Kiwi Rider April Vol.1 2023 | Page 19

ROAD NEWS
year , “ The ride would simply not be the same without you . A shout out also , to George from AAG Motorcycles ( new CF Moto range now in stock ), the Rangiriri Hotel for hosting us , Marcel from Metzeler AU / NZ , and lastly all the Forbes & Davies crew for another stellar effort ”. The Metzeler Elephant Run provides riders with an opportunity to enjoy a scenic ride through some of the most beautiful landscapes in New Zealand , with different routes used each year . The event is designed to promote safe and responsible motorcycle riding and to encourage riders to have fun while enjoying the company of other riders . It offers a great opportunity for riders to meet new people , check out the latest motorcycle gear and accessories , and win some fantastic prizes . A must-attend event for any motorcycle enthusiast , Forbes & Davies and Metzeler say they can ’ t wait to bring you the 2024 edition .

Over recent years , Ducati has been on a roll in terms of profitability . Now for the first time the brand has seen its revenue surpass the 1 billion euro mark . “ For the first time in our history , we passed the 60,000-bikes mark and we overtook 1 billion euros in revenue ,” announced Ducati CEO , Claudio Domenicali . “ This establishes 2022 as the best year ever for Ducati in several aspects , starting from the great sales and financial performance to the successes in MotoGP and WorldSBK . For the 2022 financial year , Ducati ’ s revenue has been reported as 1089 million euros , marking an increase of 24 percent over 2021 ( 878 million euros ). Ducati attributes that growth to an attractive product portfolio that resulted in higher volumes in sales . The brand has long since diversified away from its Superbike focused roots into the adventure , touring and learner markets . Ducati ’ s operating profit was also record

DUCATI PASSES BIG BUCK MILESTONE

breaking at 109 million euros , corresponding to a massive growth of 77 percent compared to 2021 ( 61 million euros ). As a result , the profitability level also increased reaching a double-digit margin of 10 percent which will certainly please Ducati ’ s German overlords . “ We are on a positive trend that in the last years has seen Ducati grow and establish itself as an increasingly solid company ”, Domenicali continued . “ As a brand that is an expression of Made in Italy , innovation , design and technology , we keep our focus on delivering exciting experiences on and off motorcycles to passionate Ducatisti all over the world .” Another factor in Ducati ’ s record year was its continued growth of customer facing dealers . At the end of 2022 , there are 821 Ducati dealerships , the highest number ever , which , with the addition of the new markets in Brunei , Ecuador , El Salvador and Mongolia , sees Ducati represented in as many as 96 markets .
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