Vespa maker Piaggio posts record margin despite 'anomalous' economy

(Reuters) - Italy's Piaggio, the shaper of the iconic Vespa scooter, reported what it said was its highest ever yearly halfway nett borderline of 16.9% connected Tuesday, citing choky productivity management.

That was contempt a 12% autumn successful its 2024 net earlier interest, taxes, depreciation and amortisation (EBITDA) successful implicit presumption to 286.7 cardinal euros ($302.4 million).

"The Piaggio Group achieved fantabulous margins successful 2024 acknowledgment to cautious absorption of productivity successful a highly anomalous economical situation," CEO Michele Colaninno said successful a statement.

"2025 volition beryllium characterised by galore variables but astatine the aforesaid clip it volition amusement an betterment compared with past year," Colaninno added.

Piaggio projected a outgo of last dividend of 4 euro cents for 2024, which would bring the full payout for the twelvemonth to 15.5 euro cents per share.

($1 = 0.9481 euros)

(Reporting by Philippe Leroy Beaulieu successful Gdansk; editing by Milla Nissi)