FAQ

General informations

Who is the Company’s majority shareholder?

The Group is controlled by Immsi S.p.A., an industrial holding listed on the Milan Stock Exchange and headed by Roberto Colaninno

What is the range of products of the group?

The Piaggio Group product range includes scooters, motorcycles and mopeds in the 50cc to 1200cc displacement range for the Piaggio, Vespa, Gilera, Aprilia, Moto Guzzi, Derbi and Scarabeo brands. The Group also manufactures three- and four-wheel light transport vehicles for the Ape, Porter and Quargo ranges.

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How many employees does Piaggio have?

Piaggio has over 8000 employees.

How long Piaggio is a listed company?

The Group has been listed on the Milan Stock Exchange since 11 July 2006

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What are the main features of Piaggio’s corporate governance system?

In the Group’s system, the Board has a central role in connection with corporate organisation and is responsible for the functions and strategic guidelines

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Where can I find basic info on the Piaggio Group?

You can look at the profile

 

Governance   

Which is Piaggio's Corporate Governance structure?

The Company is organized in accordance with the traditional administration and control model mentioned in articles 2380 bis et seq pf the Italian Civil Code, with the Shareholders' Meeting, the Board of Directors and the Board of Statutory Auditors. The Appointement Proposals Committee, the Remuneration Committee, the Internal Control Committee and the Committee for Transactions with Related Parties have been established within the Board of Directors.

Who are the members of the Board of Directors?

The Board of Directors of the Issuer in office at the date of this Report consists of 11 (eleven) members - 6 (six) are independent - elected by the Ordinary Shareholders' Meeting held on 13 April 2012, based on the single slate of candidates filed by the majority shareholder IMMSI S.p.A.

The Board and its current members will remain in office until the date of the Shareholders' Meeting convened to approve the Financial Statements for the year ended 31 December 2014.

Which is the term of office of the Board of Statutory Auditors?

The Board of Statutory Auditors currently in office was unanimously appointed by the Ordinary General Meeting held on April 13, 2012, based on the sole list of candidates presented by the majority shareholder IMMSI S.p.A.. The Board will remain in office until approval of the financial statements for the year ended December 31st 2014.

Where I can find the notice of call and information concerning the Shareholders' Meeting?

The notice of call as well as all the relevant information concerning the Shareholders' Meeting of Piaggio can be reached at Governance/General Meeting.

What is the Corporate Governance report?

The Report on corporate governance and ownership, drawn up by the Company yearly, describes the corporate governance system adopted by Piaggio and contains information on corporate ownership and the internal control system. The Report is published under Governance/Corporate Governance Report.

 

Investors   

When are the financial results scheduled to be released?

The publication date of the interim and annual financial reports for the current year can be found in the Financial Events Calendar.

Where can I find information on the financial-equity performance of the Group? 

The section Financial Statements and Reports contains an archive of all the financial documents released by the Group. Alternatively, write to the Investor Relations team atinvestorrelations@piaggio.com.

How can I receive a Group financial report?

By completing the order form in the Financial Statements and Reports section or, alternatively, by writing to investorrelations@piaggio.com.

What is the Piaggio Group’s strategy?

The Piaggio Group aims to create value by adopting a strategy which:

  • consolidates its leadership position on the European two-wheeler market and on the Indian light commercial vehicles market;
  • increases its presence on international markets, with particular reference to the Asian area;
  • increases the operating efficiency of all company processes, with a focus on industrial productivity.

For the operational plans that translate these objectives into practical terms, and a more in-depth outline of Group strategy, see the Strategy section.

How much will the Piaggio Group be investing in forthcoming years?  

Planned investments for the 2014–2017 period amount to approximately €400 million.

On which stock markets is the Piaggio Group listed? 

Piaggio has been listed on the Milan Stock Exchange since 11 July 2006 (ISIN code: IT0003073266).

Who are the main shareholders of the Piaggio Group? 

The Piaggio Group is controlled by Immsi S.p.A., an industrial holding listed on the Milan Stock Exchange. The complete shareholder structure of the Group can be found in the Shareholders section.

Where can I find the historic and current prices of Piaggio stock? 

Key information on Piaggio stock can be found in the Stock section.

What is the Piaggio Group’s policy on dividends?

In 2015, 0.05 euro per ordinary share.
Further information, together with the historic trend in dividends, can be found in the Dividends  section.

How can I contact the Investor Relations team?

See the Contacts page for the telephone numbers and e-mail addresses of our Investor Relations Office.

What is the gross financial debt of Piaggio?

The Group’s net debt totalled €/000 490,956 as of 31 December 2016.

On which stock market are Piaggio bonds listed?

The Senior Notes due 2016 are listed on the Luxembourg Stock Exchange, ISIN code: XS0471946367.

The Senior Notes due 2021 issued in 2011 are not listed on any regulated market given that it is a private placement purchased by an American institutional investor.

What are IAS/IFRS?

The "International Financial Reporting Standars" (IFRS) are a set of international reporting rules, ratified by European Commission, that Companies with securities listed on regulated markets of Member States of the European Union are required to adopt for their financial statements.

What is the Independent Auditors of Piaggio?

The independent Auditors for the year 2014 is PricewaterhouseCoopers S.p.A..

Which of the Financial Reports produced by Piaggio are subject to audit?

The Annual Report is subject to a full audit and the Half Report to a limited review.

What were the Turnover and Ebitda at 31 December 2016?

In 2016 the Piaggio Group reported consolidated net sales of 1,313.1 million euro, an increase of 1.4% from 1,295.3 million euro in 2015, Ebitda of 170.7 million euro (161.8 million euro in 2015)

 

Social Responsibility   

What is the Mission of Piaggio for a Group sustainable?

The mission of the Piaggio Group is to generate value for its shareholders, clients and employees by acting as a global player that creates superior quality products, services and solutions for urban and extraurban mobility that respond to evolving needs and lifestyles.

What is the Piaggio's Corporate Social Responsibility Model?

The Corporate Social Responsibility (CSR) model adopted by Piaggio is based on its mission and the values which have made a name for the Company over the years and which are the cornerstone of the Group's Code of Ethics, established in 2004. The mission and values form the basis for strategic objectives for sustainability, based on contexts that are important for the Group: economic sustainability, product sustainability, environmental sustainability and social sustainability. With these and the strategic objectives it has defined, the Group has prepared a mid/long-term sustainability plan. This plan is reported on in the Corporate Social Responsibility Report with the utmost transparency and with a view to continually improving economic, environmental, social and product performance.

What is the involvement of Stakeholders by Piaggio? 

By pursuing a constructive ongoing dialogue with its stakeholders, Piaggio aims to develop an integrated approach to managing the environment it operates in. Careful monitoring of all its stakeholders' expectations is a great opportunity for it to further improve its operations. It is in this context that Piaggio is focussing its efforts: understanding possible areas of improvement in order to provide products that always meet the expectations of its customers, communicating its philosophy and business model clearly and effectively at all times.

What is the approach of Piaggio on health and safety of workers?

Safeguarding and improving the health and safety of workers is integral to the Piaggio Group's operations and strategic within the framework of its more general objectives. In particular, the Group has taken concrete actions for:

  • continual developments for a safer working environment
  • safer behaviour.

What are the certifications within Piaggio?

Piaggio Group certifications are:

PRODUCTION SITECERTIFICATIONVALIDITY

Pontedera
Noale and Scorzè
Mandello del Lario

UNI EN ISO 9001:2008
UNI EN ISO 14001:2004
BS OHSAS 18001:2007
December 2010  - December 2013
Martorelles UNI EN ISO 9001:2008 December 2010  - December 2013
Baramati engines UNI EN ISO 9001:2008 August 2010  - August 2013
Vinh Phuc UNI EN ISO 9001:2008 October 2009  - October 2012
UNI EN ISO 14001:2004 January 2011  - January 2014

Piaggio is careful to water?

Piaggio has always recognised the immense value of the natural resources it uses and has developed production processes designed to reduce water consumption. Structural works performed in the past together with optimised management have enabled water consumption to be minimised, for which it is unlikely that any further, significant reductions can be achieved.

What is the policy of Piaggio to customers and dealers?

The dealer network in the Group's corporate social responsibility policy represents a key lever for building an enduring relationship based on trust with customers in all our main markets. Dealers are therefore the primary interface for customer engagement and management, alongside the Group's Customer Service.

Dealers are Piaggio's partners, accompanying Piaggio in its success and guaranteeing end customer satisfaction. The instrument used are:

  • Dealer Web Site (represented by a web-based platform for dealer training, information and engagement)
  • Dealer Support Service (for managing technical and sales issues faced by the network). 

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Last update: 11/06/2017 14:09