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Piaggio Reports Q2 2013 Results

The Piaggio Group reported a 12.1% decrease in net sales over the opening six months of 2013, the company’s worst first half showing since 2004. Net sales totaled 671.5 million euros (US$891.9 million) over the first six months, compared to 764.1 million euros reported in the same period of 2012. Piaggio still earned a net profit of 25 million euros (US$33.2 million ) in the first half, but that’s a 26.1% drop from last year’s 33.8 million euros.

Classic Japanese Bikes Highlight Bonhams’ Next Auction

Bonhams’ annual fall auction, the Classic Motorcycle Mechanics Show, at Stafford County Showground is scheduled for October 20, 2013. Included in the auction is the above pictured 1974 Kawasaki H1-RW 500cc triple. Expected to sell for approximately $96,000 to $112,000, the Japanese works Grand Prix racer is one of only two machines built by the factory for the French Kawasaki importer SIDEMM for use in the 500cc World Championship. The bikes were ridden during the 1974 season by the French endurance racing specialist Christian Léon and French-Canadian Formula 750 star Yvon Duhamel.

Piaggio Reports First Half 2011 Results

The Piaggio Group reported slight increases in net sales and net profit over the first six months of 2011 compared to the same period in 2010. Net sales increased 1.1% to 830 million euros (US$1.19 billion) over the first six months of 2011, compared to 820 million euros (US$1.18 billion) in the first half of 2010. Piaggio reported a net profit of 33.3 million euros (US$47.9 million), a slight increase from the net profit of 33.1 million euros (US$47.6 million) reported last year.