Piaggio reports "best year ever" - highest turnover for Aprilia
Commenting on its 2022 full-year financial performance, Piaggio Group Chairman and CEO Roberto Colaninno stated that "the Piaggio Group closed 2022 with its best results ever, setting new records for all indicators, including net sales of more than € 2bn and net profit up 41.4% to € 84.9m.
"The geopolitical and macroeconomic situation was and continues to be complicated, but we are confident and optimistic about 2023 and will continue along the important growth path we have already mapped out - confirming our investment plans and our commitment to ESG issues.
For the year ended 31 December 2022, the Group sold 516,200 two-wheelers worldwide, an increase of 14.8% from 449,700 in 2021, generating net sales of € 1,683.8m (+23% from € 1,369m at 31 December 2021).
The figure includes spares and accessories, on which turnover totalled € 155.5m, (+11.6% from € 139.4m in 2021).
Turnover from two-wheeler sales in 2022 was particularly strong in Asia Pacific (+57.1%), followed by the Americas (+42.7%) and EMEA (+10.3%), while a slight decrease was reported in India (-5.3%).
In Europe, the Piaggio Group confirmed its leadership in the scooter segment with a share of 22.9% (22.7% at 31 December 2021) and further strengthened its positioning on the North American scooter market, with a share of 35.4% (35% at 31 December 2021). In North America, the Group is also consolidating its presence in the motorcycle segment with the Aprilia and Moto Guzzi brands.
The scooter sector reported a 14.3% rise in worldwide sales, led by the Vespa brand, which recorded a turnover increase of almost 30%, by the Piaggio Liberty high-wheel scooter, by the new Piaggio 1 electric scooter and by the Aprilia scooters.
The motorcycle sector closed 2022 with a 19.7% improvement in sales volumes and record results. The Aprilia brand reported its highest ever turnover, up more than 30%, with particularly strong support from the Aprilia RS, Tuareg 660 and Tuono 1100, and a positive effect from the excellent results achieved by Aprilia Racing in the MotoGP Championship: in addition to Aleix Espargaró’s historic first victory, the team achieved eight podiums and two pole positions.
Moto Guzzi reported record sales volumes and turnover up by more than 15% to the best result ever, led by the all-terrain V85TT, the new Moto Guzzi V100 Mandello and the V7 range.
In corporate terms, consolidated net sales of € 2,087.4m was the highest figure ever reported, up 25.1% (€ 1,668.7m at 31.12.2021).
