Quote:
Originally posted by neilkeogh
It should be ok, didn't benetton help write The young Ones?
to name but one? |
Yeah, wasn't he anti capitalist, till he became rich?
So basically, as of first quarter 2005:-
Gross margin was 32.2% of revenues including forex effects (or 34.2% excluding forex effects)
versus 35.9% during the same period a year ago.
EBITDA was Euro 8.5 million, down 31.4% including forex
effects (or 14.9% excluding forex effects) and accounted for 10.0% of revenues, versus 12.3% in the same
period last year.
Pre-tax profit for the Ducati Group was a loss of Euro 1.0 million in the first quarter of 2005, compared with a profit of Euro 0.8 million in the first quarter of 2004.
Unofficial Ducati worldwide registrations, an indication of retail sales, were down 16% versus last year’s first quarter. Registrations were up 8% in the US and 1% in the non-subsidiary countries, while decreases were recorded in France down 5%, Italy down 23%, Germany down 23%, Japan down 31%, Benelux down 36% and the UK down 36%.
The Company’s net debt as of March 31, 2005 was Euro 122.3 million, in line with the Euro 121.2million on the same date a year earlier, and up versus Euro 116.2 million as of December 31, 2004. The company’s gearing ratio was 82% as of March 31, 2005, versus 76% on the same date a year earlier and 78% on December 31, 2004.
Does all that make sense?