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Last €2.47 EUR
Change Today -0.034 / -1.36%
Volume 659.8K
PIA On Other Exchanges
Symbol
Exchange
BrsaItaliana
Mexico
Frankfurt
As of 9:46 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

piaggio & c. s.p.a. (PIA) Snapshot

Open
€2.49
Previous Close
€2.50
Day High
€2.51
Day Low
€2.44
52 Week High
06/11/15 - €3.18
52 Week Low
10/10/14 - €1.93
Market Cap
890.7M
Average Volume 10 Days
868.1K
EPS TTM
€0.06
Shares Outstanding
361.2M
EX-Date
04/20/15
P/E TM
44.3x
Dividend
€0.07
Dividend Yield
2.91%
Current Stock Chart for PIAGGIO & C. S.P.A. (PIA)

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piaggio & c. s.p.a. (PIA) Details

Piaggio & C. SpA, together with its subsidiaries, develops, manufactures, and distributes two-wheeler and commercial motor vehicles. It offers two-wheelers, including scooters, mopeds, and motorcycles, as well as related accessories and spare parts under the Aprilia, Derbi, Gilera, Moto Guzzi, Piaggio, Scarabeo, and Vespa brands names. The company also provides three-and four-wheeler light transport sector vehicles, as well as related spare parts and accessories for commercial and private use under the Ape, Porter, and Quargo brands. In addition, it sells engines to third parties; and provides technical services. The company operates primarily in Europe, the Middle East, Africa, Asia Pacific, and the Americas, as well as India. It distributes its vehicles primarily through dealers and importers. The company was founded in 1884 and is headquartered in Pontedera, Italy. Piaggio & C. SpA operates as a subsidiary of IMMSI S.p.A.

7,675 Employees
Last Reported Date: 08/20/15
Founded in 1884

piaggio & c. s.p.a. (PIA) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: €1.3M
General Manager of Finance
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

piaggio & c. s.p.a. (PIA) Key Developments

Piaggio & C. SpA Reports Consolidated Earnings and Sales Results for the Half Year Ended June 30, 2015

Piaggio & C. SpA reported consolidated earnings and sales results for the half year ended June 30, 2015. For the period, the company reported consolidated net sales in the first half of 2015 totalled EUR 693.9 million, an improvement of 10.3% from EUR 629 million at June 30, 2014 assisted by the positive exchange-rate effect. The industrial gross margin for the first half was EUR 204.4 million, an increase of EUR 10 million from the first half of 2014 (EUR 194.4 million), with a return on net sales of 29.5% (a slight decrease compared with 30.9% at June 30, 2014 due in part to the exchange-rate effect). Consolidated EBITDA was EUR 95.1 million, up from EUR 94 million in the first half of 2014. EBIT in the first half of 2015 was EUR 42.9 million, down by EUR 8.2 million from EUR 51.1 million in the first half of 2014 as a result of higher amortisation and depreciation for EUR 9.2 million. The Piaggio Group closed the first half of 2015 with profit before tax of EUR 24.6 million, compared with EUR 27.5 million at June 30, 2014. The first half of 2015 closed with a net profit of EUR 14.8 million, compared with EUR 16.5 million at June 30, 2014. Net debt at June 30, 2015 was EUR 535.3 million, an improvement on EUR 568.4 million at March 31, 2015. Operating cash flow in the first half increased to EUR 63.9 million, up by EUR 6.8 million from EUR 57.1 million in the first half of 2014. Piaggio Group capital expenditure in the first half of 2015 amounted to EUR 43.5 million against EUR 38.2 million at June 30, 2014, of which EUR 27 million for R&D expenditure (EUR 23.8 million at June 30, 2014) and approximately EUR 16.5 million in property, plant and equipment, investment property and intangible assets (EUR 14.4 million at June 30, 2014). For the period, the company reported the Group sold 269,600 vehicles worldwide against 278,500 in the year-earlier period. Performance in sales was achieved despite the persistent weakness of the European scooter market (-1% overall from the first half of 2014), the volatility of demand in the two-wheeler sector on the emerging markets and the sharp slowdown on the Indian three-wheel commercial vehicle market. The fall in Group sales volumes was effectively counterbalanced both by the shift in the product mix to vehicles with higher value per unit and by the Piaggio Group's premium price policy.

Piaggio & C. SpA, H1 2015 Earnings Call, Jul 30, 2015

Piaggio & C. SpA, H1 2015 Earnings Call, Jul 30, 2015

Piaggio & C. S.p.A. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Write-Downs for the First Quarter Ended March 31, 2015

Piaggio & C. S.p.A. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net sales were EUR 302,004,000 against EUR 276,786,000 a year ago. EBIT was EUR 10,828,000 against EUR 11,729,000 a year ago. Profit before tax was EUR 1,951,000 against EUR 1,796,000 a year ago. Profit from continuing operations was EUR 1,171,000 against EUR 1,077,000 a year ago. Profit for the period attributable to equity holders of the parent was EUR 1,189,000 against EUR 1,083,000 a year ago. Diluted earnings per share were EUR 0.003 against EUR 0.003 a year ago. Cash flow from operating activities was EUR 52,305,000 against EUR 48,869,000 a year ago. Investment in property, plant and equipment was EUR 5,615,000 against EUR 5,497,000 a year ago. Investment in intangible assets was EUR 15,718,000 against EUR 10,820,000 a year ago. Net financial debt at 31 March 2015 was EUR 568.4 million, compared with EUR 492.8 million at 31 December 2014. The increase of EUR 75.6 million from the end of last year was largely due to the typical seasonal nature of the two-wheeler business, which absorbs financial resources in the first half of the year and generates resources in the second half. For the first quarter ended March 31, 2015, the company reported write-downs of EUR 121,000 against EUR 180,000 a year ago.

 

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Company Last Change
Mahindra & Mahindra Ltd 1,135 INR -42.65
Scooters India Ltd 23.25 INR +0.15
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Industry Analysis

PIA

Industry Average

Valuation PIA Industry Range
Price/Earnings 63.8x
Price/Sales 0.7x
Price/Book 2.2x
Price/Cash Flow 8.1x
TEV/Sales NM Not Meaningful
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