Piaggio Group reports sales down-turn despite Italian e-bike boom

PONTEDERA, Italy - Italian two-wheeler and commercial vehicle supplier, the Piaggio Group has reported consolidated net sales of around €1.31 billion in fiscal 2020, down 13.6% year-on-year. The "disappointing" sales are attributed to corona-related closures and not profiting from the following peak. Having taken a side-step from scooters to e-bikes in 2015, what does these mean for the future of the Wi-Bike?

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