PIAGGIO Group has reported increased sales revenues in its PTW businesses for the first half of 2015, with Vespa +9.3 percent, Piaggio Mp3 +24 percent, Aprilia +16.4 percent and Moto Guzzi +24.7 percent.
The company puts the positive performance of its motorcycle business units down to the success of key new products such as the Aprilia RSV4 RR/RF, Tuono 1100 Factory/RR and Caponord 1200 Rally, and the Audace and Eldorado 1400 for Moto Guzzi.
Piaggio say their overall PTW unit market share leadership remains robust at 14.6 percent and 24.8 percent in the scooter sector.
The Group shipped 175,700 vehicles in the first half of 2015, compared to 181,100 in 2014, for net sales of 496.3 million euro, which is up by 8.1 percent from the first half of last year despite the small drop in unit numbers. That figure includes an 11.3 percent increase in the sales of spares and accessories to 65.1 million euro.
Piaggio say revenue grew in all the main regions where it operates in the two-wheel sector, with turnover of 394.4 million euro in the EMEA and Americas areas (+5.2 percent), 90.5 million euro in Asia Pacific (+19.4 percent) and 11.3 million euro in India (+35.9 percent).
Group consolidated net sales for all activities (including commercial vehicles) totalled 693.9 million euro for the first six months of the year, a +10.3 percent improvement; industrial gross margin was 204.4 million euro, up by 10 million euro, with a slightly reduced return on net sales of 29.5 percent (from 30.9 percent).
Group profit before tax was 24.6 million euro (27.5 million euro in 2014). Net debt was reduced from 568.4 million euro at the end of the first quarter to 535.3 million euro after the second quarter, but that is from the 492.8 million euro reported at the end of 2014, largely said to be due to the capital costs of the major new product launches - Group capital expenditure was 43.5 million euro in the first half of the year compared to 38.2 million euro in the first half of 2014 and including 27 million euro for R&D expenditure.
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