Second quarter sales of Harley-Davidson fell by 6.5%

Moscow. October 20. Net profit of the largest U.S. motorcycle manufacturer Harley-Davidson Inc. in the third quarter of 2015 decreased by 6.5% and amounted to $140,347 million vs. $150,066 million for the same period last year, according to the company.

Pokazateli has declined due to declining sales.

In terms of share earnings has not changed due to the program of redemption of securities remained at the level of 69 cents a share.

The company’s revenue for the three months increased by 0.9% in annual terms and amounted to $1.14 billion

Analysts polled by FactSet had forecast a profit of 78 cents a share on revenue of $1.2 billion.

The company’s net profit for January-September decreased by 7.8% to $710,011 million vs. $770,136 million a year earlier.

The company’s revenue for 9 months decreased by 5.2% to us $4,302 billion.

In the United States in the last quarter, dealers reduced their sales of Harley-Davidson 2.5% in the international markets on which the company stakes, sales decreased by 1%.

The company expects to implement before the end of the year, from 265 to 270 thousand thousand motorcycles against the order of 270 thousand last year. Previous forecast was 276-281 thousand motorcycles.

Harley-Davidson also Saul that he intends to reduce staff and expects that the costs of the layoffs will amount to $30-35 million in the fourth quarter. The reductions are not specified.

Harley-Davidson was founded in 1903 and is currently the largest producer of motorcycles in the United States. The company produces big bikes – choppers to drive on the highway.