Ducati announces financial results for the first half of 2022

Ducati announces financial results for the first half of 2022

  • Record revenue for the first half of 2022: 542 million euros, the highest figure ever recorded for Ducati in the first six months of the year
  • 68 million operating Profit, an increase over the first half of 2021
  • 33,265 motorbikes delivered, the Multistrada V4 confirms its position as the most popular motorcycle among enthusiasts
  • Demand remains high, with an order portfolio up 86% over the same period last year.

Ducati concludes the first six months of the year with excellent results, despite the challenges imposed by the ongoing supply and logistics crisis. In the semester from January to June 2022, the company’s revenue grew by 5.4%, going from 514 to 542 million euros. It is the highest figure ever recorded by the motorcycle manufacturer in the year’s first six months.

Dati-finanziari-03-editorial-img-wide-1330x768

Operating Profit also improved and marked a + 14.8% increase, growing from 59 to 68 million euros compared with the same period in 2021.

The Bologna-based motorbike manufacturer delivered 33,265 motorcycles to enthusiast customers, containing a loss in deliveries of – 3.6% compared to the same period in 2021 (34.515).

Thanks to great flexibility, and constant dialogue with partners and the trade union, despite the difficulties related to the supply crisis.

CEO Quotes

Claudio Domenicali, Ducati CEO“2021 was a record year for Ducati with the best result in deliveries, revenues and operating Profit. 2022 is proving to be a more challenging year: despite solid demand from enthusiasts.

As evidenced by the order portfolio, which at the end of the first half is up + 86% over the same period of 2021, the strong discontinuity in the world of logistics and supply remains. 

However, we obtained satisfactory results considering the context in which we operate, especially in revenue, which is the best recorded in the first six months of the year. I want to thank all the enthusiasts who chose us, and I apologize to all those who had to or will have to wait longer than necessary to receive their bike.”

CFO

Henning Jens, Ducati CFO“The financial performance of Ducati in the first half of 2022 again shows a solid improvement of the company compared to the previous year. 

Considering the unpredictable challenges in the supply chain, including significant raw material cost increases and parts shortages, this result proves the high resilience of our financial set-up and the flexibility of our operations. With 542 million Euros revenue, we achieved a new record, driven by very high customer demand. 

Also, based on fixed cost discipline and improved margins, we could increase Operating Profit from 59 to 68 million Euros by 14.8% versus 2021. Backed by an excellent liquidity position, we will continue investing in a qualitative growth of Ducati with new attractive premium products.”

The Chinese market is growing

Italy is confirmed as the first market for Ducati with 6,028 motorcycles delivered, followed by North America with 5,239 units, Germany with 3,745 motorcycles and France with 2,647. The numbers are significant in China, which reaches + 12% with 2,411 motorcycles delivered.

The Multistrada V4 remains the best-selling bike

Since its launch in 2020, the Multistrada V4 has enjoyed growing success among enthusiasts. Over time it has been able to live up to the expectations created, establishing itself as an ideal bike for any trip and taking place among the most popular models in the Ducati range.

Also, for the first half of 2022, the Multistrada V4 is the most delivered bike, with 6,139 units. Next is the Monster, with 4,776 motorcycles delivered, and the Scrambler Ducati 800 family with 3,999 motorcycles.

Future investments and network expansion

Thanks to its solid financial position, Ducati continues its ambitious development path, leading the company to improve and grow further.

It also uses entry into new market segments, always respecting its values of Style, Sophistication, and Performance. All investments for technological development and product and process innovation are self-financed.

The continuous improvement and expansion of the global sales network to serve the community of Ducatisti around the world are also an essential part of the company’s growth path. Through digitizing processes and omnichannel within its dealers.

Ducati wants to guarantee its enthusiasts an unforgettable experience that reflects the company’s values. The Ducati network has 797 dealerships in over 90 countries, 21 of which opened in the first six months of 2022.

via Press Release Ducati

0 0 votes
Article Rating

Related post

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
SUBSCRIBE TO OUR MONTHLY NEWSLETTER
And keep yourself up-to-date about biker's news.
SUBSCRIBE NOW!
Receive monthly Biker's News right in your inbox.