|
| 29.04.2010 |
| KTM reports a clearly positive result at mid-year! |
| +++ Results for the 1st HY 2009-10 +++
|
|
 | EBIT: EUR 6.3 million (+ EUR 15.3 million to the previous year)
| | Net income: EUR 0.9 million (+ EUR 45.4 million to the previous year)
| | Market share further increased
| | Liquidity reserves established |
Mattighofen, April 29th, 2010
Earnings Development
In the first half of 2009-10, the KTM-Group further strengthened the positive business development compared to previous year’s and recorded an after-tax profit of EUR 0.9 million (previous year: minus EUR 44.5 million). Turnover declined to EUR 208.0 million (previous year: EUR 222.9 million). “We consistently continued with the restructuring measures and thus reduced overheads and net financial debt. KTM is on the right track jnto the second half of 2009-10”, states Stefan Pierer, CEO of KTM Power Sports AG.
Increase of Market Shares
The KTM-Group increased its share of the total market despite continuing difficult market conditions. In the first halt of 2009-10, KTM sold 30,532 units (previous year: 32,034 units). Dealer’s inventories dropped to 29,193 units (-12.6% on February 28th, 2009).
Liquidity Reserves established
Due to the positive free cash-flow KTM continued to reduce net financial debt and thus establish additional liquidity reserves from operating activities. In April 2010, the capital increase raised equity by EUR 42.99 million, thus strengthening equity and liquidity reserves sustainably.
Positive Trend for the Future
“In the second half of 2009-10 we will gain market shares by launching new and innovative products – particularly the new motocross generation”, so KTM’s CEO Stefan Pierer. The restructuring measures are continued to pursue the current positive development of results and cash-flow into the second half of 2009-10.
The 125 cc street models, developed in cooperation with Bajaj, will be produced and launched at the end of calendar year 2010. Consequently KTM expects increases in sales as well as development of emerging markets, e.g. Brazil., KTM sets a significant step towards the future of motorcycle engineering, with the presentation of further developments of the Zero Emission Motorcycle (ZEMC) at the Tokyo Motorcycle Show. With the ZEMC KTM sets a new benchmark for the off-road competition sector and fulfils its role as innovative motorcycle manufacturer in the spirit of its corporate philosophy “Ready to Race”.
+++
The Group Interim Financial Report 1st HY 2009-10 is available for download on our website at www.ktm.com under “Investor Relations > Investor Relations > Reports”. |
|
 | | Stefan Pierer, CEO KTM Power Sports AG
|  | | KTM 125 X-Street
|  | | KTM Zero Emission Motorcycle (ZEMC) |
|
