Author: Less words
On February 8, harley-Davidson (HOG.NYSE), a well-known motorcycle brand, announced its fourth quarter report for 2021. According to the financial report, harley-Davidson revenue was $1.016 billion, up 40% year-on-year, and net profit was $22 million, exceeding market expectations, according to the financial report. According to the financial report, Harley-Davidson's full-year 2021 revenue was $5.336 billion, up 32% year-on-year; net profit was $650 million.
Source: Harley-Davidson earnings report
The increase in total revenue in 2021 was driven by increased motorcycle shipments due to Harley-Davidson's transformation. According to the financial report, in the fourth quarter of 2021, the wholesale volume of Harley-Davidson motorcycles was 29,100 units, an increase of 39% year-on-year, and the wholesale volume of motorcycles in 2021 was 188,500 units, an increase of 30% year-on-year. In 2021, Harley-Davidson's revenue from motorcycles was $3.477 billion, up 48% year-over-year.
In 2021, Harley-Davidson motorcycles achieved sales growth in the North American market alone, with annual sales of 134,400 units, an increase of 22% year-on-year, while sales in Europe, the Middle East, Africa, Asia-Pacific, and Latin America fell by 16%, 8%, and 39% respectively, and the global motorcycle retail sales increased by only 8% year-on-year.
According to Harley-Davidson's forecast, revenue in the Motorcycle and Related Products division will grow by 5% to 10% in 2022, and operating income in the financial services sector will decline by 20% to 25%
(This article is for reference only and does not constitute investment advice, and you do so at your own risk)
![The new Harley Low Rider S model was exposed in advance and replaced with a 117 engine[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)