Ducati Motor Holding S.p.A., a leading manufacturer of high performance motorcycles, today announced record consolidated revenues for the first quarter ended March 31, 2000.
For the first quarter, total revenues increased 47.3% to Lit. 198.6 billion (US$98.0 million) from Lit. 134.8 billion (US$66.5 million) during the same period in the previous year. Revenues from Ducati motorcycles during the recent three-month period increase 37.5% to Lit. 165.2 billion over the first quarter of last year and represented 83.2% of revenues. Three month revenues of motorcycle-related products, including spare parts, technical accessories and apparel, rose 85.1% to Lit. 23.5 billion over the comparable period in the previous year with performance accessories and apparel posting a 170.1% improvement.
While official three-month world registration data, the true measure of retail sales, are not yet available, the Company’s best estimates suggest that registrations increased 34% during the first quarter compared to the same period a year ago, with particular strength in North America, France, Italy and Japan.
“This is a great start as we head into the heart of this year’s selling season. This quarter’s results illustrate the continued success of our commercial strategy,” said Carlo Di Biagio, Ducati Chief Financial Officer. “We were also lucky that the weather played in our favor during the first quarter, especially in Italy and the rest of Southern Europe.”
Ducati Motor Holding will provide a detailed breakdown of sales in conjunction with its release of first quarter 2000 earnings in mid-May.
Founded in 1926, Ducati builds racing-inspired motorcycles characterized by unique engine features, innovative design, advanced engineering and overall technical excellence. Ducati has won eight of the last ten World Superbike Championship titles and more individual victories than the competition put together. The Company produces motorcycles in four market segments which vary in their technical and design features and intended customers: Superbike, Supersport, Monster and SportTouring. The company’s motorcycles are sold in more than 40 countries worldwide, with a primary focus in the Western European and North American markets. For more information about the Company, please visit our web site at www.ducati.com