Italy's Piaggio posts 27% rise in preliminary full-year revenues
04/02/2022 12:42
Feb 4 (Reuters) - Italian scooter maker Piaggio PIA.MI
reported on Friday a 27% rise in its 2021 preliminary revenues,
as the group gradually rebounds from the negative effects of the
COVID-19 pandemic.
"We are witnessing a good increase in sales in all markets
and this suggests a positive trend in revenues, despite the
persisting challenges arising from continuous lockdowns in
India," Chief Executive Roberto Colaninno said in a statement.
He added that there were still critical issues linked to the
logistics of raw materials and to inflation rates.
The producer of the iconic Vespa scooter posted 1.67 billion
euros ($1.92 billion) in preliminary revenues and said its net
debt had improved by 43 million euros to about 380 million euros
at the end of December 2021.
($1 = 0.8714 euros)
(Reporting by Federica Urso, editing by Giulia Segreti)
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