Motorbike maker Ducati swings to profit in 2007

Newswire

MILAN, Feb 14 (Reuters) - Italian motorcycle maker Ducati reported a 2007 net profit on rising sales and cost cuts, and said it is targeting a 15 percent increase in revenues this year.

In a statement on Thursday, the company said it posted a net profit of 13.3 million euros ($19.43 million) in 2007, swing from a loss of 8.5 million euros the previous year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at 13.8 percent of revenues, and more ...

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