Ducati Sporting Club UK > General > Idle Chat > Benetton family buys stake in Ducati?????

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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?