Piaggio & C. SpA (PIAGF) Q1 2025 Earnings Call Transcript

2025-05-10 16:15:17 ET

Piaggio & C. SpA (PIAGF)

Q1 2025 Earnings Conference Call

May 9, 2025 08:00 ET

Company Participants

Raffaele Lupotto - Investor Relations

Michele Colaninno - Chief Executive Officer

Conference Call Participants

Monica Bosio - Intesa SanPaolo

Niccolò Storer - Kepler Cheuvreux

Emmanuel Gallazzi - Equita

Anna Frontani - Berenberg

Gianluca Bertuzzo - Intermonte

Presentation

Raffaele Lupotto

Thank you very much. Hello everyone and welcome to this Conference Call concerning The First Quarter of 2025 Financial Results. Today's conference will be hosted by Piaggio Group Chief Executive Officer, Mr. Michele Colaninno; and the Group CFO, Alessandra Simonotto. Today, we have also the pleasure to have with us Piaggio Group Executive Chairman, Mr. Matteo Colaninno. You can access the slides supporting this conference call on the internet at Piaggio Group website.

As usual, before starting the presentation, I need to remind you that during today's conference call, we may use forward-looking statements based on Piaggio's current expectations and projections about future events. By their nature, forward-looking statements are subject to risks, uncertainties and other factors that can cause actual results to be materially different. As mentioned also in the Safe Harbor statement included on Page 2 of today's presentation. Also, I remind you that the press has been invited to participate in this conference call in a listen-only mode.

With that said, let me turn the call over to our CEO, Mr. Michele Colaninno.

Michele Colaninno

Thank you, Mr. Lupotto and good afternoon to you all, ladies and gentlemen. Thank you for joining our conference for the first quarter of '25. Let me briefly summarize what characterized the first 90 days of the year. Given that, as you all can see, overall markets in the world has shown decline numbers for the business for the mobility of 2-wheel and 4-wheel business in Europe, U.S.A., China, Asia and India....

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