Finance
Vespa maker Piaggio's profit nearly halves in first nine months of 2025
Published by Global Banking & Finance Review®
Posted on November 7, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 7, 2025
1 min readLast updated: January 21, 2026
Piaggio's profit dropped 49% in 2025 due to US tariffs and rising costs. The company sold fewer vehicles and plans strategic responses to market challenges.
(Reuters) -Piaggio's net profit fell 49% to 31.7 million euros ($37.0 million) in the first nine months of 2025, the Italian vehicle maker said on Friday, as the market contracts under the weight of U.S. import tariffs and rising costs of commodities.
The company, known for its iconic Vespa scooters, sold 346,500 vehicles between January and September, compared to 380,000 units in the same period of 2024.
"We shall continue to respond to the current macroeconomic and geopolitical complexities with careful management of liquidity and productivity, and to take a flexible approach to growing investments," Piaggio said in a statement.
($1 = 0.8575 euros)
(Reporting by Mirko Miorelli in Gdansk, editing by Milla Nissi-Prussak)
Net profit is the amount of money that remains after all expenses, taxes, and costs have been subtracted from total revenue. It indicates a company's profitability.
Liquidity management refers to the process of managing a company's cash flow to ensure it can meet its short-term financial obligations and maintain operational efficiency.
Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, such as oil, gold, and agricultural products.
Market contraction refers to a decline in the overall economic activity of a market, often leading to reduced sales, profits, and employment.
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