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 is Chairman and Chief Executive Officer of the Piaggio Group, while Matteo Colaninno is Deputy Chairman. Piaggio (PIA.MI) has been listed on the Italian stock exchange since 2006, and since 2003 been controlled by Immsi S.p.A. (IMS.MI), an industrial holding listed on the Italian stock exchange and headed by Roberto Colaninno, who is Chairman.
The Immsi Group’s Chief Executive Officer and Chief Operating Officer is Michele Colaninno, who is also a director of the Piaggio Group and Chairman of the subsidiary Piaggio Fast Forward. In December 2004 Piaggio entered the motorcycle business with the acquisition of the Aprilia and Moto Guzzi brands
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 sold 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 2019.
- the robotics division with Piaggio Fast Forward, the Group mobility of the future research centre 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; Noale, the home of Aprilia Racing, and Scorzè (Venice), which produce Aprilia and Scarabeo two-wheelers; Mandello del Lario (Lecco), which has built Moto Guzzi motorcycles since 1921; in India in Baramati (in the state of Maharashtra); and in Vietnam in Vinh Phuc. The Group also has four R&D centres: one in Pontedera; one in Noale, home to the Aprilia Racing Team; the Piaggio Group Advanced Design Center in Pasadena, California; and Piaggio Fast Forward (PFF), in Boston. The Pontedera site also houses the Piaggio Museum, whose renovation has increased the annual average number of visitors to more than 60,000. 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.
In the last few years, the Piaggio Group has been implementing an intensive international expansion
program, to become a world player in its field today.
In June 2009 it entered the Vietnamese market, and in March 2012 it opened a production facility in Hanoi, regarded as an international example of best-practice quality and excellence. In five years, the Hanoi factory has produced more than 600,000 vehicles.
In April 2012 the Group opened its Indian facility, in Baramati (in the state of Maharashtra), to produce 3- and 4-wheel cargo vehicles for the Indian market and export, Vespa scooters (for the local market), Aprilia scooters (the multi-award winning Aprilia SR 150 and the Aprilia SR 125 and Storm 125), as well as diesel and turbocharged diesel engines for the Group's commercial vehicles.
The Piaggio Group also operates in China, through a joint venture held 45% by Piaggio. A development plan is being rolled out in the region, announced by Chairman Roberto Colaninno during the AGM in April 2017. Finally in Asia, an important management consolidation program was completed in 2017: Gianluca Fiume (previously Group VP for the European two-wheeler market), was appointed President and General Manager of Piaggio Vietnam, with responsibility for all South East Asian markets, and Diego Graffi was appointed Managing Director and CEO of the Indian subsidiary.
Across the Atlantic, the Group operates through Piaggio Group Americas, a subsidiary headquartered in New York, and on the west coast, in Pasadena, California, through the Piaggio Group Advanced Design Center.
Also in the USA, Piaggio Fast Forward Inc. (PFF), a Piaggio subsidiary headed by Michele Colaninno, was established in Boston in 2015 to conduct research into innovative mobility and transport solutions and technologies (see final section).
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.