Saturday, April 13, 2024
HomeNEWSFINANCIALFLYING START FOR HONDA

FLYING START FOR HONDA

Bouncing back from the impact of last year’s Kumamoto earthquake with a better model mix, Honda’s global motorcycle operations grew strongly in its first fiscal quarter to 30 June. BDN financial editor Roger Willis reports.

Total worldwide sales volume put on 8% to 4.7 million units. Asian markets were 8.6% up at 4.22 million. Some 974,000 of those machines were made by joint-venture associates. India, Vietnam and Thailand posted increases but Indonesia declined. Other emerging regions, dominated by Latin America, did less well with a 3.8% fall to 277,000.

Developed markets with higher-priced products were consistently positive. Europe led the field, rising by 12.5% to 81,000 units. North America was 2.6% up at 80,000. And home territory in Japan recovered sharply by 44.8% to 42,000.

Overall three-monthly revenue from bikes stacked on 17.6% to £3.49bn. Operating profit went ballistic, stacking on 153.4% to £541m. Operating margin rose from just 7.2% in the equivalent period last year to 15.5%.

Honda’s full-year global volume forecast to March 2018 indicates a 6.3% improvement to 18.77 million motorcycles.    
 

RELATED ARTICLES

Product News

TT line-ups announced

It’ll be here before we know it, and the 2024 Isle of Man TT has seen a few more high-profile racer announcements. Manxman Conor...