Piaggio & C. SpA (OTCPK:PIAGF)

Q3 2025 Piaggio & C SpA Earnings Call Transcript

Nov 7, 2025 / 10:59 AM GMT

Release Date Price: $2.25

Transcript

Key Points

Positve

Piaggio & C. SpA (PIAGF) achieved a record gross margin of 30.4%, the highest ever for the company.
The company generated EUR 6 million in cash in the first nine months of 2025, compared to a cash absorption of EUR 27 million in the same period last year.
Piaggio & C. SpA (PIAGF) continues to invest heavily in its factories and products, with over $100 million invested this year.
The company is expanding its presence in the Philippines, which is seen as a promising market similar to Jakarta.
Piaggio & C. SpA (PIAGF) is developing its robotics division in Boston, focusing on autonomous vehicles and delivery robots, indicating a commitment to future technology.

Negative

The company faced declining markets in the US, Europe, and Asia, impacting overall performance.
Piaggio & C. SpA (PIAGF) lost $153 million in revenues compared to the previous year.
The company is not engaging in a price war, which has resulted in some loss of market share, particularly in Europe.
The electric vehicle market in India is still unprofitable, affecting the company's performance in that region.
Piaggio & C. SpA (PIAGF) is cautious about entering the South American market, particularly Brazil, due to geopolitical risks and exchange rate concerns.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PIA.MI - Piaggio & C SpA
Q3 2025 Piaggio & C SpA Earnings Call
Nov 07, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the Cosco conference operator. Welcome and thank you for joining the PAO 9th month 2025 financial results conference call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask a question.

Should anyone need assistance during the conference call, they may signal an operator by pressing and 0 on their telephone.

At this time I would like to turn the conference over to Mr. Raffaellopoto, Investor relations of Piaggio.

Please go ahead, sir.

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Unidentified_2 [2]
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