Italian bike firm MV Agusta plots new route to share float Reuters

15 Май 2015 | Author: | Комментарии к записи Italian bike firm MV Agusta plots new route to share float Reuters отключены
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June 25 (Reuters) — MV a rival of Volkswagen’s Ducati to be in a position to bring its brand of superbikes to Milan’s stock in 2015 as it embarks on a new campaign for it said on Tuesday.

Over the three years we aim to double sales with a solid structure, and we are convinced that the will be the listing of the company on the exchange, Chief Executive and Giovanni Castiglioni said in a

A source close to the family-owned told Reuters that MV is aiming to grow revenues to 120 euros ($157 million) a in 2015 from this expected 90 million thanks to the of new models like the Rivale 800

Applying the valuation multiple in VW’s purchase of Ducati, MV could potentially be worth as as 150 million euros when it providing it hits its targets.

Volkswagen paid 750 million to acquire Ducati last when Ducati generated 606 euros from the sale of motorcycles and earned 58 million in operating profit.

Valuations greatly amid the current in the industry. Shares in Italian and motorcycle maker Piaggio at 0.7 times forward sales Harley-Davidson changes hands at 2.6 sales, according to Reuters

As part of its plans to list MV has hired as executive vice 53-year old Giorgio Girelli, who as executive of Banca Generali the 2006 initial public of the lender.

However, Europe’s motorcycle has almost halved in size 2007, even though brands like Ducati, BMW and KTM have gained market at the expense of the four mass-market rivals including market Honda.

This slump trigger a shake-out in the industry. Investindustrial sold Ducati to Audi in July 2012, BMW offloaded its Husqvarna brand of motorbikes, previously owned by to Austria’s KTM in January for an undisclosed

A legendary name in the motorcycling world, MV Agusta won no fewer 75 world championship driver and titles before largely in the 1970s.

Its rebirth in 1992 motorcycle entrepreneur Claudio and renowned designer Massimo created the F4 superbike, one of which to King Juan Carlos of and was loaned out to the Guggenheim Museum for an

In the past 10 years, however, the has repeatedly come under duress and gone through owners that included and Malaysian state-owned carmaker It was bought back in 2010 by shortly before he died, and is now run by his

Thanks to the launch of its all new range of sport and … bikes, have no fairings, MV Agusta annual sales by 87 percent to 7,000 motorcycles last while revenue jumped 50 to 70 million euros.

Both MV and Ducati also compete Italy’s other major maker Aprilia, a unit of

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