Annonce • Apr 13
Piaggio & C. SpA, Annual General Meeting, Apr 15, 2026 Piaggio & C. SpA, Annual General Meeting, Apr 15, 2026, at 11:00 W. Europe Standard Time. Agenda: To consider financial statements of Piaggio & C. S.p.A. as of December 31, 2025 and allocation of profit for the year; to consider report on the remuneration policy and compensation paid; and to consider authorization to purchase and dispose of treasury shares pursuant to the combined provisions of articles 2357 and 2357-ter of the Italian Civil Code, as well as article 132 of Italian legislative decree no. 58/1998 and related implementing provisions, subject to withdrawal of the authorization granted by the ordinary shareholders’ meeting of April 15, 2025 for the portion not executed. Annonce • Feb 25
Piaggio & C. SpA to Report Fiscal Year 2024 Results on Mar 04, 2025 Piaggio & C. SpA announced that they will report fiscal year 2024 results on Mar 04, 2025 Annonce • Dec 21
Piaggio & C. SpA to Report First Half, 2025 Results on Jul 29, 2025 Piaggio & C. SpA announced that they will report first half, 2025 results on Jul 29, 2025 Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: €0.029 (vs €0.059 in 3Q 2023) Third quarter 2024 results: EPS: €0.029 (down from €0.059 in 3Q 2023). Revenue: €366.9m (down 19% from 3Q 2023). Net income: €10.1m (down 52% from 3Q 2023). Profit margin: 2.8% (down from 4.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 16
Upcoming dividend of €0.12 per share Eligible shareholders must have bought the stock before 23 September 2024. Payment date: 25 September 2024. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.9%). In line with average of industry peers (7.4%). Declared Dividend • Aug 02
First half dividend of €0.12 announced Shareholders will receive a dividend of €0.12. Ex-date: 23rd September 2024 Payment date: 25th September 2024 Dividend yield will be 7.8%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (88% earnings payout ratio) but not covered by cash flows (124% cash payout ratio). The dividend has increased by an average of 12% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: €0.094 (vs €0.12 in 2Q 2023) Second quarter 2024 results: EPS: €0.094 (down from €0.12 in 2Q 2023). Revenue: €562.3m (down 10% from 2Q 2023). Net income: €33.4m (down 18% from 2Q 2023). Profit margin: 5.9% (down from 6.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 18
Now 21% overvalued Over the last 90 days, the stock has fallen 3.3% to €2.67. The fair value is estimated to be €2.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 9.9% per annum over the same time period. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: €0.053 (vs €0.068 in 1Q 2023) First quarter 2024 results: EPS: €0.053 (down from €0.068 in 1Q 2023). Revenue: €428.0m (down 22% from 1Q 2023). Net income: €18.7m (down 23% from 1Q 2023). Profit margin: 4.4% (in line with 1Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 15
Upcoming dividend of €0.08 per share Eligible shareholders must have bought the stock before 22 April 2024. Payment date: 24 April 2024. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.4%). Declared Dividend • Mar 07
Final dividend of €0.08 announced Shareholders will receive a dividend of €0.08. Ex-date: 22nd April 2024 Payment date: 24th April 2024 Dividend yield will be 7.2%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (322% cash payout ratio). The dividend has increased by an average of 12% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: €0.26 (vs €0.24 in FY 2022) Full year 2023 results: EPS: €0.26 (up from €0.24 in FY 2022). Revenue: €1.99b (down 4.4% from FY 2022). Net income: €91.1m (up 7.3% from FY 2022). Profit margin: 4.6% (up from 4.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: €0.059 (vs €0.072 in 3Q 2022) Third quarter 2023 results: EPS: €0.059 (down from €0.072 in 3Q 2022). Revenue: €454.2m (down 21% from 3Q 2022). Net income: €20.9m (down 19% from 3Q 2022). Profit margin: 4.6% (up from 4.5% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 11
Upcoming dividend of €0.13 per share at 7.1% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 20 September 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (5.9%). Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: €0.12 (vs €0.091 in 2Q 2022) Second quarter 2023 results: EPS: €0.12 (up from €0.091 in 2Q 2022). Revenue: €625.3m (up 4.7% from 2Q 2022). Net income: €40.7m (up 25% from 2Q 2022). Profit margin: 6.5% (up from 5.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 07
First quarter 2023 earnings released: EPS: €0.068 (vs €0.035 in 1Q 2022) First quarter 2023 results: EPS: €0.068 (up from €0.035 in 1Q 2022). Revenue: €546.8m (up 20% from 1Q 2022). Net income: €24.1m (up 90% from 1Q 2022). Profit margin: 4.4% (up from 2.8% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 17
Upcoming dividend of €0.10 per share at 4.6% yield Eligible shareholders must have bought the stock before 24 April 2023. Payment date: 26 April 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.2%). Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: €0.24 (vs €0.17 in FY 2021) Full year 2022 results: EPS: €0.24 (up from €0.17 in FY 2021). Revenue: €2.09b (up 25% from FY 2021). Net income: €84.9m (up 41% from FY 2021). Profit margin: 4.1% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: €0.072 (vs €0.023 in 3Q 2021) Third quarter 2022 results: EPS: €0.072 (up from €0.023 in 3Q 2021). Revenue: €573.8m (up 37% from 3Q 2021). Net income: €25.7m (up 219% from 3Q 2021). Profit margin: 4.5% (up from 1.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €573.8m (up 37% from 3Q 2021). Net income: €25.7m (up 219% from 3Q 2021). Profit margin: 4.5% (up from 1.9% in 3Q 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Auto industry in Germany. Buying Opportunity • Oct 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.7%. The fair value is estimated to be €2.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: €0.092 (vs €0.091 in 2Q 2021) Second quarter 2022 results: EPS: €0.092 (up from €0.091 in 2Q 2021). Revenue: €597.3m (up 16% from 2Q 2021). Net income: €32.5m (flat on 2Q 2021). Profit margin: 5.4% (down from 6.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.4%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • May 03
First quarter 2022 earnings released: EPS: €0.035 (vs €0.031 in 1Q 2021) First quarter 2022 results: EPS: €0.035 (up from €0.031 in 1Q 2021). Revenue: €455.8m (up 19% from 1Q 2021). Net income: €12.7m (up 14% from 1Q 2021). Profit margin: 2.8% (down from 2.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.9%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 12
Upcoming dividend of €0.065 per share Eligible shareholders must have bought the stock before 19 April 2022. Payment date: 21 April 2022. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 6.1%. Within top quartile of German dividend payers (3.9%). In line with average of industry peers (6.2%). Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.17 (up from €0.088 in FY 2020). Revenue: €1.67b (up 27% from FY 2020). Net income: €60.1m (up 92% from FY 2020). Profit margin: 3.6% (up from 2.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 11% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS €0.022 (vs €0.056 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €417.6m (up 6.0% from 3Q 2020). Net income: €8.07m (down 60% from 3Q 2020). Profit margin: 1.9% (down from 5.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 13
Upcoming dividend of €0.085 per share Eligible shareholders must have bought the stock before 20 September 2021. Payment date: 22 September 2021. Trailing yield: 3.5%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.3%). Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS €0.091 (vs €0.017 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €517.0m (up 79% from 2Q 2020). Net income: €32.4m (up 446% from 2Q 2020). Profit margin: 6.3% (up from 2.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • May 02
First quarter 2021 earnings released: EPS €0.031 (vs €0.009 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €384.7m (up 24% from 1Q 2020). Net income: €11.1m (up 254% from 1Q 2020). Profit margin: 2.9% (up from 1.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 12
Upcoming dividend of €0.026 per share Eligible shareholders must have bought the stock before 19 April 2021. Payment date: 21 April 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.0%). Reported Earnings • Mar 25
Full year 2020 earnings released: EPS €0.088 (vs €0.13 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.31b (down 14% from FY 2019). Net income: €31.3m (down 33% from FY 2019). Profit margin: 2.4% (down from 3.1% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Analyst Estimate Surprise Post Earnings • Mar 03
Revenue misses expectations Revenue missed analyst estimates by 0.04%. Over the next year, revenue is forecast to grow 20%, compared to a 28% growth forecast for the Auto industry in Germany. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS €0.088 (vs €0.13 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.31b (down 14% from FY 2019). Net income: €31.3m (down 33% from FY 2019). Profit margin: 2.4% (down from 3.1% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Is New 90 Day High Low • Feb 19
New 90-day high: €3.17 The company is up 19% from its price of €2.67 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.62 per share. Is New 90 Day High Low • Feb 02
New 90-day high: €2.98 The company is up 27% from its price of €2.35 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.65 per share. Is New 90 Day High Low • Jan 07
New 90-day high: €2.72 The company is up 12% from its price of €2.44 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.66 per share. Is New 90 Day High Low • Dec 16
New 90-day high: €2.68 The company is up 13% from its price of €2.38 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.66 per share. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue beats expectations Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 14%, compared to a 5.9% growth forecast for the Auto industry in Germany. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS €0.056 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €393.7m (up 2.7% from 3Q 2019). Net income: €20.0m (up 75% from 3Q 2019). Profit margin: 5.1% (up from 3.0% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Oct 31
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 1.2% at €393.7m. Revenue is forecast to grow 14% over the next year, compared to a 3.6% growth forecast for the Auto industry in Germany. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of €29.8m, down 35% from the prior year. Total revenue was €1.31b over the last 12 months, down 12% from the prior year. Is New 90 Day High Low • Oct 29
New 90-day low: €2.05 The company is down 13% from its price of €2.35 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.32 per share.