ITALY: Ducati Motor Holding Announces 62% Increase in First Quarter Profit
Ducati Motor Holding S.p.A. (NYSE: DMH, Borsa Italiana S.p.A: DMH), a leading manufacturer of high performance motorcycles, today announced first quarter profit rose 62 percent compared to year ago. As previously reported, the Company announced first quarter 2000 consolidated sales of Lit.198.6 billion (US$98.0 million), a 47.4% increase over the Lit. 134.8 billion (US$66.5 million) reported for first quarter 1999 with bike revenues accounting for 83.2% of total sales. Favorable exchange rates and warm weather conditions in southern Europe contributed to this increase.
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