The Piaggio & C. S.p.A. Ordinary Shareholders’ Meeting held in Milan, Italy, chaired by Roberto Colaninno, examined and approved the company’s 2017 financial statements. All financial figures expressed are in Euro.
In brief, the Piaggio Group’s 2017 consolidated net sales amounted to $1,342.4 million (1,313.1 million in 2016); consolidated Ebitda amounted to $192.3 million, the best figure recorded since 2012 (170.7 million in 2016); Ebit was $72.3 million (60.9 million in 2016); pre-tax profit was $40.1 million (25.5 million in 2016); the Group’s net profit amounted to $20 million, representing 42.3 percent growth (14 million in the previous year). Net financial indebtedness as of 31 December 2017 was $446.7 million. The parent company, Piaggio & C. S.p.A., entered a net profit of $20.6 million.
The Ordinary Shareholders’ Meeting resolved to distribute a dividend of 5.5 eurocents (pre-tax) for each ordinary share entitled to dividends, for a total of $19,698,450.