KTM Power Sports AG

EANS-Adhoc: KTM Power Sports AG
KTM is back in the black

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3-month report

18.12.2009

In the first quarter of 2009/10, KTM achieved a preliminary consolidated EBIT in the amount of EUR 6.1m.

• EBIT: EUR 6.1 m , net profit: EUR 3.6 m (EUR +31.5 m compared to the previous year) • Revenues: EUR 110.7 m (-16% compared to the previous year) • Free cash flow: EUR 15.4 m (EUR +72.9 m compared to the previous year) • Sustainable effects of restructuring measures

Mattighofen, Dec. 18th, 2009

Earnings Development After the toughest fiscal year in the company´s history (2008/09), the KTM Group is back in the black and achieved preliminary consolidated revenues in the amount of EUR 110.7 m (-16% compared to the previous year) and an EBIT of EUR 6.1 m (+36% compared to the previous year) in the first quarter of 2009/10. The net profit increased by EUR 31.5 m from EUR -27.9 m in the previous year to EUR 3.6 m.

KTM has developed favourably in the - still declining - motorcycle market compared to the current market trend and was able to gain market shares. In total, 17,056 motorcycles (-15% compared to the previous year) were sold in the first quarter of 2009/10. Both KTM as well dealer inventory levels could be decreased by more than a third.

Due to a positive free cash flow, net indebtedness could be reduced from EUR 243.4 m to EUR 228.5 m in the first quarter.

Sustainable effects of restructuring measures KTM´s CEO Stefan Pierer stated the following: "The restructuring measures, which had to be implemented in the previous year, have already shown sustainable effects. For example, total costs could be reduced by more than 30% in the first quarter compared to the previous year - we are, thus, able to make profits again, even if the sales volume is lower."

in Mio. EUR                          Q1 2009/10              Q1 2008/09                V
Turnover                                  110,7                      132,2                -21,5
EBITDA                                      14,4                         14,2                  0,1
EBIT                                          6,1                          4,5                  1,6
Net Profit                                 3,6                        -27,9                 31,5
Earnings per Shar (in EUR)        0,47(1)                  -4,05(2)              -
EBITDA Margin                          13,0%                        10,8%                  -
EBIT Margin                                5,5%                         3,4%                  -
Total assets/equity and
          liabilities                 480,2                        483,1(3)            -2,8
Equity                                    140,0                        134,5(3)              5,6
Net financial dept                 228,5                        243,4(3)            -2,8
Gearing                                  163,1%                      180,1%(3)                -

(1) calculated for 7.580.000 share capital (2) calculated for 6.892643 share capital (3) Aug. 31, 2009 +++

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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:        
Index:    mid market
Börsen:  Wien / official market



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