Ducati Motor Holding: Disclosure to the Market of the Main Details of the Three-Year Plan
21 Abril 2006 - 12:42PM
PR Newswire (US)
BOLOGNA, Italy, April 21 /PRNewswire-FirstCall/ -- Ducati Motor
Holding S.p.A.
(NYSE:DMHNYSE:andNYSE:BorsaNYSE:ItalianaNYSE:S.p.A:NYSE:DMH), a
leading manufacturer of high performance motorcycles, with regard
to the last press release issued on April 13th, inform that today
at 11.00 a.m. at the Company's premises in Bologna via Cavalieri
Ducati 3, the main details of the Company's three-year re-launch
plan, approved by the Board of Directors on April 13th, will be
disclosed to the market. Here follow the data that will be
disclosed and discussed during today presentation: - sell-out
(registrations) during 2006-2008 will be stable and around 2005
levels; - sell-in (shipments) will be in line with registrations in
2008 whilst they will lag behind registrations in 2006 and 2007 to
favour the reduction of stock at dealer level; - strong focus on
high margin motorbikes will turn into a more favourable revenue mix
in the future; - a modest sales growth path is expected in the
period, especially after 2007, mainly driven by an expected higher
average selling price given a more favourable product mix; - a
better revenue mix and the implementation of efficiency measures -
expected savings on both structural costs and on the components
purchasing process - will progressively enhance EBITDA levels; -
net result will still be negative in 2006, will virtually
break-even in 2007 and will be positive in 2008; - Net Financial
Position will improve thanks to capital increase and EBITDA
generation, partly offset by CAPEX and other negative cash items
(restructuring costs, working capital, tax, interest). The
presentation accompanying this press release can be viewed on our
website at the following link:
http://www.ducati.com/company/investor/investor_relation.jhtml
Please note that the diagrams and charts contained in the slides
attached herewith are intend exclusively to indicate the expected
trend and should not be considered as an accurate information in
quantitative terms. Founded in 1926, Ducati develops
racing-inspired motorcycles characterized by unique engine
features, innovative design, advanced engineering and overall
technical excellence. The Company produces motorcycles in six
market segments which vary in their technical and design features
and intended customers: Superbike, Supersport; Monster, Sport
Touring, Multistrada and Sport Classic. The Company's motorcycles
are sold in more than 60 countries worldwide, with a primary focus
in the Western European and North American markets. Ducati has won
thirteen of the last fifteen World Superbike Championship titles
and more individual victories than the competition put together.
For more information about the Company, please visit our 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 documents previously filed
by the Company with CONSOB and with the U.S. Securities and
Exchange Commission. These materials are not an offer of securities
for sale in the United States. The securities may not be offered or
sold in the United States absent registration with the United
States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended. Any
public offering of the company's securities to be made in the
United States will be made by means of a prospectus that may be
obtained from the company and that will contain detailed
information about the company and its management, including
financial statements. DATASOURCE: Ducati Motor Holding S.p.A.
CONTACT: For further information, please contact: Federico Strano,
Director, Investor Relations, Ducati Motor Holding S.p.A., Via
Cavalieri Ducati, 3, Bologna 40132, Italy, e-mail: , Main Tel:
+39-051-6413-111, Direct Tel: +39-051-6413-213
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