The Piaggio Group says its half year results to 30 June 2016 “reconfirm our leadership of the European two-wheeler market with a 14.8% overall share and a 26% share of the scooter sector. In high-wheel scooters, we have seen strong growth in net sales in part thanks to the new Piaggio Liberty and Medley ABS, as well as the Beverly bestseller”.
In the first half to 30 June 2016, the Group sold 182,100 two-wheelers worldwide (up +3.6% from 175,700 in the year-earlier period), generating net sales of 507.4 million euro, an improvement of +2.2% from 496.3 million euro in the first half of 2015. The figure includes spares and accessories and sales of the Piaggio Wi-Bike pedal-assisted bicycle, which had a positive impact on net sales.
The company says its 26% market share in scooters puts it more than 12 percentage points ahead of its nearest European competitor. The Group also maintained “a particularly strong positioning on the North American scooter market” with a share of 19.1%.
The Vespa brand strengthened its position in the European market, with revenues up by +4.7%.
Performance was also strong in Group motorcycles, with an increase of more than +8% in Moto Guzzi sales, in particular thanks to the new V9 Roamer and Bobber, while for the Aprilia brand important growth was reported by the Supersport models in the Tuono V4 line, where sales rose by +55%.
Piaggio say that Group performance was positive in the first half of 2016 with improvements in all the main indicators compared with the first half of 2015.
Group consolidated net sales in the first half of 2016 totalled 706.5 million euro, an improvement of +1.8% (+3.8% at constant exchange rates) from 693.9 million euro at 30 June 2015. Revenues rose on all the Group’s main lines of business. Turnover in the two-wheeler sector was 507.4 million euro, an increase of +2.2% from 496.3 million euro in the first half of 2015 (the figure includes spares and accessories). Revenues for commercial vehicles, including spares and accessories, were 199.1 million euro, a small increase from 197.6 million euro in the first half of 2015.
At 30 June 2016, the Piaggio Group posted profit before tax of 30 million euro, up +21.9% compared with 24.6 million euro in the year-earlier period. The first half of 2016 closed with net profit of 18 million euro, an increase of +21.9% compared with 14.8 million euro in the first half of 2015.
In the first half of 2016, the Piaggio Group sold 276,700 vehicles in total worldwide (an increase of +2.6% from 269,600 in the first half of 2015).
www.piaggio.com
