Harley-Davidson slows down in 4th Qtr

Harley-Davidson reported that fourth-quarter sales had fallen 33% because of the low number of orders for its iconic motorcycles.
The volume of sales of motorcycles during the period had a low of 7.2 percent last year, reaching 47.06 thousand units. For the first quarter, the company expects to sell between 71 and 76 thousand units worldwide, an increase of up to 18% compared with the same period last year.In 2013, the company hopes to expand its sales between 4.5% to 6.5%.
The 100-year-old motorcycle manufacturer's profit fell to $ 105,7 million to $ 70.6 million in the last fiscal quarter. The recipe had a fall of 1.5%, to $ 1.01 billion, according to information sent to the market. The company's gross margin of 31.2% left to 31.8%.
This is the first decline in the company's results over the past two years due to the stabilization of mature markets. Harley-Davidson continues the expansion of its business overseas.