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HONDA SALES UP BUT PROFIT DOWN

In its second-quarter and half-yearly financial results to 30 September, Honda’s global motorcycle business improved both unit sales volume and revenue but profitability declined.

For the second quarter, Honda-branded bike sales grew by 8.7 per cent to 4.581 million units. Bikes made by wholly-owned subsidiaries accounted for 2.743 million units, a 6.1 per cent increase. Revenue from motorcycles rose by 4.9 per cent to £2.52bn over this three-month period. However, related operating profit fell by 16.3 per cent to £219m.

Developed markets in the USA and Europe both posted quarterly improvements with the latter most buoyant, adding 23.7 per cent to 47,000 units. Among the big emerging markets, Asia put on 13 per cent to 3.998 million units but Latin America was down by 18.4 per cent to 417,000 units. The Japanese domestic market also shrank.

For the six months of Honda’s current fiscal year to date, overall bike volume is up by 5.4 per cent to 8.718 million units. Resultant revenue has risen by 3.7 per cent to £4.86bn. Operating profit is down by 6.8 per cent to £471m.

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