Piaggio Reports Strong Nine-Month 2026 Financial Results Driven by Commercial Vehicles and India Market

Piaggio reported nine-month 2026 turnover of €1,236.4 million, up 2.7% year over year and above analyst estimates. EBITDA increased 3.9% to €208.8 million, with a 16.9% margin, while net income rose 17.7% to €37.3 million. Net financial debt fell by €107.9 million from the end of 2025 to €469.7 million. Growth was led by commercial vehicles, whose sales volumes rose 38.2%, particularly in India; total vehicle sales increased 12.2% to 388,800.