Shareholders approve buy-back plan The shareholders of Piaggio & C. S.p.A. have approved the ordinary share buy-back and disposal plan, as proposed by the Board of Directors on 7 May 2008.
Piaggio Group approves new business plan for 2008-2010 Major focus on technological innovation and sustainable mobility. Development of operations on asian markets. Start-up vietnamese factory in 2009. Consolidated Net Sales growth to approximately € 1,950 mln in 201. 2010 EBITDA Margin 13.5%. 2010 Dabt/EBITDA ratio close to 1.
07 May 2008
Correction With reference to the Piaggio Q1 2008 press release, the last sentence of the paragraph headed 'Net debt' should read: "At 31 March 2007, net debt stood at € 344.8 million"
The Piaggio & C. S.p.A. Shareholders' Meeting held today in Milan approved the parent company and Group figures for financial year 2007 as presented by the Board of Directors and published last 7 March.
Piaggio Group: Majority of banks exercise Piaggio & C. S.P.A. 2004-2009 Warrants With reference to the Piaggio & C. S.p.A. 2004-2009 warrants issued as part of the Piaggio acquisition of Aprilia S.p.A., Piaggio said that compliantly with the warrant regulation almost all of the banks holding the warrants in question had exercised their warrants.
07 march 2008
Piaggio Group approves 2007 draft financial statements At a meeting today in Milan chaired by Roberto Colaninno, the Board of Directors of Piaggio & C. S.p.A. examined and approved the 2007 draft financial statements to be presented to the Shareholders’ Meeting convened for 28 April and 7 May on first and second call respectively.
Pontedera, 20 December 2007 – Franco Fenoglio is to join the Piaggio Group on 1 January 2008 as head of the three- and four-wheeler Division, the new unit responsible for worldwide management of Group industrial and commercial operations in the light transport business.
At a meeting today in Milan chaired by Roberto Colaninno, the Board of Directors of Piaggio & C. S.p.A. examined and approved Group figures for the first six months of 2007, drawn up in accordance with the IAS/IFRS international accounting and financial reporting standards.
25 July 2007
Colaninno: Piaggio Group revenues for the first half of 2007 At the press conference to present the Vespa S and its innovative hybrid engine, Piaggio & C. S.p.A. chairman and chief executive officer Roberto Colaninno announced Piaggio Group revenues for the first half of 2007
18 June 2007
Amended articles of the company by-laws At an extraordinary meeting chaired by Roberto Colaninno, the Piaggio & C. S.p.A. Board of Directors amended articles 8, 12, 17 and 24 of the company by-laws consistently with Italian laws, pursuant to art. 17.1 of the company by-laws and art. 2365 of the Italian Civil Code.
Approval for 2006 financial statements At their Annual General Meeting held today in Milan, the shareholders of Piaggio & C. S.p.A. approved the Parent Company and Group results for financial year 2006, as presented by the Board of Directors and published on 16 March.
7 May 2007
Piaggio Group: 1st Quarter 2007 At a meeting today in Milan chaired by Roberto Colaninno, the Board of Directors of Piaggio & C. S.p.A. examined and approved the Group’s results for the first quarter of 2007.
Piaggio Group: 1st quarter 2006* Net sales: € 374.2 mln (+ 19.8% from € 312.3 mln in 1q ’05) EBITDA: € 43 mln (+ 75.3% from 1q ‘05) Profit for the period: € 10.2 mln (loss of € 10.9 mln in 1q ‘05) Net debt down to € 397.7 mln
Board meeting in Milan today Banca Caboto, Citigroup, Deutsche Bank, Lehman Brothers and Mediobanca engaged for admission to borsa Italiana automated trading system
Board meeting today in Milan Piaggio Group: - Go-ahead for application for admission to trading - Seven-year € 250 million refinancing with Banca Intesa and Mediobanca
