KTM Power Sports AG

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

-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 +++ end of announcement euro adhoc -------------------------------------------------------------------------------- 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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