Vespa scooter maker Piaggio's net profit halves in 2025

Piaggio & C SpA

05/03/2026 16:05

March 5 - Piaggio PIA.MI, the manufacturer of Vespa scooters, reported on Thursday a 49% drop in its 2025 net profit to 34 million euros ($39 million), surpassing a company-provided analysts' consensus of 32 million euros.

Piaggio said it maintained "very" positive margins by focusing on making its processes more efficient.

"Although it is still difficult to provide precise guidance for the immediate future, the group confirms its long-term product strategies in two-wheelers, commercial vehicles and advanced robotics", CEO Michele Colaninno said in a statement.

2025 EBITDA fell 12.5% to 250.8 million euros, slightly below consensus of 251 million euros

2025 EBITDA margin came at 16.7%, slightly below the 16.9% of 2024

Sales fell 11.8% to 1.50 billion euros, slightly missing market estimates of 1.51 billion euros

The company does not plan to pay an additional dividend beyond the 4 euro cents per share it paid in September

($1 = 0.8630 euros)

 (Reporting by Philippe Leroy Beaulieu in Gdansk; Editing by Matt Scuffham)

 ((Philippe.leroybeaulieu@thomsonreuters.com))