International Dealer News 167 June/July 2022 IDN167 June/July 2022 | Page 22

THE BRADLEY REPORT
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THE BRADLEY REPORT

NEWS

BRIEFS

Just weeks after a 2022 schedule was announced , and after just one year , the IMS Outdoors powersports expo tour event series in the US has been cancelled . The series was a ' rescue ' iteration of the venerable indoor , winter , expo center based International Motorcycle Shows programme that had been staged by Advanstar in leading domestic US markets such as LA , New York and Chicago for some 40 years . It looks like current series owner Informa ( a UK based media and events conglomerate ) has finally figured out that the world is a changed place !
Energica Motor Company ( Italy ) has signed E-ZY Move of Herault ( Aude , Pyrenees Orientales ) in France as a new dealer . With headquarters in Cap d ' Adge ( and soon to also open in Montpellier ) E-ZY Move is a specialised electric two-wheeled vehicles sale and rental operator . In 2021 , registrations of electric motorcycles in France grew by 61 %, compared to a European average of 28 %.
After spy shots were seen last year , BMW has now filed a patent for a spring and wind pressure based system of ' adaptive aero ' moving bodywork . Unlike some of the electronic systems seen on some models ( such as from E- bike manufacturer Damon in Canada ) and the movable fairing panels on the Moto Guzzi V100 Mandello , the BMW system patents the concept of bodywork components " popping out " on springs . The panels then rely on the increased wind pressure as the speed increases to push them back in , closer to the bike .
Ducati has finally been able to reopen the doors of its Borgo Panigale Museum and run Factory visits fulltime ( closed Wednesdays ). To celebrate the 50th anniversary of the 1972 Imola 200 won by Paul Smart , the museum is temporarily hosting the rider ' s ' 750 Imola ' bike .

Piaggio - Q1 Results

Piaggio Group Chairman and CEO Roberto Colaninno is quoted as saying that " the Piaggio Group closed the first quarter of 2022 with very positive results at global level . " Consolidated net sales , EBITDA and net profit reached best-ever levels for the first quarter . Through careful cost management , we continue to monitor the effects of the Covid pandemic , the serious crisis between Russia and Ukraine ( which has no impact on our financial statements ) and the current difficulties in procuring electronic components . " Thanks to the great strength of our brands , we are nonetheless winning growing numbers of customers around the world , and I believe we shall be able to return to normal company operations by September of this year ." The Group ' s two wheel activities sold 119,000 units worldwide (+ 15.3 % from 103,200 at 31 March 2021 ), generating net sales of € 374,000m , an increase of + 26 % from € 296.9m in the year-earlier first quarter . The figure includes spares and accessories , on which turnover totalled € 29.4m (€ 29.6m at 31 March 2021 ). Two-wheeler sales in the first quarter of 2022 were particularly strong in Asia Pacific (+ 32.8 %), followed by EMEA (+ 27.6 %) and Americas (+ 25.8 %). In Europe , the Piaggio Group confirmed its leadership in the scooter segment with a share of 21 % and maintained a strong position in the North American scooter market , with a share of 25.3 %. In North America , the Group is also working to consolidate its presence in the motorcycle market with the Aprilia and Moto Guzzi brands . The scooter sector reported an increase of more than + 12.4 % in global sales , driven primarily by the Vespa brand , which recorded a double-digit rise in volumes and significant performance in Europe , America and Asia Pacific ( especially in Indonesia , China and Vietnam ), and by Aprilia scooters . In motorcycles , where overall sales rose by around + 45 %, Moto Guzzi reported a very strong first quarter , with volumes and net sales showing double-digit growth , thanks in particular to sales of the Moto Guzzi V7 and V85TT . The first quarter was also extremely positive for Aprilia motorcycles , chiefly as a result of sales of the new Aprilia Tuareg and Aprilia RS 660 , which benefited from the excellent performance of Aprilia Racing in the MotoGP championship . Piaggio Fast Forward ( PFF ), the
Boston , USA based Piaggio Group robotics and future mobility company , expanded its offer with the presentation in September of gitamini , a new robot that condenses the
Piaggio Group Chairman and CEO Roberto Colaninno : " Consolidated net sales , EBITDA and net profit reached best-ever levels for the first quarter ."
technology and functions of gita , its revolutionary " big brother ", in a lighter , more compact design . Gita and gitamini are made in the PFF plant in Boston ' s Charlestown district .
The first marketing phase for the robots focuses on the US market , where the circulation of robots on city streets is already regulated . PFF kicked off a series of pilot programs , together with partners active in various business sectors , to test further applications for gita in the travel , residential and retail sectors and in last-mile delivery . Group consolidated net sales in Q1 were € 455.8m , an increase of 18.5 % (+ 15.5 % at constant exchange rates ), compared to 384.7 € / m at 31.03.2021 ), the best-ever firstquarter result . Industrial gross margin was € 116.8m , up 5 % ( 111.2 €/ m at 31.03.2021 ), with 25.6 % return on net sales . EBITDA of € 60.1m represents the strongest result achieved in the first quarter , with an increase of 7.2 %. EBITDA margin was 13.2 %, EBIT € 27.7m , up 17.5 %, EBIT margin 6.1 %. Profit before tax was € 20.4m , up 10.4 %; net profit € 12.7m , again the best-ever first-quarter result , with an improvement of 14.1 % from 11.1 €/ m at 31.03.2021 . The net financial position of 441.1 € / m is an improvement of 7.5 € / m from 448.6 €/ m .
" The first quarter was also extremely positive for Aprilia motorcycles , chiefly as a result of sales of the new Aprilia Tuareg and Aprilia RS 660 , which benefited from the excellent performance of Aprilia Racing in the MotoGP championship ".
22 INTERNATIONAL DEALER NEWS - JUNE / JULY 2022