news ROOM
NEWS
BRIEFS
Yamaha Q1
revenue -6.8%
Ferodo race
compounds
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Discredited former Norton Motorcycles
CEO Stuart Garner has been ordered to
repay some GBP £14m (€15.5m) of
pension fund money he is alleged to
have embezzled from the business.
Norton went into liquidation in January
and has been bought for an
undisclosed sum by Indian
conglomerate TVS. However, Garner
insists that the insolvency administrator
has access to Norton assets, including
cash, property and land, worth
considerably more than that. It is a
mess - with dealers and customers also
said to have lost hundreds of
thousands (if not millions) of euro.
Polaris had a much better Q2 and
2020 first half year than it had
expected with overall sales
revenue down by 'just' -15% at
$1.512m with, counter-intuitively,
North American retail sales +57%.
Motorcycle sales (Indian and
Slingshot) were down by -28%,
but North American consumer
retail sales of Indian motorcycles
increased mid-teens percent in a
weak domestic U.S. mid to
heavyweight motorcycle sector.
Polaris off-road vehicle and
snowmobile sales were -9% at
$953m.
Triumph’s new Trekker GT is an e-bike
with components from Shimano and
RockShox, based around the Shimano
e-drive. It is the first e-cycle in the 118-
year history of the Triumph brand and
was designed in the UK by Triumph’s
in-house styling team - "the elegant
frame combined with the narrow-width
handlebars and the ultra-comfort of the
Selle Royal Vivo saddle provides the
rider with optimal ergonomics and
great rider control".
Yamaha announced consolidated
business results for Q1 of its new fiscal
year (period ending March 31, 2020)
with net sales of 395.9bn yen (a
decrease of 33.5bn yen or -7.8%
compared with the same period of the
previous fiscal year), and operating
income of 25.4bn yen (a decrease of
10.5bn yen or -29.2%).
"Net sales have been greatly affected
by the COVID-19 (novel coronavirus)
pandemic since March, and therefore
income has decreased due to the
lower number of units sold in the Land
Mobility Business and Marine
Products Business.
"Operating income declined due to
the impact of foreign exchange rates,
a decrease in the number of outboard
motor units sold in the Marine
Products Business, and the impact of
Yamaha Motor Robotics Holdings Co.,
Ltd. (YMRH), which became a
subsidiary at the end of the second
quarter of the previous fiscal year."
In its motorcycles ("Land Mobility"
division) net sales were 260.3bn yen
(a decrease of 19.1bn yen or -6.8%
compared with the same period of the
previous fiscal year), and operating
income was 8.6bn yen (a decrease of
0.7bn yen or -7.4%).
Unit sales of motorcycles in developed
markets decreased due to the impact
of the COVID-19 pandemic from
March, resulting in a decline in sales.
However, the deficit was narrowed
due to an increase in unit production
at headquarters and in Europe, along
with improvements in the model mix
for Europe.
In emerging markets, sales and
income from motorcycles have
declined due to factors such as the
deterioration of the model mix in
Vietnam, decreased demand due to
the introduction of new emission
regulations in India, and the impact of
the COVID-19 pandemic. The
Philippines have also seen declines
due to the effects of its volcanic
eruption and the COVID-19
pandemic. As a result, there was an
overall decrease in sales and income
in the Land Mobility Business.
Yamaha says that the impacts of the
coronavirus pandemic had already led
it to withdraw its forecasts of February
12 and make a new announcement
when circumstances permit.
/ www.ferodoracing.com
/ www.championpowersports.eu
wersports.eu
CIRCUIT
Italian brakes specialist Ferodo
has created a new, bespoke
motorcycle racing catalogue to
help riders find the right
Ferodo and Champion part
numbers for their bikes. The
catalogue is divided into four
categories, so no matter
whether you ride motard, trial,
off-road or track, there's a
section dedicated to each - it is
available as an online
reference or download.
www.ferodoracing.com
2020/2121
MOTARD
OFF-ROAD
TRIAL