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[ Mon, May 12th ]: Seeking Alpha
Piaggio & C. SpA: Italian Icon Ready For Electrification (PIAGF)
[ Mon, May 12th ]: Seeking Alpha
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Piaggio & C. SpA: Italian Icon Ready For Electrification (PIAGF)

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Piaggio maintains strong margins and profitability, supported by premium pricing and new product launches. Learn why PIAGF stock is a Buy.
Piaggio & C. SpA, an Italian company known for its iconic Vespa scooters, reported a strong Q1 2024 with a 20% increase in net sales to €534 million, driven by robust demand in Europe and the Americas. The company's EBITDA rose by 25% to €74 million, reflecting improved operational efficiency and a favorable product mix. Piaggio is actively pursuing electrification, with electric vehicle sales surging by 120% year-over-year, positioning the company well in the growing e-mobility market. The company's focus on innovation and sustainability, coupled with its strong financial performance, suggests that Piaggio is well-prepared to navigate the transition to electric vehicles and maintain its competitive edge in the global market.

Read the Full Seeking Alpha Article at:
[ https://seekingalpha.com/article/4785508-piaggio-and-c-spa-stock-q1-italian-icon-ready-for-electrification ]