Ducati Motor Holding Announces Record 31% Increase in
29.07.1999, 11:20
1999 Second Quarter Sales
BOLOGNA, Italy (PROTEXT) - Ducati Motor Holding S.p.A. (NYSE:
DMH; Borsa Italiana S.p.A: DMH), a leading manufacturer of high
performance motorcycles, today announced record consolidated
sales for the second quarter and six months ended June 30, 1999.
Total sales for the 1999 second quarter increased 30.8% to
Lit. 196.1 billion (US$104.6 million) from Lit. 149.9 billion
(US$79.9 million) for the second quarter of last year. This gain
was driven by strong motorcycle, spare parts and accessories
sales in Ducati's principal markets.
Second quarter sales of Ducati motorcycles were Lit. 168.2
billion, an increase of 31.0% over the second quarter last year,
and represented 85.8% of sales. Shipments of Ducati motorcycles
in the second quarter totaled 11,963 units, an increase of 26.6%
over the comparable quarter last year, and were led by Monster
(+83%) and 996 Superbike (+46%) sales.
During the second quarter, sales of motorcycle-related
products, including spare parts, technical accessories and the
recently-launched apparel line, rose 47.9% to Lit. 25.4 billion,
compared to the year-ago period. Performance accessories and
apparel alone more than doubled to Lit. 9.9 billion versus Lit.
4.2 billion last year.
Although official world registration data are not yet
available, selected information and the Company's best estimates
for the second quarter suggest that Ducati's motorcycle
registrations rose 20% compared to the same quarter a year ago.
Federico Minoli, Chairman and Chief Executive Officer, stated,
"We are extremely pleased with the strength of our second quarter
top-line growth, which exceeded our expectations during our
highest-volume selling season of the year. We are particularly
delighted with the performance of our apparel and accessories
product lines, the success of which demonstrates strong customer
acceptance of these branded products' design and technical
functionality. This robust performance reinforces our confidence
that we will achieve our stated growth objectives both in terms
of motorcycles and related products."
For the first six months of 1999, total sales increased 23.0%
to Lit. 330.9 billion from Lit. 268.9 billion in the first six
months of last year. First-half sales of motorcycles increased
23.1% to Lit. 288.3 billion over first half last year, and
represented 87.1% of sales. First-half shipments totaled 20,073
units, an increase of 20.2% over last year's comparable period,
led by Monster (+41%) and 996 Superbike (+14%). First-half sales
of motorcycle-related products rose 38.9% to Lit. 38.1 billion
over last year.
While official six-month world registration data are not yet
available, the Company's best estimates suggest that
registrations increased 17% during the first half compared to the
same period a year ago, with particular strength in North
America, Italy, Japan and Germany.
During the second quarter, nine additional new DucatiStores
exclusively selling Ducati motorcycles and accessories were
opened, bringing the total to 41 stores worldwide at quarter-end.
During the 1999 third quarter, planned store openings include
Como and a second Milan store in Italy, Bruge in Belgium, and
Braunschweig and Oberhausen in Germany.
Founded in 1926, Ducati builds racing-inspired motorcycles
characterized by unique engine features, innovative design,
advanced engineering and overall technical excellence. Ducati has
won seven of the last nine 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 its web site at http://www.Ducati.com.
This press release contains statements that are forward-
looking and are subject to a number of risks and uncertainties
that could cause actual results to differ materially from those
anticipated, as described in the Company's prospectus dated March
23, 1999.
Ducati Motor Holding S.p.A. and Subsidiaries
Net Sales and Shipment Data
Three Months Ended
Three Months
Ended
June 30,
June 30,
June 30, June
30,
1999
1998
1999
1998
Net Sales (Lire in millions,
US$ in thousands)
Motorcycles
Lit. 168,183 Lit. 128,410 US$ 89,708 US$
68,493
Spare Parts,
Accessories, Apparel
25,432
17,200
13,565
9,175
Miscellaneous Other 2,474
4,273
1,320
2,279
Total net sales
Lit. 196,089 Lit. 149,883 US$ 104,593 US$
79,947
% Change
+30.8%
Ducati Units
Motorcycle shipments:
%
Change
North America
1,462
1,288
+13.5%
Europe
9,832
7,593
+29.5%
Japan
380
138
+175.4%
Rest of World
289
427
-
32.3%
Total
11,963
9,446
+26.6%
Motorcycle product mix:
Sport Segment
(Superbike & Supersport)
4,419
5,035
-
12.2%
Monster
6,611
3,623
+82.5%
SportTouring
933
788
+18.4%
Total
11,963
9,446
+26.6%
Note: On June 30, 1999, US$ = 1,874.78 Italian lire.
On January 1, 1999, the conversion rate was fixed such
that
Euro = 1,936.27 Italian lire.
Ducati Motor Holding S.p.A. and Subsidiaries
Net Sales and Shipment Data
Six Months Ended
Six Months
Ended
June 30,
June 30,
June 30, June
30,
1999
1998
1999
1998
Net Sales (Lire in millions,
US$ in thousands)
Motorcycles Lit. 288,344 Lit. 234,211 US$ 153,802 US$
124,927
Spare Parts,
Accessories, Apparel
38,114
27,449
20,330
14,641
Miscellaneous Other 4,460
7,278
2,379
3,882
Total net sales
Lit. 330,918 Lit. 268,938 US$ 176,511 US$
143,450
% Change
23.0%
Ducati Units
Motorcycle shipments:
%
Change
North America
3,003
2,476
+21.3%
Europe
15,963
13,044
+22.4%
Japan
648
210
+208.6%
Rest of World
459
974
-
52.9%
Total
20,073
16,704
+20.2%
Motorcycle product mix:
Sport Segment
(Superbike & Supersport)
7,899
7,950
-
0.6%
Monster
10,334
7,315
+41.3%
SportTouring
1,840
1,439
+27.9%
Total
20,073
16,704
+20.2%
Note: On June 30, 1999, US$ = 1,874.78 Italian lire.
On January 1, 1999, the conversion rate was fixed such
that
Euro = 1,936.27 Italian lire. ots Original Text
Service: Ducati Motor Holding S.p.A. Internet:
http://www.newsaktuell.de Contact: Investors - Lynn Morgen,
Carolyn Capaccio, or Teresa Kollappallil, all of Morgen-Walke
Associates, 212-850-5600, or Caroline Bruel or Catherine
Juillard, 33-1-47-03-6810; Media - Michael McMullan or Stacy
Roth, both of Morgen-Walke Associates, 212-850-5600; or Madeleine
Resener, 33-1-47-03-6810, or Jason M. Jacobs of Ducati Motor
Holding S.p.A., 39-051-6413-222 Web site: http://www.Ducati.com
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