ITALY: Ducati makes 176% profit gain
Motorcycle maker Ducati Motor Holding S.p.A. has announced record financial results for 2001 with net profit, excluding extraordinary gains in 2000, up 176 percent. For 2001, revenues were Euro 407.8 million representing like-for-like growth of 9.3 percent over 2000. Total sales were up 7.5 percent from Euro 379.5 million during the previous year. This discrepancy is due to a decrease of "miscellaneous other sales" of Euro 6.5 million, reflecting the one-off buy-back of inventory by the newly established UK subsidiary from the previous importer in January 2000.
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