(Reuters) – Italy’s Piaggio, producer of the iconic Vespa scooter, on Monday posted falling sales and income just below forecast as it presented its 2023 results.
Consolidated net sales stood at 1.99 billion euros ($2.16 billion), down from 2.09 billion euros in 2022, while earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to 325 million euros.
The EBITDA figure was slightly below the 329 million-euro company provided consensus, but was also up 9% from a year earlier.
The scooter and motorbike maker proposed to pay a final dividend of 0.08 euro per share for a total of 0.205 euro per share in 2023.
Shares in the company traded 3.3% lower after the publication of the results. ($1 = 0.9213 euros)
(Reporting by Philippe Leroy Beaulieu, editing by Alvise Armellini)
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