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Ducati losses grow along with sales

By Paul Crowe

DucatiDucati laid out its 3rd quarter report Friday and the news wasn’t good. Sales were up 31 percent but losses grew to $15.3 million dollars for the quarter. Chief Executive Federico Minoli blamed the poor performance on “unfavorable mix — more goods being sold at lower prices — and a delay in production of its Sport Classic bike. He said Ducati hoped to ship 3,500 pre-sold Sport Classics in the fourth quarter.”

Ducati, famed for its Monster bike, said U.S. registrations rose 21 percent in the first nine months of 2005. But registrations fell 9 percent in Japan, 15 percent in Italy, 16 percent in Britain and 18 percent in Germany.

As a result of the losses, Ducati is studying various recovery options.

source: Reuters

Posted on November 13, 2005 Filed Under: Motorcycle Business


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