São Carlos-SP, Brazil Abstract—Visualization methods make use of interactive are easily readable, but they pay the price of scalability. graphical representations embedded on a display area in order Hierarchical methods such as Treemaps mitigate the issue to enable data exploration and analysis. These typically rely of scalability while making an efficient use of display area. on geometric primitives for representing data or building more sophisticated representations to assist the visual analysis process. However, readability and semantic organization of data are One of the most challenging tasks in this context is to determinate aspects not so easily handled by those methods. Overlap-free an optimal layout of these primitives which turns out to be semantic preserving techniques generate somewhat structured effective and informative. Existing algorithms for building layouts layouts and keep instances with similar content close to each from geometric primitives are typically designed to cope with other. Nevertheless, they are not designed to make an efficient requirements such as orthogonal alignment, overlap removal, optimal area usage, hierarchical organization, dynamic update use of display area and also suffer from scalability. among others. However, most techniques are able to tackle just Handling many requirements is not straightforward because a few of those requirements simultaneously, impairing their distinct requirements can compete with each other during use and flexibility. In this dissertation, we propose a set of layout construction.
    [Show full text]
  • 1Q 2021 Financial Results
    1Q 2021 Financial Results Milan, 13 May 2021 1Q 2021 Financial Appendix Highlights Results 2 1Q 2021: A Solid Start of the Year SOLID START OF THE YEAR: +4.6% Organic Growth* PROJECTS: EXECUTION & INTAKE Strong recovery of Telecom and Energy Business demand driven by construction and renewables Sofia offshore wind project award worth over 200 €M RESILIENT MARGINS: 7.6% Adj EBITDA Margin Completion of Crete-Peloponnese Solid volume trend, cost efficiency and price management to balance raw interconnection materials cost inflation. The new vessel “Leonardo Da Negative forex impact (-14 €M). Vinci” to enter in operation in Q3, on time for Viking installation SOUND FREE CASH FLOW GENERATION 553 €M of FCF LTM excluding antitrust cash-out © Prysmian Group 2021 * Organic growth YoY ex Projects 3 1Q 2021 Financial highlights SALES ADJ. EBITDA FREE CASH FLOW SALES ORGANIC GROWTH* ADJ. EBITDA ADJ. EBITDA MARGIN FCF LTM NET DEBT 2,810 €M +4.6% 213 €M 7.6% 553 €M 2,325 €M SOLID ORGANIC GROWTH RESILIENT MARGINS FREE CASH FLOW +11.4% Telecom, with strong sequential Energy Business margins higher than pre- improvement Covid 19 level, despite raw material 553 €M of FCF LTM excluding antitrust increase +3.5% E&I, mainly driven by construction cash-out Sound volume in Telecom and strong +3.5% Industrial & NWC driven by OEM efficiency measures and renewables Negative forex impact (-14 €M) © Prysmian Group 2021 * Organic growth ex Projects 4 Sound performance in Energy and Telecom; phasing affecting Projects Projects Energy Telecom TOTAL 347 314 -7.9% 1,888 2,114 +3.4% 352 382 +11.4% 2,587 2,810 +3.0% E&I Industrial & NWC Sales Sales ( ) 1,239 1,400 +3.5% 598 648 +3.5% 14 forex 197 75 68 213 58 45 49 48 36 29 10.4% 9.3% 5.5% 5.3% 7.5% 7.6% 13.6% 15.2% Adj.
    [Show full text]
  • Dealspeak, with Mergermarket/Dealreporter ECM, Focuses on Trends Surrounding the Landmark Pirelli Listing Dealspeak 29 September 2017
    An Acuris Company This week Dealspeak, with Mergermarket/Dealreporter ECM, focuses on trends surrounding the landmark Pirelli listing Dealspeak 29 September 2017 European sector variation by number of IPOs YTD +17 +6 +13 +3 +5 +24 Pharma, Industrials & Technology Real Estate Energy, Mining Med. and Chemicals Other Biotech & Utilities Mergermarket.com Mergermarket Dealspeak 29 - Sep - 2017 2 Upcoming automotive/luxury IPOs Details Company Expected Listing Stock Exchange Estimated Implied Peer Group Key Financials Underwriters Major Shareholders Date Equity Value* Jaguar Land TBC TBC GBP 10bn - GBP BMW (main), Ferrari, 2017 Revenue: over GBP 20bn. TTM EBITDA to TBC Tata Motors Rover 14bn Daimler 31-Dec-15: GBP 3.87bn, Net debt: GBP 104m (Int) Volvo Cars Q4 2017 NASDAQ EUR 5.6bn BMW 9m 2016 Revenue: EUR 12.9bn, EBIT: EUR 732m; Potentially Zhejiang Geely Holding, AMF, First Stockholm or/ Equity: EUR 4.3bn. 2015 Revenue: EUR 17.6bn (Int) Nordea Swedish National Pension Fund, Magneti End of 2017 TBC EUR 4bn - EUR Annual Revenue: EUR 7.9bn; EBITDA margin of 5% TBC Fiat Chrysler Automobiles Marelli 5bn (Int) Valentino Delayed to H1 2018. Italian Stock EV of EUR 3.2bn Prada, Hermes and 2016 Revenue: EUR 1.11bn, EBITDA: EUR 206m. TBC Mayhoola For Investments IPO or potential sale Exchange (based on EBITDA Salvatore Ferragamo 2015 Revenue: EUR 986m, EBITDA: EUR 183m (Int) to strategic investor. of EUR 206m). (main), LVMH Aston Martin 2018. IPO or London Stock GBP 1.95bn Ferrari (main), LVMH, TTM Revenue as of H1-17: GBP 791m; EBITDA: GBP TBC Investindustrial (37%), Investment Dar, Lagonda potential sale to Exchange Kering, BMW 174.6m; Net debt: GBP 419m (FS) Adeem Investment, Daimler (5%) strategic investor Groupe SMCP End of 2017 Euronext Paris EUR 1.23bn - EUR Moncler (main), Burberry, 1H-17 Revenue: EUR 439m, EBITDA: EUR 73m.
    [Show full text]
  • Prospectus for the Listing of $1.5 Billion 4.500% Senior Notes
    Prospectus dated August 14, 2015 FIAT CHRYSLER AUTOMOBILES N.V. (a public limited liability company incorporated under the laws of the Netherlands No. 60372958) $1,500,000,000 4.500% SENIOR NOTES DUE 2020 $1,500,000,000 5.250% SENIOR NOTES DUE 2023 _________________________________________________________________ On April 14, 2015, Fiat Chrysler Automobiles N.V. (the “Issuer”), a public limited liability company (naamloze vennootschap) incorporated and operating under the laws of the Netherlands, issued its $1,500,000,000 4.500% Senior Notes due 2020 (the “Initial 2020 Notes”) and its $1,500,000,000 5.250% Senior Notes due 2023 (the “Initial 2023 Notes” and collectively, the “Initial Notes”). The Initial Notes have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. The Initial Notes may not be offered or sold to U.S. persons, except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain persons in offshore transactions in reliance on Regulation S under the Securities Act. You are hereby notified that sellers of the Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A. For a description of certain restrictions on transfers of the Notes see “Transfer Restrictions” in the Original Prospectus (as such term is defined below). On July 28, 2015 the Issuer issued $1,460,345,000 aggregate principal amount of its 4.500% Senior Notes due 2020 registered under the Securities Act (the “2020 Notes”) and $1,467,939,000 aggregate principal amount of its 5.250% Senior Notes due 2023 registered under the Securities Act (the “2023 Notes” and together with the 2020 Notes, the “New Notes”).
    [Show full text]
  • Pirelli Original Equipment & Replacement Passenger & Light Truck Tires
    LIMITED WARRANTY PIRELLI ORIGINAL EQUIPMENT & REPLACEMENT PASSENGER & LIGHT TRUCK TIRES What Is Warranted and Who Is Eligible For Warranty Coverage? Pirelli Tire LLC (Pirelli), 100 Pirelli Drive, Rome, GA 30161, warrants that all Pirelli Original Equipment and New Replacement Passenger and Light Truck tires with a complete D.O.T. identification number and branded “Pirelli” which are supplied by Pirelli, either directly or through an authorized Pirelli dealer, and which are mounted on passenger vehicles and light trucks for primary use within the U.S.A. and Canada will be free from defects in workmanship and materials. This Limited Warranty is extended to the first retail purchaser of the tire in the United States and Canada or to the original owner of the vehicle on which Pirelli tires come mounted as Original Equipment. This Limited Warranty does not cover any associated service charges, including costs associated with mounting and balancing of the tire, tire rotation, studding, wheel alignment, etc., unless and to the extent otherwise expressly stated herein. Original Equipment and Replacement Tires Definitions “Original Equipment Tires” are Pirelli tires supplied as original equipment by the vehicle manufacturer or vehicle dealer on new vehicles. “Replacement Tires” are Pirelli tires mounted to your vehicle after the Original Equipment Tires or any tires from other manufacturers have been removed from your vehicle. Any references in this Limited Warranty to “Pirelli tires” without specification as to Original Equipment Tires or Replacement Tires should be read as reference to either one or both Original Equipment Tires or Replacement Tires. Other Warranties THIS LIMITED WARRANTY IS THE ONLY EXPRESS WARRANTY GIVEN BY PIRELLI.
    [Show full text]
  • Page 16 CMY K 08 0515 ALF AC a ROMEO 52116A014E Ar Tw Ork Mark AW Pr AC Inted V Ersion V Ersion CMY K Giulia Quadrifoglio 4C Coupe |
    ALFA ROMEO Artwork Mark Version AW Printed Version CMYK CMYK AC AC 08 05 15 GIULIA QUADRIFOGLIO 4C COUPE | 4C SPIDER 52116A014E Page 16 Page 1 A DRIVING PASSION FUELLED AT FINISH LINES Derived from the Alfa Romeo Alfa Romeo’s reputation for The influence of Enzo Ferrari on 6C 3000 prototype, the 6C performance sedans continued The best of Italian design the history and reputation of the Alfa Corse, the in-house racing 3000 CM Spider’s engine with the introduction of the Giulia roared back to North Alfa Romeo race program is team for Alfa Romeo, prepared capacity was increased to in 1962. Giulia was known for its American shores with the legendary. He began as a test four 8C 2900B cars for the 1938 3,495 cc and produced a top powerful engine and lightweight long-awaited introduction driver for Alfa, and soon became Mille Miglia. With Carrozzeria speed of 250 km/h. It was body, helping it to outperform many of the Alfa Romeo 4C. Its an official driver and dealer. Touring Superleggera roadster the winner of the 1st Gran sports cars of that era. Production of lightweight innovations He then took charge of the entire bodies and Vittorio Jano Premio Supercortemaggiore subsequent Giulia models for both help create an awe-inspiring racing program, establishing magnificent 2900 engines, held in Merano in 1953 and road and track (TZ2 shown below) It is a badge born 105 years ago power-to-weight ratio with Scuderia Ferrari in Modena, where they continued a history of came in second at the Mille continued on and off for decades to thrilling capabilities.
    [Show full text]
  • Brochure: Jaguar X150.II XK (February 2009)
    THE XK COLLECTION The new XK combines Jaguar’s legendary performance, with advanced technologies and sporting luxury to create a grand tourer with the heart and soul o f a s p o r t s c a r. DESIGN 4 PERFORMANCE 18 CRAFTSMANSHIP 24 TECHNOLOGY 30 THE XK COLLECTION 40 SPECIFICATION 56 DESIGN Some cars are built. Some are engineered. A Jaguar is created. A rare blend of art and performance, science and beauty. A new Jaguar is one of the most technologically advanced and luxurious cars ever made. Even standing still, the new XK looks fast. Coupe or Convertible, ultra-effi cient new 5.0 Litre V8 or thrilling new 375kW supercharged, its sweeping, athletic lines and muscular rear haunches exude immense visual energy. Fast has never looked this seductive. Visual energy is created by an aluminium skin stretched taut over the light, yet strong and immensely rigid body structure that gives the new XK its remarkable agility. It’s the energy that comes from the XK’s purity of design, with sculpted surfaces created to cut the air with aerodynamic effi ciency, delivering the visual promise of breathtaking performance and driving excitement. It’s the purity that comes from the XK’s exquisite, precision detailing. Complex mesh surfacing for the front grille openings. Bold, technically- advanced headlamps. Elegant and distinctive side power vents. The sculpted nose now features a dramatic new front bumper design with chrome detailed air intakes, heightening the look of power and performance. This is the beauty of a car that so effortlessly fulfi ls the dual roles of sophisticated, luxurious Grand Tourer and exhilarating, dynamic sports car.
    [Show full text]
  • Updated 2.5.16
    The 2016 FIM Homologated Motorcycles list will be available in the coming months. To assist our competitors MotoAmerica has released Technical Bulletin 01-2016. The following motorcycles are no longer homologated for use with MotoAmerica. Please view the FIM 2015 listing on pages 1-2 to determine the next homologated year. 2008 Ducati 1098R 2008 Honda CBR 1000RR 2008 Kawi ZX-10R 2008 KTM RC8 2008 Suzuki GSXR 1000 2008 GSXR 600 2008 YZF R6 Regarding the 2008 Yamaha YZF-R6, as many of the part numbers remain the same or are superseded to be the same, the technical bulletin includes a list detailing the parts that must be changed to "update" a 2008 R6 to the 2012 homologated model on page 3 SUPERBIKE MODEL PRODUCTION PERIOD FROM - UNTIL APRILIA RSV4 1000 Factory JAN 09 - end APRILIA RSV4 1000 Factory/2 DEC 09 – end (new crankcases + various updates) APRILIA RSV4 1000 RR/RF JAN 15 – present BMW S 1000 RR JAN 09 - end BMW S 1000 RR FEB 10 - end (+ ABS, DTC, Electronic Gear Assist.) BMW S 1000 RR JUN 10 - end (+ ABS, DTC, Electronic Gear Assist., new crankshaft) BMW S 1000 RR JAN 12 – end (+ ABS, DTC, Electronic Gear Assist., frame and parts updates) BMW S 1000 RR HP4 JAN 13 – end (+ABS, DTC, Electronic Gear Assist, DDC) BMW S 1000 RR JAN 15 – present (+ABS, DTC, Electronic Gear Assist, DDC, forged wheels) EBR 1190 RX JAN 14 - present DUCATI 1098 R (1198cc) JAN 08 – end DUCATI 1199 PANIGALE R FEB 13 – end DUCATI 1199 PANIGALE R FEB 15 - present HONDA CBR 1000 RR (SC59) JAN 08 – end HONDA CBR 1000 RR (SC59) JAN 09 - end (STD + ABS version) HONDA
    [Show full text]
  • Alfa Romeo 2020 Stelvio Brochure
    Page 1 HIGH-ALTITUDE PERFORMANCE The iconic Stelvio Pass in Northern Italy beckons daring drivers with its scene-stealing beauty, relentless hairpin turns and thrilling switchbacks — all with the unpredictable conditions found at 2,743 m (9,000 ft) above sea level. It’s a place that both inspires and informs the very first SUV created by a carmaker that has thrived on challenge for over a century. Welcome to Alfa Romeo Stelvio. 3 HISTORY 6 PERFORMANCE 10 Q4 AWD 12 TRIMS 14 STYLE 15 INTERIOR 18 CONNECTIVITY AND TECHNOLOGY 20 SAFETY TECH 23 NERO EDIZIONE 24 FEATURES 30 WHEELS 32 EXTERIOR COLOURS 33 INTERIOR FABRICS 36 INTERIOR TRIMS INTRO / 2 Page 2 The reverence people hold for The influence of Enzo Ferrari Alfa Romeo has only grown on the history and reputation with each milestone along the of the Alfa Romeo race program way. In 1954, Alfa Romeo upped is legendary. He began as a test the ante with the introduction of driver for Alfa Romeo and soon Alfa Corse, the in-house racing Giulietta, in several different became an official driver and team for Alfa Romeo, prepared street models, along with a dealer. He then took charge four 8C 2900B cars for the 1938 competition-only two-seater, of the entire racing program, Mille Miglia. With Carrozzeria the Giulietta Sprint Zagato. Its The Alfa Romeo Racing C38 establishing Scuderia Ferrari Touring Superleggera roadster all-aluminum and plexiglass marks the return of Alfa Romeo in Modena, where he and select bodies and magnificent Vittorio construction was an excellent to Formula 1 racing.
    [Show full text]
  • Design and Experimental Validation of a Carbon Fibre Swingarm Test Rig
    DESIGN AND EXPERIMENTAL VALIDATION OF A CARBON FIBRE SWINGARM TEST RIG Reno Kocheappen Chacko A research report submitted to the Faculty of Engineering and the Built Environment, of the University of the Witwatersrand, in partial fulfilment of the requirements for the degree of Master of Science in Engineering March 2013 Declaration I declare that this research report is my own unaided work. It is being submitted to the Degree of Master of Science to the University of the Witwatersrand, Johannesburg. It has not been submitted before for any degree or examination to any other University. …………………………………………………………………………… (Signature of Candidate) ……….. day of …………….., …………… i Abstract The swingarm of a motorcycle is an important component of its suspension. In order to test the durability of swingarms, a dedicated test rig was designed and realized. The test rig was designed to load the swingarm in the same way the swingarm is loaded on the test track. The research report structure is as follows: relevant literature related to automotive component testing, current swingarm test rig models and composite swingarms were outlined. The Leyni bench, a rig specifically developed by Ducati to test swingarm reliability was shown to be effective but lacked the ability to apply variable loads. The objective of this research was to design and experimentally validate a swingarm test rig to evaluate swingarm performance at different loads. The methodology, the components of the test rig and the instrumentation required to achieve the objectives of the research were presented. The elastic modulus of the carbon fibre swingarm material was calculated using classical laminate theory. The strains and stresses within a swingarm during testing were analysed.
    [Show full text]
  • Compass EMP Funds Trust Form N-PX Filed 2013-08-30
    SECURITIES AND EXCHANGE COMMISSION FORM N-PX Annual report of proxy voting record of registered management investment companies filed on Form N-PX Filing Date: 2013-08-30 | Period of Report: 2013-06-30 SEC Accession No. 0000910472-13-003608 (HTML Version on secdatabase.com) FILER Compass EMP Funds Trust Mailing Address Business Address 450 WIRESLESS BLVD 450 WIRESLESS BLVD CIK:1547580| IRS No.: 000000000 | State of Incorp.:DE HAUPPAUGE NY 11788 HAUPPAUGE NY 11788 Type: N-PX | Act: 40 | File No.: 811-22696 | Film No.: 131072456 631-470-2600 Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0582 Expires: January 31, 2015 Estimated average burden hours per response 7.2 --------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811- 22696 Compass EMP Funds Trust (Exact name of registrant as specified in charter) 17605 Wright Street, Omaha, NE 68130 ________________________________________________________________________ (Address of principal executive offices) (Zip code) The Corporation Trust Company 1209 Orange Street Wilmington, DE 19801 ________________________________________________________________________ (Name and address of agent for service) Registrant's telephone number, including area code: (402) 895-1600 Date of
    [Show full text]
  • Items for Ducati - SUPERBIKE
    Items for Ducati - SUPERBIKE Code Item Picture Colors Price • SF120B Clutch spring Retainers kit • Black € 25,62 • SF120G • Gold • SF120R • Red • KD316N Kit Ducati OEM clutch - 48 teeth • Natural € 372,10 sintered • KD116N Kit Ducati OEM clutch - friction and • Natural € 224,48 steel disks • WK001B 17 inch wheel stripes kit • Black € 24,40 • WK002PR 17 inch wheel stripes kit - pramac • Red/Blue € 31,72 Racing Limited Ed. • WK003PR 17 inches wheel stripes kit - pramac • Red/Blue € 31,72 Racing Limited Ed. • PT107B Adjustable license plate Ducati 749 • Black € 106,14 999 • PT302B Adjustable license plate Ducati • Black € 207,40 Panigale V-Twin • PT150B Adjustable license plate Ducati • Black € 152,50 Panigale V4 • PT111B Adjustable license plate Ducati SBK • Black € 150,06 Panigale series • PT108B Adjustable license plate Ducati848 • Black € 150,06 1098 1198 • PE210B Adjustable rear sets Ducati 848 1098 • Black € 558,76 • PE210G 1198 • Gold • PE210R • Red • PE210S • Silver • PE400GP ADJUSTABLE REAR SETS DUCATI • Red € PANIGALE SERIES EVO GP Edition 1.182,18 • PE406PR Adjustable rear sets Ducati Panigale • Silver/Red € V4 series for V4, V4 S and V4 1.118,74 Speciale - Pramac Racing limited Edition • PE223B Adjustable rear sets Limited Edition • Black € 745,42 Althea Racing SBK Ducati 848 1098 1198 • PE405B Adjustable rear sets RPS "Easy" • Black € 745,42 Ducati SBK Panigale series road and reverse shifting • PE408B Adjustable rear sets RPS Ducati • Black € • PE408S Panigale V4 R • Silver 1.068,72 • PE408PR Adjustable rear sets RPS Ducati
    [Show full text]