PRESS RELEASE PIAGGIO GROUP: 2019 DRAFT FINANCIAL STATEMENTS1 In 2019, the Piaggio Group reported a significant improvement in performance from the previous year, with progress on all the main earnings indicators, an increase in net profit, higher capital expenditure and a reduction in debt. Consolidated net sales 1,521.3 million euro, up 9.5% (1,389.5 EUR/mln in 2018) Industrial gross margin 458.8 million euro, up 8.3% (423.6 EUR/mln in 2018), 30.2% return on net sales Ebitda 227.8 million euro, up 12.9% (220.2 EUR/mln ex IFRS 16) (201.8 EUR/mln in 2018). Ebitda margin 15% (14.5% in 2018) The highest Ebitda margin result since 2006 (IPO date) Ebit 104.5 million euro, up 12.7% (103.9EUR/mln ex IFRS...
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