Vespa maker Piaggio sees signs of recovery; Q1 weak

Newswire

MILAN, April 29 (Reuters) - Italy's Vespa scooter maker and light van maker Piaggio SpA sees signs of recovery in its markets and is making market share gains despite weaker first-quarter results, it said on Wednesday. In the first quarter, the net result swung into a loss of 4.7 million euros ($6.23 million), from a profit of 3.2 million euros in the first quarter of 2008, while sales fell 16 percent to 306 million euros, it said in a statement. "The first quarter of 2009 has sharply ...

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