KTM Power Sports AG

euro adhoc: KTM Power Sports AG
quarterly or semiannual financial statement / US-Dollar continues to impact on results

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

quaterly report/Result 1st-3rd Q 2007/08

24.07.2008

>> Revenue: 442.7 million EUR (+10.4% compared to last year) >> EBIT: 7.7 Mio. EUR (-70.3 % compared to last year) >> Equity ratio: 36.7% >> Distribution planning for India >> Completion of X-Bow production facility

Mattighofen, July 24th, 2008 - Despite the difficult economic surrounding conditions, KTM Power Sports AG, one of the world-wide leading manufacturers of Off-Road and street motorcycles, ATVs and the super sports car X-Bow, was able to increase its revenue by 10.4% to 442.7 million EUR (exchange rate adjusted +14.1%) compared to last year. Due to the continuing weak US-Dollar, the EBIT decreased by -70.3% to 7.7 million EUR compared to last year.

Growth driver The growth in revenue is primarily a result of the expected high demand for the new LC4 models (690 Duke, 690 Enduro, 690 Supermoto Competition), the new LC8 models 1190 RC8 and 990 Supermoto and the higher sales in the Related Products segment (Spare Parts, Power Wear and Power Parts).

Sustained strengthening of the distribution network The cooperation with Bajaj Auto Ltd. to develop engine and vehicle platforms for the beginner level street motorcycle segment runs according to plan. Furthermore preparations to distribute KTM motorcycles through Bajaj Auto Ltd.´s dealer network have been initiated. In June, a sales subsidiary was incorporated in Mexico and the takeover of the former exclusive importer in South Africa has been initated in order to effectively strengthen our market position.

Further News In cooperation with Lease Consult GmbH, the KTM Financial Services GmbH has been incorporated. This company offers leasing and rent programs for KTM dealership shop systems as well as leasing and rent programs for the super sportscar X-Bow and motorcycles. The modifications at the X-Bow production facility and the establishment of structures for series production have been finalized. The series production initiated on June 16th. Due to the sustained weak US-Dollar and the uncertain development, a security net for around 50% of the USD exposures has been put in place with call options at a USD/EUR exchange rate of 1.61.

Outlook Until the end of the current business year, an ongoing trend is anticipated. However a two digit growth in sales with around 95,000 motorcycles sold is expected. Such growth is supported mostly by the new models (LC4, LC8). Due to the poor economic surrounding conditions and the decrease in demand for OEM engines in the US, the margin situation shall further worsen. The projected sales target shall therefore be missed closely. The EBIT however will be at 50% below last year´s level with the current USD/EUR exchange rate. The demand for the super sportscar X-Bow will further develop positively. As a result of the higher than expected start up costs, a negative EBIT of -5 million EUR is expected in this segment until the end of this business year. Also for the business year 2008/09 a positive contribution to the operating income is not anticipated from the Sportcar division.On the basis of optimized structures and the expansion of the model range, KTM is prepared for sustained growth.

The interim financial report on the first three quarters of 2007/08 is available for download on our website www.ktm.com under the section "Investor Relations > Investor Relations > Reports".

++++

@@start.t2@@Million. EUR (IFRS)    1.-3. Q 2007/08    1.-3. Q 2006/07      V        GJ 2006/07
Revenue                                442.7                      400.9         10.4%        566.1
EBIT                                        7.7                        26.1        -70.3%         39.8
Equity ratio                         36.7%                      39.0%          -            40.5%
Earings per share                  0.21                        2.19      -90.4%          3.57
EBIT-Margin                            1.7%                        6.5%                          7.0%
Empolyees@@end@@

as of closing date)         1,961                        1,792        +169          
1,931

About KTM Power Sports AG KTM Power Sports AG is a worldwide leading manufacturer of power sports vehicles. KTM has won more than 140 World Championship titles and seven times the Rallye Paris-Dakar. KTM Power Sports AG includes the Sportmotorcycle and the Sportcar division. The KTM-Sportmotorcycle AG, develops and manufactures competition off-road and street motorcycles. KTM-Sportcar GmbH builds the light-weight sports car X-Bow, KTM´s first step into the automotive field. With more than 1,930 employees, the KTM group earned a revenue of 566.1 Mio. EUR in fiscal year 2006/07. Over 20 sales subsidiaries and five joint ventures distribute KTM products to their 1,400 independent KTM dealerships worldwide.

@@start.t3@@end of announcement                                                 euro adhoc
--------------------------------------------------------------------------------@@end@@

ots Originaltext: KTM Power Sports AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
KTM Power Sports AG
Mag. Wilfried Stock
Tel.: +43(0)7742/6000-216
mailto:wilfried.stock@ktm.com

Branche: Technology
ISIN:      AT0000645403
WKN:        
Börsen:  Wiener Börse AG / official dealing



Weitere Meldungen: KTM Power Sports AG

Das könnte Sie auch interessieren: