Piaggio & C (BIT:PIA) Full Year 2023 Results
Key Financial Results
- 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.
- EPS: €0.26 (up from €0.24 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Piaggio & C Revenues Disappoint
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Auto industry in Europe.
Performance of the market in Italy.
The company's shares are down 6.2% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Piaggio & C, and understanding them should be part of your investment process.
Valuation is complex, but we're helping make it simple.
Find out whether Piaggio & C is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About BIT:PIA
Piaggio & C
Piaggio & C. SpA, together with its subsidiaries, engages in development, manufacture, and distribution of two-wheeler and commercial motor vehicles.
Proven track record with adequate balance sheet.