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.
How many employees does Piaggio have?
Piaggio has over 7000 employees.
How long Piaggio is a listed company?
The Group has been listed on the Milan Stock Exchange since 11 July 2006
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
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 in office comprised 11 members appointed by Ordinary Shareholders' Meeting of 16 April 2009, based on the candidate list submitted by the majority shareholder, Immsi S.p.A..
The Board of Directors will remain in office until the date of the Shareholders' Meeting called for approval of the financial statements for the financial year ended 31 December 2011.
Roberto Colaninno is Chairman and Chief Executive Officer of the Company, Matteo Colaninno is Deputy Chairman.
The number and authority of non-executive and independent directors are such that they ensure that their opinion has a significant weight in Piaggio's Board of Directors decisions.
Which is the term of office of the Board of Statutory Auditors?
The Board of Statutory Auditors in office was unanimously appointed by the Ordinary Shareholders' Meeting on 16 April 2009, based on the candidate list submitted by the majority shareholder, Immsi S.p.A..
It will remain in office until approval of the Financial Statements for the year ended 31 December 2011.
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 at investorrelations@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 toinvestorrelations@piaggio.com.
What is the Piaggio Group’s strategy?
The main strategic objectives of the Piaggio Group for the 2011–2013 period are:
- To consolidate our leadership of the European Two-Wheeler market and of the Indian light Commercial Vehicles market
- To increase our presence on international markets, with particular reference to the Asian area;
- To boost 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 2011–2013 period amount to approximately €300 million, of which around €180 million is earmarked for research and development, and €100 million for our production plants.
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 2010, the Piaggio Group paid a dividend of €0.07 per share. Over the three year period of 2011–2013, the Group plans to pay out a total of €85 million in dividends. Further information, together with the historic trend in dividends, can be found in the Dividendssection.
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?
At 30 September 2011, the gross financial debt of the Piaggio Group totalled €482,477 million. The figure consists mainly of loans due to banks and debenture loans.
How much of Piaggio’s debt is subject to floating interest rates?
At 30 September 2011, 22% of net debt was subject to floating rates.
How much of gross debt is held in EUR?
At 30 September 2011, 93% of gross debt was held in euros.
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 2011 is Deloitte & Touche 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 Gross Operating Margin at 31 December 2010?
The Piaggio Group has generated Net Revenues for 1,485.4 millions of euros while the Gross Operating Margin was equal to 197.1 millions of euros.
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 SITE | CERTIFICATION | VALIDITY |
|---|---|---|
|
Pontedera |
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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