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| 23.07.2010 |
| Adhoc: KTM confirms earning rise in the third |
| • EBIT: 12.4 m EUR (+69.2 m EUR compared to last year)
• Net profit: +3.9 m EUR (+70.7 m EUR compared to last year)
• Free cash flow: 13.9 m EUR (+81.5 m EUR compared to last year)
• Turnover 318.3 m EUR (-7.3% compared to last year)
• Sales: 43,189 vehicles (-3,086 vehicles compared to last year)
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Mattighofen, July 23, 2010
Operative result improved by EUR 69.2 million
Due to the focus on KTM’s core business and its efficient cost management, KTM managed to find the fastest track out of the crisis despite slightly lower sales. KTM has paved its way into a positive business year 2009/10.
KTM was able to significantly improve its EBIT by EUR 69.2 million to EUR 12.4 million, which can be attributed to a timely and consistent adjustment of all capacities and cost structures.
Launch of new products
In spite of the still difficult market conditions, KTM increased their market share in the off-road segment and in the street segment. The launch of the new KTM motocross generation resulted in a significant strengthening of KTM´s market position in the core segment “off-road competition”. In the first three quarters of 2009/10 it was possible to reduce dealers´ and KTM stock levels.
Further increase of liquidity reserves
In the first three quarters of 2009/10 KTM managed to generate a positive free cash flow and thus further minimise the company’s net indebtedness. Apart from the capital increase of EUR 29.8 million, carried out in the third quarter, additional liquidity reserves were established from the operative business.
Outlook
For the business year 2009/10 KTM is expecting a turnover at last year’s level. Compared to last year EBIT will increase significantly to a double-digit range. Compared to the previous year with sales of 64,080 vehicles, sales levels will increase to 65,000 or 66,000 vehicles. In addition to the already entered KTM markets, new market opportunities in emerging markets come along with the serial production of entry-level street motorcycles (125cc to 350cc), which will be launched in late fall 2010 in cooperation with Bajaj Auto Ltd. The fist step will be Brazil, where the market offensive is already in the preparation stage.
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The Interim Statement for the first three quarters of 2009-10 is available for download on our website at www.ktm.com under “Investor Relations > Investor Relations > Reports”.
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