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Piaggio Improves Profit in 2005
Privately-held Piaggio & Co. SpA closed 2005 with a net profit of Euro 37.9 million ($45.2 million) on sales of Euro 1.451 billion ($1.731 billion). The results are an improvement from a net profit of Euro 4.1 million on sales of Euro 1.084 billion in 2004.
The Italian manufacturer – owner of the Aprilia, Moto Guzzi, Derbi, Piaggio, Vespa and Gilera powersports brands – recently decided to apply for listing on the electronic stock market MTA (Mercato Telematico Azionario) segment of Borsa Italiana. Piaggio officials said the company could go public by August.
