Ducati Motor Holding made a net loss of Euro 3.7 million in the first quarter of 2003, compared with a Euro 5.5 million gain in the first quarter of 2002. For the first quarter of 2003, revenues were Euro 81.3 million, down 23.5% over the same period in 2002, mainly caused by a 23.2% reduction in unit sales and a negative foreign exchange impact.