In announcing Full Year 2023 financial results ( the year to December 31 , 2023 ), Yamaha Motor Co ., Ltd . CEO Yoshihiro Hidaka is quoted as saying that " in fiscal 2023 , we set new records for consolidated net sales and operating income . As demand for outdoor recreation slowed , primarily in developed markets , it remained strong for our core products of motorcycles and large outboard motors . " Our efforts to counter rising costs by passing on prices and the weak yen contributed to us posting higher sales and profits ." For 2024 , Yamaha expects to set further new records and to see " improved supply of premium motorcycle and scooter models in emerging markets . We expect to clear the financial indicators of our threeyear Medium-Term Management Plan ( 2022-2024 ). " As we up the pace and tackle transformational challenges toward realising our long-term vision of " ART for Human Possibilities : Let ' s strive for greater happiness ", we will endeavour to deliver Kando [ a Japanese word for the simultaneous feelings of deep |
satisfaction and intense excitement that we experience when we encounter something of exceptional value ] and answer the expectations of all our stakeholders ." Net sales were 2,414.8bn yen ( an increase of 166.3bn yen or 7.4 % compared with the previous fiscal year ) and operating income was 250.7bn yen ( an increase of 25.8bn yen or 11.5 %). Ordinary income was 242.0bn yen ( an increase of 2.7bn yen or 1.1 %) and net income attributable to owners of parent was 164.1bn yen ( a decrease of 10.3bn yen or 5.9 %). " These figures once again reset the company ' s record for net sales and operating income . " Net sales rose thanks not only to healthy demand for motorcycles , but also increased supply volumes resulting from supply chain operations returning to normal and improvements with logistics , production issues and other areas . Operating income increased due in part to higher unit sales , but also from the greater effects of passing on prices to offset the soaring costs of raw |
materials and more , and the benefits of a depreciated yen . " For the motorcycle business , demand in Europe and North America was robust and also grew in many emerging markets , primarily in Asia , with the exception of Vietnam and China , which are suffering from prolonged sluggish economies . Higher unit sales in Europe , North America and in emerging markets - namely Indonesia , India and Brazil - resulted in higher net sales for the business . For operating income , the company |
brought in higher profits mostly thanks to these higher unit sales , but the benefits of passing on costs and a weaker yen also contributed ". With recreational vehicles ( all-terrain vehicles , ROVs and snowmobiles ), the boom in outdoor recreation has passed and as demand has slowed , so have unit shipments . On the other hand , the company ' s U . S . factory was also facing issues last year , but production efficiency improvements , together with the added gains from a weaker yen , gave the business higher sales . |
Ducati closed 2023 with 58,224 motorcycles delivered to customers worldwide - a result that places the past year as the third best in the company ' s history in terms of sales , albeit marked by a slight decrease of -5 % compared to 2022 ( 61,562 ). Italy remained its strongest market , Ducati followed with the United States second and Germany third - recording its best sales performance in BMW ' s home market for the second consecutive year . " Due to a complex market situation , China dropped from being our fourth strongest market in 2022 to sixth position at the end of 2023 ( -47 %)," said Francesco Milicia , Ducati VP Global Sales and After Sales . " At Ducati we love to create high-end , |
sophisticated and technologically advanced bikes with distinctive design for all those Ducatisti that want an exclusive and prestigious product . Over 2023 , the product range has been highly appreciated by enthusiasts all around the world . Limited and numbered editions such as the Ducati Streetfighter V4 Lamborghini sold out in a very short time , establishing themselves as true collector items of great value . " The same has happened with the Ducati Diavel for Bentley and the Panigale V4 SP2 30 ° Anniversario 916 , presented at the end of last year ." In terms of model mix , the Multistrada V4 , in all its versions , is again Ducati ' s best-selling motorcycle ( 10,480 units ), followed by the Scrambler Ducati 800 |
family ( 7,010 units ) and the Monster ( 6,854 units ). " The Diavel V4 , based on the V4 Granturismo engine , saw 2,883 bikes delivered in 2023 . In addition to that , all the limited and numbered Ducati Diavel for Bentley - a new collector ’ s edition model born from the collaboration between Ducati and Bentley and presented in the context of Art Basel in Miami - have already all been assigned . " Ducati enthusiasts are confirming their appreciation also for the iconic Panigale V4 , based on the V4 Desmosedici Stradale engine , which registered a growth in deliveries of + 16 % over the past year . " The Panigale V4 represents the most sophisticated and highly technological superbike in the Ducati range , which benefits the most from the continuous exchange of know-how from the racetrack to series production models ". Racetracks all over the world saw Ducati triumphing in 2023 , becoming World Champion in MotoGP , WorldSBK and WorldSSP . To celebrate these victories , Ducati presented five special Panigale in a limited and numbered edition with a special livery inspired by that of the Ducati Champions and dedicated components . |
Francesco Milicia , Ducati VP Global Sales and After Sales |