For its 2023 financial year ( the period to December 31 , 2023 ), Piaggio reported Group consolidated net sales of € 1,994.6m ( -4.4 % from € 2,087.4m in 2022 ). In geographical terms , turnover made a strong improvement in India (+ 14.9 %), was unchanged from the previous year in the EMEA and Americas area , but softened in the Asia Pacific area ( -23.8 % at constant exchange rates ). The industrial gross margin was |
€ 574.7m , an improvement of 3.6 % (€ 554.9m in 2022 ), for a return on net sales of 28.8 % ( 26.6 % in 2022 ). Group operating expense for 2023 was € 394m (€ 396.2m in 2022 ). Consolidated EBITDA was € 325m , the best ever recorded , up by 9 % (€ 298.1m in 2022 ). The EBITDA margin was 16.3 %, with EBIT of € 180.7m , a rise of 13.8 % (€ 158.7m in 2022 ). The EBIT margin was 9.1 %. Pre-tax profit for the year |
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Piaggio Group CEO Michele Colaninno ( seen here left with brother Matteo ) said : “ With each quarter , the global macroeconomic scenario is becoming more difficult to interpret and very unstable , and this situation will continue through the current year . That said , 2023 saw Piaggio consolidate its market position here in Europe and the USA , saw a slowdown in Asia and a healthy recovery in India . Against this background , the Piaggio Group closed the year with a record net profit of € 91.1m , its best result ever ." |
was € 135.3m , an increase of 6.4 % (€ 127.2 m in 2022 ). The Piaggio Group reported a net profit for 2023 of € 91.1m , also its best result ever , with growth of 7.3 % from € 84.9m . In the year to 31 December 2023 , the Piaggio Group sold 559,500 vehicles in total worldwide ( 625,500 in 2022 ). In PTW terms , the Group sold 436 , 300 two-wheelers |
worldwide in 2023 , generating net sales of € 1,535.9m ( 516,200 twowheelers were sold in 2022 , for net sales of € 1,683.8m ). Turnover on two-wheeler sales was stable (+ 0.9 %) in the EMEA and Americas area , with particularly healthy performance on the Italian market (+ 8.7 %), followed by the American market (+ 3 %). Sales slowed in India and in the Asia Pacific region . In the scooter sector , the Piaggio Group had a 22.4 % share of the European market and a 29.7 % share of the North American market . In North America , the Group continued work to consolidate the sales of Aprilia |
and Moto Guzzi models . Highlights in the scooter sector were the Piaggio Beverly and Piaggio Medley high-wheel models , and the turnover growth for Vespa scooters in the EMEA area . In the motorcycle sector , the market responded strongly to the Moto Guzzi V100 Mandello and showed clear interest in pre-booking for the new Moto Guzzi Stelvio . At Aprilia , the new 660 cc engine demonstrated outstanding versatility , taking Italian moto rally champion Jacopo Cerutti to a new victory in the famous Africa Eco Race , on an Aprilia Tuareg 660 . The Aprilia RS 660 sports bike took two riders to podium places in the Twins Cup class of the MotoAmerica championship . In commercial vehicle terms , the Piaggio Group reported 2023 sales volumes of 123,300 vehicles , up 12.8 % ( 109,300 in 2022 ), for net sales of € 458.7m , an improvement of 13.6 % from € 403.7m in 2022 . |
For the nine months to December 2023 , Kawasaki has confirmed global wholesale motorcycle shipments at 131,000 units , down by -16.56 % from the 157,000 units wholesaled in the year-ago period . For Europe , the company said that as the retail market continues to move on and recover from the worst of the |
impacts of Covid19 , it is seeing its market share in Europe increase as its supply capacity recovers from the multifaceted shocks that all manufacturers have been affected by . |
In the U . S ., Kawasaki says " our share of the retail market is growing , and the market remains strong . Dealer inventory is sufficient , and each company is strengthening sales promotion . " Our U . S . four-wheeler market share growth is expected to continue , despite a temporary decline due to the rebound from the strong demand seen as a |
result of the pandemic ", but Kawasaki acknowledges that while utility models have " held strong " in the U . S ., demand for recreational models has softened . Kawasaki says that the sports segment has remained weak in Southeast Asia and that despite some recovery , supply chain risks continue to have an impact on production . |