Piaggio & C. SpA: Italian Icon Ready For Electrification

2025-05-12 07:15:00 ET

Summary

• Piaggio is a compelling investment due to its iconic brands, strong cash position, and growing electric vehicle segment.
• Despite declining sales in established markets, India shows significant growth potential, especially in light commercial vehicles, with an 88% sales surge.
• The Company maintains strong margins and profitability, supported by premium pricing and new product launches.
• With a stable balance sheet and a history of prudent financial management, PIAGF has the potential for significant share price appreciation.

Thesis

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