Vespa maker Piaggio pledges higher interim dividend as Q2 core profit jumps
Vespa maker Piaggio pledges higher interim dividend as Q2 core profit jumps July 28 (Reuters) - Italian motor vehicle group Piaggio PIA.MI reported a more than 7% rise in its second-quarter core profit and pledged to pay a higher interim dividend than last year, sending its shares rising 2% on Tuesday.
The group, known for its iconic Vespa scooters, sold 150,400 vehicles between April and June, up from 131,700 in the second quarter of 2025.
Piaggio's quarterly EBITDA rose to €91.2 million ($103.6 million), with a corresponding margin of 18.2%
Consolidated net sales grew 7% at constant exchange rates to around €515 million
Net financial debt at end-June shrank by around 10% from a year ago to €481.7 million
Piaggio pledged to distribute an interim dividend of 5.7 cents per share on its 2026 results, versus 4 cents last year
($1 = 0.8806 euros)
(Reporting by Fabrizio La Rocca, editing by Milla Nissi-Prussak)
((Fabrizio.larocca@thomsonreuters.com))