* Bigger-than-expected profit drop expected for year
* Group Q3 EBIT down by more than half to 30.1 million euros
* Shares down 2.91 percent
* New industrial plan on Feb. 11
(Adds details, background)
By Gilles Castonguay
MILAN, Nov 7 (Reuters) - Pirelli & C forecast a bigger-than-expected profit drop for the year on Friday because demand for its tyres and property services in Europe and North America had weakened because of the global financial crisis.
"The size of the decline will be greater than what had been estimated at the end of the first half," the Italian holding company, which specialises in tyres and real estate, said in a statement.
