Italy's Piaggio misses FY sales expectations, net income drops

Piaggio & C SpA

05/03/2026 15:27

Overview

Italy-based vehicle maker's yearly sales missed analyst expectations amid lower demand

Company reported net income of EUR 34 mln for 2025 compared to EUR 67.2 mln a year ago

EBIT for 2025 fell to EUR 101.2 mln from EUR 147.7 mln

Outlook

Company plans to consolidate presence in North American scooter market

Piaggio continues focus on Green Deal strategy with electric vehicle launches

Company aims to strengthen market position in European scooter segment

Result Drivers

MACROECONOMIC FACTORS - CEO Michele Colaninno cited global macroeconomic challenges and increased material costs affecting performance

DEMAND DOWNTURN - Company cited generalised downturn reflecting lower demand in Europe and US markets, and contraction in premium market in APAC region

Company press release: ID:nBIA7BqBx9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Sales
Miss
EUR 1.50 bln
EUR 1.53 bln (7 Analysts)
FY Net Income
EUR 34 mln
FY EBIT
EUR 101.20 mln
FY EBITDA
EUR 250.80 mln
FY EBITDA Margin
16.70%
FY EBIT Margin
6.70%
FY Pretax Profit
EUR 51.60 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the auto & truck manufacturers peer group is "buy."

Wall Street's median 12-month price target for Piaggio & C SpA is €2.10, about 22.4% above its March 4 closing price of €1.72

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)