Piaggio archived “a new record quarter with the best results ever, the sixth in a row in growth”. This was underlined by the chairman and CEO Roberto Colaninno, presenting a turnover up by 20% which exceeded 500 million euros (546.8 million), Ebitda at 81 million (+34.9%), with an impact on revenues of 14.8%, and net profit almost doubled compared to the same period of the previous year, reaching 24.1 million euros. “These results make us very satisfied with the work carried out and allow us to continue our important growth path already outlined with confidence and optimism, confirming the planned investments and the commitment to ESG issues. The central objective for 2023 is to preserve margins and improve where possible” adds Colaninno. The group sold a total of 154,900 vehicles worldwide (+9.2%), in particular 124,700 two-wheelers (+4.8%). The scooter sector saw an increase in turnover of 16.8% globally, driven in particular by the Vespa brand, which recorded an increase of almost 18%, the three-wheeler Piaggio MP3 and the high-wheel scooters Piaggio Beverly , Medley and Liberty. The motorcycle sector closed the first quarter of 2023 with a 12.7% increase in turnover and record results.
Moto Guzzi recorded its best first quarter ever, with volumes up more than 30% and revenues up 55%. In the commercial vehicles sector, it sold 30,200 units, an increase of 32.4%, resulting in net sales of 108.8 million euros, an increase of 32.9%. Geographically, the Indian market regained strength, recording commercial vehicle sales up by 54% and volumes up by 36.1%. The Emea & Americas area as a whole recorded an increase in turnover, and an increase in volumes of 7.7%. For 2023 Piaggio expects to “continue on its growth path, confirming the planned investments in new products and new plants and strengthening its commitment to ESG issues” and “will continue to work as always to meet commitments and objectives, maintaining a constant focus on the efficient management of its economic and financial structure, to respond in an agile and immediate way to the challenges and uncertainties of 2023”.
Source: Ansa
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