(Finance) – Piaggiobased on preliminary estimates relating to the first eight months of 2023, estimates that the Group’s EBITDA margin (EBITDA/Revenues) for the first eight months of 2023 confirmed the positive trend recorded in the first 6 months of 2023 (approximately 16% , or approximately 2 percentage points more than the previous year).
These results – we read in a note – were achieved “thanks to a rigorous premium pricing policy adopted by the Piaggio Group
supported by the strength of the Group’s brands, continuous improvements in production efficiency and a favorable mix of products sold.”
Therefore, it estimates that the Piaggio Group’s EBITDA for the first 8 months of 2023 grew by approximately 17% compared to the same period in 2022.
“Despite the current macroeconomic conditions and the weakness of the Asian market, the Piaggio Group estimates that i revenues increased by approximately 3% in the first eight months of 2023, compared to the same period of 2022. At constant exchange rates, revenue growth would be over
5%”.
The Pontedera Group concludes by underlining that “there is no certainty that these preliminary estimates will be confirmed or that the actual results will not be higher or lower than estimated”.