Established in 1884, the Piaggio Group is Europe’s largest scooter and motorcycle manufacturer and one of the world leaders in its sector.
Roberto Colaninno holds the position of Chairman and Chief Executive Officer since 2003 and since 2006 Piaggio Group (PIA.MI) has been listed on the Italian stock exchange.
Today the Piaggio Group has three separate business arms:
- Two-wheelers, scooters and motorcycles ranging from 50cc to 1,400cc, with 376,000 vehicles shipped in 2017. The Group brands include: Piaggio (with the Liberty, Beverly, Medley, MP3 scooter models), Vespa, Aprilia (which competes in the MotoGP championship with the Aprilia Racing team), Moto Guzzi, Gilera and Derbi.
- Light commercial vehicles, with the Ape and the Porter in primis. In 2017 the Group manufactured 176,800 light commercial vehicles and in September 2017 it signed an important strategic partnership with the Foton Motor Group, China's largest commercial vehicle manufacturer with revenues of about 46.5 billion CNY and approximately 40,000 employees around the world, for the production (in Italy) of new light commercial vehicles. Marketing is scheduled to begin in 2020.
- The robotics division with Piaggio Fast Forward, the Group’s research centre for the mobility of the future headquartered in Boston.
Piaggio in the world
The Piaggio Group has six industrial sites: in Italy, in Pontedera (Pisa), where its largest production plant is located which produces Piaggio, Vespa and Gilera two-wheelers, light commercial vehicles for the European market and engines for scooters and motorcycles; in Noale, the home of Aprilia Racing, and in Scorzè (Venice) where Aprilia and Scarabeo two-wheelers are produced; in Mandello del Lario (Lecco) Moto Guzzi motorcycles have been produced since 1921; in India in Baramati (in the state of Maharashtra); and in Vietnam in Vinh Phuc. The Pontedera site also houses the Piaggio Museum, whose renovation and extension in April 2018 has doubled the exhibition area making it one of the largest automotive museums in Europe with over 250 vehicles displayed. In Mandello, the Moto Guzzi Museum displays the main vehicles produced by Moto Guzzi since its first model, which enthusiasts regard as two-wheeler milestones.
To celebrate its 130th anniversary, the Piaggio Group has published (for Rizzoli) “FuturPiaggio, - 6 lezioni italiane sulla mobilità e sulla vita” by Jeffrey Schnapp, who, through a futuristic research-oriented lens, looks back at the Group's history and outlines the philosophy and future of the company and its brands.
Activities in sport
The Group has achieved outstanding results in sport: 104 world championship titles with Aprilia, Moto Guzzi, Gilera and Derbi.
A relative youngster in sport, Aprilia has become one of the most successful names in motorcycle racing history, with no fewer than 54 world championship titles (28 since its acquisition by the Piaggio Group). Its most recent victories were in 2015, in the Superstock 1000 FIM Cup, when it secured the Riders and Manufacturers titles. In 2015, Aprilia Racing made a return to the top world motorcycle racing class, MotoGP.
From the Innovation perspective, the German Quality and Finance Institute named Aprilia as the top Italian innovative company in the motorcycle and scooter sector.
Financial results in 2017
In 2017 the Piaggio Group reported consolidated net sales of 1,342.4 million euro, up by 2.2% from 1,313.1 million euro in 2016, Ebitda of 192.3 million euro (+12.6% from 170.7 million euro in 2016) and net profit of 20 million euro, up by 42.3% from 14 million euro in 2016. The industrial gross margin was 411 million euro (+5.7%), with a return on net sales of 30.6%, the best result since 2010.
In 2017, the Piaggio Group sold 552,800 vehicles worldwide, an increase of 3.9% from 532,700 in 2016.