Ducati Motor Holding S.p.A., a manufacturer of high performance motorcycles, has announced record consolidated revenues for the second quarter and first half, ended June 30, 2002.

For the second quarter, revenues were Euro 130.1 million, an increase of 7.6% from Euro 120.9 million during the same period in the previous year. Revenues from Ducati motorcycles for the period increased 3.3% to Euro 107.1 million and represented 82.3% of revenues. Motorcycle-related products, including spare parts, technical accessories and apparel reached Euro 22.3 million, a rise of 30.0% versus the comparable period in the previous year.

For the first half of 2002, revenues were Euro 236.4 million, up 6.7% from Euro 221.5 million during the same period in the previous year. Revenues from Ducati motorcycles for the period increased 3.8% to Euro 196.4 million and represented 83.1% of revenues. Motorcycle-related products reached Euro 39.1, up 22.9% over the same period last year.

"I am pleased to announce these record results for the first half of 2002," said Carlo Di Biagio, CEO of Ducati. "As first announced in early spring, we are going ahead with our strategy of reducing inventories world wide, in preparation for the launch of a strong model year for 2003. In the US, we continue to re-structure our operations, and are especially focussed on de-stocking our dealers and building up high-quality distribution channels."

While official world registrations data for the period are not yet available, the company's estimates suggest that registrations for the six-month period have grown approximately 7%, with particular strength in Japan (+20%), Italy (+9%), UK (+5%), and all countries not covered by a subsidiary (+19%). In the US, registrations were flat.

During the second quarter of 2002, new Ducati Stores exclusively selling Ducati motorcycles and accessories were opened, including one in Glasgow and Fukuoka (Japan), bringing the total to 102 stores worldwide at half-end.