Piaggio, net profit of 26.7 million in the first half of 2018 – Report

Pontedera. In the first half of 2018, the Piaggio Group recorded an improvement compared to the first half of 2017, with the growth of all the main indicators of the income statement and the reduction of the debt. Net profit stands at 26.7 million euros

C is what emerges from the half-year financial report to June 30, 2018 approved by the board of directors on July 27, under the chairmanship of Roberto Colaninno

. 729.6 million euros, up 1.2% (+ 6.2% at constant currency) (720.9 € / mln in the first half of 2017)

EBITDA is 116.6 million euros in the euro, up 2.3% (+ 3.1% at constant currency) (114 € / mln in the first half of 2017), the margin of Ebitda 16% (15.8% in the first half of 2017) [19659002] The industrial gross margin amounted to 228.3 million euros, up 1.4% (+3, 3% at constant exchange rates) (€ 225.2 / mln in the first half of 2017). 31.3% compared to the turnover (31.2% in the first half of 2017)

The operating result (Ebit) is 61.9 million euros, up 16.8% (€ 53 / mln in the first half of 2017)
EBIT margin 8.5% (7.3% in the first half of 2017)

The profit before tax is positive of 48.5 million euros, up 33.1% compared to 36.5 € / mln of the first half of 2017

Net profit is 26.7 million euros, up 26.2% (21.1 € / million in the first half of 2017)

The net financial position is equal to – 431.4 million euros

an improvement of 15.3 € / mln against -446.7 € / mln on 31 December 2017 and an improvement of 18.8 € / mln against – € 450.2 / mln as of June 30, 2017

Piaggio sold 304,000 vehicles worldwide, up 8.3% (280,700 in the first half of 2017)