May 14, 2007 – Yamaha shows rising PWC, UTV sales in its first quarter

Yamaha Motor Corp. showed a mixed first-quarter report of its powersports offerings.
The Japanese manufacturer says its PWC and UTV sales were up, but its motorcycle retail sales in the United States and ATV sales in North America lagged behind last year’s first-quarter numbers.
However, Yamaha reported its overall net sales rose $3.7 billion — nearly a 14 percent increase for its first quarter, which ended March 31. The earnings increase was attributed to increased motorcycle sales in large parts of Asia and Latin America as well as a positive impact from a weaker yen.
By segment, the company reported:

  • its motorcycle sales in North America amounted to 68,000 bikes, a 15 percent increase over the previous-year first quarter. The company noted its retail sales in the United States were down in comparison to 2006, but there’s optimism about upcoming sales as the spring season’s shipments actually increased.
  • its power product sales, which includes quads, increased 11.6 percent to $483 million. Yamaha reported its ATV sales decreased in North America, but its side-by-side sales rose.
  • its marine product sales rose 5 percent and PWC were cited as one of the major reasons for the revenue growth.
    Outside North America, Yamaha reported mixed motorcycle sales. Its retail sales fell 7 percent in Europe to 110,000 bikes, but its sales in Asia grew 15.6 percent to 893,000 motorcycles. The company also reported vast growth in its sales to “other regions,” which have climbed 25 percent over the past year’s first quarter.
    Looking Ahead
    Even with better-than-expected first-quarter results, Yamaha is not changing its year-end numbers, predicting the company will wind up with $13.7 billion in sales. “Business conditions surrounding the company are expected to remain worrisome, reflecting uncertainties over the future of the U.S. economy and persistently high raw material prices,” the company stated in its press release.

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