Added value is an asset produced by the Piaggio Group, which is distributed, in different forms, to various stakeholders.

Added value is an asset produced by the Piaggio Group, which is distributed, in different forms, to various stakeholders. The breakdown of the net Global Added Value among the various stakeholders is as follows: remuneration to human resources (direct remuneration comprising salaries, wages and termination benefits and indirect remuneration comprising social security contributions), remuneration to lenders (interest payable and exchange losses), remuneration to shareholders (dividends distributed), remuneration to the Public Administration sector (total taxes paid), external donations and donations to the community. The value held by the Group comprises retained earnings.

How added value is determined and distributed

(figures in thousands of Euros)201820172016
Net revenues1,389,5461,342,4501,313,109
Income/(loss) from investments482825588
Financial income23,07016,90113,518
Other operating income reclassified30,40525,25831,107
Economic value generated1,443,5031,385,4341,358,322
Operating costs reclassified-997,541-958,675-955,934
Amortisation/Depreciation-105,934-115,773-108,459
Net added value340,028310,986293,929
   
Remuneration to human resources218,224215,463213,775
Remuneration to lenders48,48050,00049,508
Shareholder remuneration19,69819,69817,962
Remuneration to the Public Administration sector36,06824,60215,639
External donations and donations to the community1,181937967
Distributed added value323,651310,700297,851
   
Business system16,377286-3,922
Added value retained by the Group16,377286-3,922

Added value generated and distributed in 2018

Added value generated and distributed in 2018

The net Global Added Value generated by Piaggio in 2018 amounted to approximately 340,028 thousand euros, or 23.6% of the total economic value generated. Most of this amount refers to remuneration paid to human resources (64.2%), followed by remuneration to lenders (14.3%) and to the Public Administration sector (10.6%). Compared to the 2017 figures, the Global Added Value rose by 9.3%.

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