Harley-Davidson makes significantly less profit

Harley-Davidson has announced its first quarterly figures. Although sales increased at the beginning of the year, the bottom line was that less remained. Year-on-year sales rose 5% to $1.5 billion, Harley-Davidson announced, with net income of $223 million, 14% below last year's result.

The company cited increased material costs and supply chain problems, as well as the shortage of semiconductor chips. The share price suffered slight losses before the trading session. In general, investor confidence is currently declining, as Finanz.net has already reported.