|
The following statements were also included in the Ducati Financials
“The results for the first six months are better than the figures we had foreseen in the budget –
commented the Managing Director of Ducati Gabriele Del Torchio - and in the second half we foresee
that the positive trend of sales will continue. This year has to be considered, however, as a transitional
year for the company which has only recently started to overcome a difficult period. We need to work
even harder toward improving efficiency and productivity. Moreover, we want to have an even bigger
focus on the quality of our products, process and requirements of our clients. All these elements will
be incorporated into the new Strategic Plan, which will set the guidelines for growth for the coming
years. [THIS STRATEGIC PLAN, FOR 2008-2010, IS TO BE RELEASED THIS AUTUMN] Meanwhile, Ducati keeps on investing with success on the pillars of its strategy: Product
Community and Brand. As for the product, we are very happy with the positive acceptance of our new
models Superbike 1098 and Hypermotard, whose sales have gone beyond our best expectations. As
for the community, at the end of June 2007, more than 50.000 Ducatisti from all over the world
gathered in Misano to celebrate the World Ducati Week. Finally our brand awareness is at a record
high thanks to the outstanding results of MotoGP, which sees Ducati leading the pack with 6 victories
in 11 races”.
“The outlook for 2007 is positive yet we remain quite prudent” added Enrico D’Onofrio, Ducati CFO.,”In
a scenario characterized by the stability of the high displacement bikes market and by the instability of
the forex market, we foresee revenues growing by 30% versus 2006 with an EBITDA significantly
improving, yielding a percentage of sales between 12 and 13%. [EBITDA ws 16.5% in the first half of 2007, so the expect a decline in the 2nd half of 2007. However, in the Report Ducati states that their businessis somewhat seasonal with the first halfof the year better than the 2nd. Spring and Summer vs. Fall and Winter. Makes sense] We confirm the return of net profit and
the improvement of the financial position.”
|
Linear Mode
