MILAN (AIMnews.it) - Energica Motor Company confirms - following the fast growing of the business - the trend of the data announced on 16 th ofJanuary and records a further growth of the 2020 order backlog that reaches in present date the 100% of the total order of 2019, for a turnover of around Euro 2.3M. The company expects to confirm the 2020 targeted revenues of the industrial plan, which are estimated around Euro 6.5M. The Company estimates to reach in 2020 revenues higher than Euro 20M with an EBITDA margin of 7% - not at full capacity. It should be noted that, in the current financial period, the Company will periodically provide the public with information regarding the trend of its own order backlog.

From this forecast, the effects of the partnership with Dell’Orto S.p.A - aimed at the sale of EVdedicated power units (Electric Vehicles) for small and mid-size motorcycles (mopeds and small motorcycles) with a revenue sharing model of 50% on their commercialisation – are still excluded.

Livia Cevolini, Energica Motor Company CEO: “With the launch of the new MY2020 range, which improves both driving range and power while reducing the weight, our bike gave an answer to the market needs as shown by the order backlog, which in less than eight weeks has reached the numbers of the whole 2019 year. In order to satisfy the customer requests and shorten delivery times – which are now expected within the end of April 2020 – we are increasing our internal production capacity also thanks the strong support from our network of partners. Unlike some years ago, our sector is finally ready to get a centre role inside the whole electric automotive world, in which we brought a Made in Italy product with top-tier performance and elegant design. Our commitment to innovation never stops; as single manufacturer of the MotoE World Cup we will continue to implement the improvements coming from our racing experience on every road-going model.”