Piaggio sees further growth in 2022 after H1 record sales, EBITDA
28/07/2022 12:29
July 27 (Reuters) - Italy's Piaggio PIA.MI said on
Thursday it would continue to grow in the second half of the
year despite a challenging environment after posting record core
earnings and sales in the first half.
The producer of the iconic Vespa scooters said its revenues
increased 12.9% at constant exchange rates to 1.05 billion euros
($1.07 billion) in the first six months of 2022, while earnings
before interest, taxes, depreciation and amortization (EBITDA)
rose 5.3% to 152.2 million euros.
Piaggio said it would distribute a gross interim dividend of
8.5 euro cents per share, for a total amount of 30.2 million
euros.
($1 = 0.9815 euros)
(Reporting by Michele Calamaio, editing by Maria Pia Quaglia)
((Michele.Calamaio@thomsonreuters.com;))