february 25, 2019 - Piaggio Group

PIAGGIO GROUP: 2018 DRAFT FINANCIAL STATEMENTS

In 2018, the Piaggio Group reported an improvement in performance from the previous year, progress on all the main earnings indicators, a strong increase in Ebit and net profit, higher capital expenditure and a reduction in debt.

Consolidated net sales 1,389.5 million euro, up 4.3% (+8.2% at constant exchange rates)
(1,332.4 €/mln in 2017)

Industrial gross margin 423.6 million euro, up 4.5%
(405.4 €/mln in 2017), 30.5% return on net sales (30.4% in 2017)

Ebitda 201.8 million euro, up 4.9% (+7.4% at constant exchange rates)
(192.3 €/mln in 2017) Ebitda margin 14.5% (14.4% in 2017)

Ebit 92.8 million euro, up 28.3%
(72.3 €/mln in 2017) Ebit margin 6.7% (5.4% in 2017)

Profit before tax 67.8 million euro, up 69.4%
(40.1 €/mln in 2017)

Net profit 36.1 million euro, up 80.6% (20 €/mln in 2017)

Net financial position -429.2 million euro, an improvement of 17.5 €/mln from -446.7 €/mln at 31 December 2017

603,600 vehicles shipped worldwide, up by 9.2% (552,800 in 2017)

Capital expenditure 115.3 million euro, up 33% (86.7 €/mln in 2017)

Proposed dividend of 0.09 euro per share (equivalent to 32,155,184.34 euro)

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>> Further information in the press release to download



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