Piaggio Group: Approval for new 2007 - 2009 plan

Apr 11 2007 11:36
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Group chairman and chief executive officer Roberto Colaninno today presented the 2007-2009 business plan to the Board of Directors.

CAGR (’06-’09) ON CONSOLIDATED NET SALES CLOSE TO 7%

• 2009 EBITDA AROUND 14% OF NET SALES

• EBITDA/NET DEBT RATIO CLOSE TO 1 IN 2009

• CUMULATED CAPEX OF MORE THAN € 320 M FOR THE

THREE YEARS

The Board of Directors also approved a proposed stock option plan for Piaggio Group top management and a proposal to request authorisation for the purchase and disposal of own shares to service the Plan. The proposals will be presented for approval at the next ordinary Shareholders' Meeting.

Read the full document in the pdf attached to this page.

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