Finance
Vespa maker Piaggio's revenue falls to 370.7 million euros
Published by Global Banking & Finance Review®
Posted on May 9, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 9, 2025
1 min readLast updated: January 23, 2026
Piaggio's Q1 2025 revenue dropped to €370.7M, with vehicle sales down to 106,800 units. Market instability and geopolitical issues were key challenges.
(Reuters) -Italy's Piaggio posted first-quarter 2025 consolidated revenue of 370.7 million euros ($416.82 million), down from 428 million euros in the same period of 2024, the company said on Friday.
Piaggio sold 106,800 vehicles in the first three months of the year, compared to 120,300 in the first quarter of 2024.
Its gross industrial margin reached 30.5% of revenue, despite lower sales in some geographic areas.
"The beginning of the year was still characterised by international markets awaiting stability and the persistence of macroeconomic and geopolitical complexities, which we continue to address with careful management even in competitive contexts not always favourable to European industries," CEO Michele Colaninno said in a statement.
($1 = 0.8894 euros)
(Reporting by Laura Contemori, editing by Kirsten Donovan)
The article discusses Piaggio's revenue decline in Q1 2025, highlighting sales figures and market challenges.
Piaggio sold 106,800 vehicles in Q1 2025, down from 120,300 in the same period of 2024.
Piaggio faced market instability and geopolitical complexities impacting their sales and revenue.
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