UPDATE 1-Piaggio trims EBITDA margin forecasts

Newswire

(Adds details) MILAN, May 30 (Reuters) - Italian scooter maker Piaggio & C SpA , whose brands include Vespa, cut its core profit margin forecasts on Friday in an update of its 2008-2010 business plan. Piaggio said it forecast a 13.5 percent margin for EBITDA, or earnings before interest, tax, depreciation and amortisation, for 2010 and 13.2 percent for 2008 and 2009. The company had previously expected to increase its core profit margin to around 14 percent in 2009. Piaggio also ...

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