euro adhoc: KTM Power Sports AG
quarterly or semiannual financial statement /
KTM to achieve best results ever
. Growth in Sales by 14.4% to 400.9 million EUR
. EBIT increased by 33.4% to 26.1 million EUR
. Equity capital ratio of 39.0%
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9-month report
17.07.2007
Mattighofen, July 17th 2007 - The first three quarters of business year 2006/07 were influenced by a significant increase in sales and profit. Compared to the previous business year, sales have risen 50.4 million EUR to reach 400.9 million EUR, the EBIT increased by 33.4% from 19.5 million EUR last year to 26.1 million EUR.
Best Q3 performance since KTM went public in 2003 In the frist three quarters 2006/07, gross margin rose by 10.1% to130.7 million EUR whereas overheads increased by 5.5% to 104.7 million EUR compared to the previous year. Gross margin, adjusted by the effects of the change in sponsorship and promotional income in the current business year, rose by 15.6% and the overheads rose by 11.9%. The free cash-flow in the amount of -23.7 million EUR results from a major increase in investments and the periodically contingent increase of the working capital.
Sales increase in on-road segment Due to the market introduction of the 690 Supermoto, the 990 Super Duke and the new R-Models, sales could be increased in the on-road segment. The business case for the series production of the sports concept car "X-BOW" has been developed. The projected units for business year 2006/07 have already been ordered in the third quarter.
Preview The new Enduro Racing engine generation shall further boost the growth in the fourth quarter 2006/07. All foreign exchange risks, except for parts of the US- Dollar exposure, were hedged for 2006/07. Also for business year 2007/08, all relevant exchange rate risks have been hedged to a large extent. The Board expects a two-digit growth rate for the entire year 2006/07. The impulses given in the current year shall further sustain the successful business development in the year 2007/08.
About the KTM Power Sports AG KTM Power Sports AG is a world-wide leading manufacturer of power sports vehicles. KTM may claim 120 World Championship titles and 7 victories at the prestigous Rally Paris-Dakar. The main manufacturing operations are conducted by KTM-Sportmotorcycle AG, who develops and produces competitive race motorcycles for off-road and on-road usage. KTM Sportcar GmbH is home of the light weight sports car X-BOW, which was KTM's first step towards the automotive sector. In the business year 2005/06, the KTM group with its 1,600 employees realized sales in the amount of 504.5 million EUR. 17 sales subsidiaries distribute the KTM products to around 1,400 authorized KTM dealers world-wide.
end of announcement euro adhoc 17.07.2007 08:28:13
Further inquiry note:
KTM Power Sports AG
Wilfried Stock
Telefon +43 (0) 7742 / 6000-216
mailto:wilfried.stock@ktm.com
Branche: Economy, Business & Finance
ISIN: AT0000645403
WKN: 726812
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing