The Piaggio Group is the largest European manufacturer of two-wheel motor vehicles and one of the world leaders in its sector. The Group is also a major international player on the commercial vehicle market.
Roberto Colaninno is Chairman and Chief Executive Officer of the Piaggio Group, Matteo Colaninno is Deputy Chairman. Piaggio (PIA.MI) has been listed on the Italian stock exchange since 2006. Established in 1884 by Rinaldo Piaggio, since 2003 the Piaggio Group has been controlled by Immsi S.p.A. (IMS.MI), an industrial holding listed on the Italian stock exchange and headed by Roberto Colaninno, who is Chairman. Immsi’s Chief Executive Officer and Chief Operating Officer is Michele Colaninno.
The product ranges: motorcycles and scooters from 50 to 1400 cc, commercial vehicles
The Piaggio Group product range includes scooters, motorcycles and mopeds from 50 to 1,400 cc marketed under the Piaggio, Vespa, Aprilia, Moto Guzzi, Gilera, Derbi and Scarabeo brands. The Group also operates in the light transport sector with its Ape, Porter and Quargo (Ape Truck) ranges of three- and four-wheel commercial vehicles. The Piaggio Group brand portfolio contains some of the most distinguished and historic names in the motorcycling world: these include Gilera (founded in 1909), Moto Guzzi (founded in 1921), Derbi (1922) and Aprilia, which in just over twenty years has established itself as one of the most successful manufacturers in the world Speed and Superbike championships. In scooters, the extraordinary Vespa brand has been a synonym for two-wheel individual mobility since 1946 when it made its debut; with more than 18 million vehicles produced since then, the Vespa is an incredibly long-lived market success as well as one of the best known icons of Italian style and technology in the world.
Piaggio in the world: Europe, Asia, America
The Piaggio Group is headquartered in Pontedera (Pisa, Italy) and has production plants around the world: Pontedera, where the Group technical HQ is located, which produces Piaggio, Vespa and Gilera branded two-wheelers, light transport vehicles for the European market and engines for scooters and motorcycles; Noale (Venice), a technical centre for the development of motorcycles for the entire Group and the home of Aprilia Racing; Scorzè (Venice), which produces Aprilia and Scarabeo branded two-wheelers; Mandello del Lario (Lecco, Italy), which produces Moto Guzzi vehicles and engines; Baramati (India, in the state of Maharashtra), which produces three- and four-wheel light transport vehicles for the Indian market and for export, the Aprilia SR 150 (named best scooter in 2016), the Vespa scooter for the local market, diesel and turbodiesel engines for the Group’s commercial vehicles; Vinh Phuc (Vietnam) which produces Vespa and Piaggio scooters for the local market and the Asia-Pacific area.
The Piaggio Group also operates in China through a joint venture (Zongshen Piaggio Foshan Motorcycles, based in Foshan in the province of Guangdong) in which it holds a 45% stake and which is therefore not included in the Group’s consolidated results. In the USA, Pasadena, California, is home to the Piaggio Group Advanced Design Center for R&D. Also in the USA, Piaggio Fast Forward Inc. (PFF), a Piaggio subsidiary established in 2015 to develop innovative mobility and transport solutions and technologies, is based in Boston. The members of the PFF Advisory Board are Roberto Colaninno, Nicholas Negroponte, Doug Brent, Jeff Linnell and John Hoke; the members of the Board of Directors include Michele Colaninno (Chairman), Jeffrey Schnapp (CEO) and Greg Lynn (Chief Creative Officer).
Financial results in 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) and net profit of 14 million euro (11.9 million euro), up 18.3%. The industrial gross margin was 389.2 million euro (3.9%).
Motor racing: 104 world titles with Aprilia, Moto Guzzi, Gilera and Derbi
The Piaggio Group has a formidable record in motor racing, with extraordinary names such as Aprilia, Moto Guzzi, Gilera and Derbi that have gone down in sport history. Together, these Piaggio Group brands have won an impressive total of 104 world championship titles: Aprilia: 54 titles; Derbi: 21 titles; Moto Guzzi: 15 titles; Gilera: 14 titles.