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Results by operating segment

Results by operating segment
      Two-wheeler Commercial Vehicles Total
Western Countries Asia Pacific Total Europe India Total  
     
Sales volumes (unit/000) 1st half of 2011 190.5 37.2 227.7 7.4 111.4 118.8 346.5
1st half of 2010 203.2 29.6 232.8 7.6 100.4 108.0 340.8
Change (12.7) 7.6 (5.1) (0.3) 11.0 10.7 5.7
Change % -6.2% 25.7% -2.2% -3.6% 11.0% 9.9% 1.7%
       
Net turnover (millions of euro) 1st half of 2011 509.6 69.1 578.7 53.8 197.6 251.3 830.0
1st half of 2010 514.9 67.1 582.0 62.0 176.8 238.8 820.8
Change (5.4) 2.0 (3.3) (8.3) 20.8 12.5 9.2
Change % -1.0% 3.0% -0.6% -13.3% 11.8% 5.2% 1.1%
       
Gross margin (millions of euro) 1st half of 2011 163.9 26.7 190.6 11.9 50.7 62.6 253.2
1st half of 2010 173.3 25.8 199.1 15.8 50.2 66.0 265.0
Change (9.3) 0.9 (8.5) (3.9) 0.6 (3.4) (11.8)
Change % -5.4% 3.5% -4.2% -24.7% 1.1% -5.1% -4.5%
       
Employees (no.) 30-Jun-11 5,363 2,591 7,954
31-Dec-10 4,841 2,688 7,529
Change 522 (97) 425
Change % 10.8% -3.6% 5.6%
          
Investments 2  (millions of euro) 1st half of 2011 37.3 11.2 48.5
1st half of 2010 23.2 11.6 34.8
Change 14.1 (0.4) 13.7
Change % 60.5% -3.4% 39.2%
 
Research and Development 3  (million euro) 1st half of 2011 27.4 9.7 37.1
1st half of 2010 26.9 9.9 36.8
Change 0.5 (0.2) 0.3
Change % 2.1% -2.0% 1.0%
1_The above mentioned geographic distribution was adopted by the Group during approval of the 2010-2013 Strategic Plan resolved by the Board of Directors on 22 September 2010. For comparison purposes, 2010 data have been reclassified according to the new organisational logic. 2_Total investments in property, plant and equipment and intangible assets. 3_The item Research and Development includes investments recognised in the statement of financial position and costs recognised in profit or loss.
MAIN DATA BY GEOGRAPHICAL SEGMENT
EMEA   of which ITALY AMERICA INDIA ASIA PACIFIC Total
 
1st half of 2011 191.1 60.4 6.8 111.4 37.2 346.5
Sales volumes 1st half of 2010 207.7 78.8 3.1 100.4 29.6 340.8
(units/000) Change -16.6 -18.4 3.6 11.0 7.6 5.7
Change % -8.0% -23.4% 116.3% 11.0% 25.7% 1.7%
 
1st half of 2011 541.1 195.2 22.2 197.6 69.1 830.0
Turnover 1st half of 2010 563.7 236.4 13.3 176.8 67.1 820.8
(million euro) Change -22.5 -41.2 8.9 20.8 2.0 9.2
Change % -4.0% -17.4% 67.0% 11.8% 3.0% 1.1%
 
30-Jun-11 4,878 4,381 47 2,315 714 7,954
Employees 31-Dec- 4,597 4,138 50 2,400 482 7,529
(units) Change 281 243 (3) (85) 232 425
Change % 6.1% 5.9% -6.0% -3.5% 48.1% 5.6%
 
1st half of 2011 25.3 24.2 1.1 15.9 6.2 48.5
Investments 4  (millions of euro) 1st half of 2010 24.9 24.8 0.1 7.8 2.0 34.8
Change 0.4 -0.6 1.0 8.1 4.2 13.7
Change % 1.4% -2.6% 103.8% 210.0% 39.2%
 
1st half of 2011 25.8 25.4 0.4 8.2 2.7 37.1
Research and Development 5  (million euro)
1st half of 2010 29.2 28.9 0.3 5.9 1.4 36.8
Change -3.4 -3.5 0.1 2.3 1.3 0.3
Change % -11.5% -12.0% 33.3% 39.0% 92.9% 0.9%
4_Total investments in property, plant and equipment and intangible assets. 5_ The item Research and Development includes investments recognised in the statement of financial position and costs recognised in profit or loss.