The fsharp drop in Piaggio sales in Europe and Italy makes analysts tremble and pushes down the stock of the Pontedera company, which loses 5,39% on the Stock Exchange, at 2,072 euros per share. Several investment banks, this morning, reviewed their opinion on the stock: Equita has estimated a drop in earnings per share of 6% over the course of 2012, while for the Intermonte broker Piaggio's net result will drop by 11% during the year, with revenues down by 4,4%.
The only good news for the Italian motorcycle manufacturer is the new one momentum gained by sales in India, which represent 26% of total Piaggio sales. However, this growth is not sufficient, at the moment, to counterbalance the collapse in Europe.
