(Finance) – Piaggioan Italian vehicle manufacturer listed on Euronext Milan, closed on 2023 with Net revenues consolidated amounts of 1,994.6 million euros (-4.4% compared to 2,087.4 million euros in 2022). At a geographical level, India showed a very positive trend (+14.9%), the EMEA and Americas area achieved stable turnover compared to the previous year, while the Asia Pacific area recorded a decline (- 23.8% at constant exchange rates). The group sold a total of 559,500 worldwide vehicles (625,500 vehicles in 2022).
L’EBITDA consolidated is 325 million euros, the highest ever recorded, an improvement of 9% (298.1 million euros in 2022). L’EBITDA margin is equal to 16.3% (14.3% at 31 December 2022). L’Net income it is positive for 91.1 million euros, the best result ever and up by 7.3% compared to the 84.9 million euros at 31 December 2022.
“The The global macroeconomic scenario becomes more difficult to interpret and somewhat unstable every quartera condition that will continue for the current financial year – commented the CEO Michele Colaninno – That said, the year 2023 was characterized by consolidation in Europe and the United States, a slowdown in the Asian continent and a good recovery in the Indian continent. In these scenarios, the group recorded a record net profit of 91.1 million euros, the best result ever. Investments in new products and continuous research into new technologies in both mechanics, robotics and intelligent software allow us to prepare for the near future with optimism, keeping cash generation under control.”
“There constant attention to company processes et al productivity improvement have generated very interesting margins, exceeding 16% of EBITDA Margin – he added – In relation to ESG issues and green mobility, the Group is respecting the times and investments in the production sites in Italy by implementing concrete actions to help achieve the objectives climates set by the European Union”.
L’net financial debt (NFP) at 31 December 2023 it amounted to 434 million euros (368.2 million euros recorded at 31 December 2022).
The Board of Directors will propose to the shareholders’ meeting to distribute a balance on the dividend of 8 euro cents, before taxes, for each entitled ordinary share (in addition to the advance of 12.5 euro cents paid on 09.20.2023, coupon ex-dividend date 09.18.2023), for a total dividend for the 2023 financial year of 20.5 euro cents, equal to a total of 72,630,957.04 euros. The ex-dividend date of coupon no. 22 is the day 04.22.2024, record date 04.23.2024 and payment date 04.24.2024.
Furthermore, the Board of Directors decided to propose to the meeting of renew the authorization to purchase and dispose of treasury sharesalready granted by the ordinary meeting of 18 April 2023 and which will expire on 18 October 2024.