Piaggio closes the yr with file income | EUROtoday

Listen to the audio model of the article

New information, in 2023, for Piaggio, with Ebitda reaching 325 million euros on the finish of the monetary yr, 9% greater than the earlier yr, with an incidence of 16.3 p.c. Revenues are confirmed at round 2 billion euros (1.995 billion, down 4.4% in comparison with 2.087 billion the earlier yr) for a internet revenue of 91.1 million euros, the most effective outcome ever. The distribution of a closing dividend of 8 cents per share is proposed, bringing the whole coupon for 2023 to twenty.5 cents.

«The international macroeconomic situation turns into tougher to interpret and considerably unstable each quarter, a situation that may proceed for the present monetary yr – he defined the CEO of the Group, Matteo Colaninno -. That stated, the yr was characterised by consolidation in Europe and the United States, a slowdown within the Asian continent and a very good restoration within the Indian continent. In these eventualities, Piaggio recorded a file internet revenue. The fixed consideration to firm processes and the development of productiveness have generated very attention-grabbing margins, exceeding 16% Ebitda margin”.

As of 31 December 2023, the Group sold 436,300 two-wheeled vehicles worldwide, for a net turnover of 1,535.9 million (516,200 two-wheeled vehicles sold in 2022, for a turnover of 1,683.8 million euros). The data also includes spare parts and accessories, which recorded a turnover of 157.1 million euros (+1% compared to 155.5 million in 2022). In the commercial vehicle sector, the Piaggio Group sold 123,300 units, an increase of 12.8% (109,300 as at 31 December 2022), achieving a net turnover of 458.7 million euros, up by 13.6% compared to 403.7 million euros as of 31 December 2022.

The knowledge contains spare components and equipment, which recorded a turnover of 62 million euros (-3.2% in comparison with 64 million euros in 2022). At a geographical degree, India confirmed a really constructive pattern (+14.9%), the EMEA and Americas space achieved steady turnover in comparison with the earlier yr, whereas the Asia Pacific space recorded a decline (-23.8% at fixed change charges ). The industrial gross margin amounted to 574.7 million, up by 3.6%, with an impression on turnover of 28.8% (26.6% in 2022). The working outcome (Ebit) amounted to 180.7 million euros, a rise of 13.8% (158.7 million euros in 2022); the Ebit margin is the same as 9.1% (7.6% at 31 December 2022). The pre-tax outcome for the interval amounted to 135.3 million euros, up 6.4%. Net monetary debt (NFP) at 31 December 2023 amounted to 434 million euros (368.2 million euros recorded at 31 December 2022).