INTERVIEW
MV AGUSTA PRESIDENT AND CEO GIOVANNI CASTIGLIONI: PART 2
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an outside partner, so our costs
went down drastically to around
600,000 Euro.
So even though it's called
MV Agusta Reparto Corse
[Racing Department], it is in
fact a private team?
Yes, Ducati does the same
with Feel Racing. So these two
items count for more than a
15 million Euro savings for the
company.
So how much production
will you have lost this year?
How many bikes will you pro-
duce in the end in 2016?
We're aiming to end up build-
ing about 5,000 units.
But you just told me you
don't want to produce more
than 7,000-8,000 bikes an-
nually, so it's not been too
traumatic a reduction in the
end?
Not really, because anyway
we had to clean up our dealer
network, clean up our stock
position, so, yes, we will not do
7,000 bikes this year, but we will
do 7,000 next year. MV Agusta
is a company with tremendous
potential, as demonstrated by
the trend of the last five years,
with growth from 30 million to
100 million of turnover, and we
are a company that is continually
growing. The past three months
even with production slowed
down we had a 27 percent in-
crease in retail sales, 36 percent
for March alone, which is the
start of the European selling
season, and last year it was a
30 percent rise overall, against
an increase in the global market
of just 12 percent. We have a
strong order book for 2016 gen-
erated by new models represent-
ing an increase of 42 percent
over last year.
I repeat, we don't have a busi-
ness problem, we have a cash
problem.
I'm confident that in overcom-
ing the current issues of finan-
cial liquidity, our company will
recover and achieve economic
results that will satisfy the expec-
tations of our employees and our
creditors. CN
No one wants to
see this great name
disappear, but it's not
to the battle stations
just yet in Varese.
