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Vespa maker Piaggio posts record margin despite 'anomalous' economy

Reuters
Summary
Nutrition label

78% Informative

Italy 's Piaggio reported what it said was its highest ever annual core profit margin of 16.9% on Tuesday .

That was despite a 12% fall in its 2024 earnings before interest, taxes, depreciation and amortisation (EBITDA) in absolute terms to 286.7 million euros ( $302.4 million ) CEO Michele Colaninno : " 2025 will be characterised by many variables".

VR Score

90

Informative language

99

Neutral language

7

Article tone

formal

Language

English

Language complexity

58

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not offensive

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not hateful

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Known propaganda techniques

not detected

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short-lived

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