Piaggio Group: 2018 closed on a positive note with growth of 4,3% compared to 2017

Piaggio Group closed 2018 with an improvement, with all the main income statement indicators growing, operating results and net profit also improving, with a reduction in debt.

The Group's consolidated net revenues amounted to 1.389,5 million euros, an increase of 4,3% compared to the 1.332,4 million euros recorded in 2017, the industrial gross margin amounted to 423,6 million euros, with an increase of 4,5% compared to the 405,4 million euros recorded in 2017. During 2018 the Piaggio Group sold a total of 603.600 vehicles worldwide, up 9,2% (552.800 units sold in 2017). At the geographical area level, sales volumes increased India (+ 23,5 %) and in the Asia Pacific area (+9,7%), while those recorded in EMEA and America (-4,3%) mainly suffered the effect of the contraction of the 50cc vehicle market.

As of December 31, 2018, the Group sold worldwide 393.100 two-wheeled vehicles growing by 4,6% (376.000 in 2017), for a net turnover of 957,9 million euros (942,1 million euros in 2017). In 2018 the Piaggio Group recorded a strong increase of 30,3% in sales volumes in the Indian two-wheeler market, driven by the excellent results of Vespa e Aprilia SR, and a 9,7% increase in two-wheeler volumes in Asia Pacific was recorded. In the scooter sector, the excellent results of the brand are particularly noteworthy Vespa, which increased global unit sales by 16% and posted its record sales year since 2007; All the main reference markets contributed to this result with a significant increase in India, Asia Pacific and Europe, thanks also to the success achieved by the launch of the special series. Also in the scooter segment, we note the growth in volumes of three-wheelers MP3, in particular thanks to the positive response obtained from the new engines, and the Aprilia SR scooter in the Indian market.