How Piaggio’s two wheels wobble
Piaggio’s pre-tax result in 2025 was 51.6 million euros, almost halved (-47%) compared to 97.4 million euros in 2024. The group sold 445,200 vehicles (including two-wheelers and commercial vehicles) compared to 481,600 the previous year, recording consolidated revenues of 1,501.9 million euros against 1,701.3 million euros in 2024.
