KTM AG

EANS-Adhoc: KTM AG
Strong growth in the first quarter of 2012


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3-month report

24.05.2012


»       Sales: 19,408 vehicles / +29.9%
»       Turnover: EUR 135.7 million / +13.5%
»       Market share: 6.5% (+16.1%) in Europe and 3.2% (+23.1%) in the USA
»       Successful issue of EUR 85 million bond



Mattighofen, May 24th, 2012

Increase in turnover to EUR 135.7 million (+13.5 % compared to previous year);
sales 19,408 vehicles (+29.9 % compared to previous year)

Despite a still restrictive market environment - the total European market
declined by 8.6% compared to previous year - KTM achieved to increase both sales
and turnover considerably. The decrease on the overall European market is
primarily related to the development in the largest European markets such as
Spain (-30.2 %), Italy (-24.4 %) and France (-4.3 %). In contrast, the overall
US-market developed slightly positive with 5.2 % compared to previous year.

KTM managed to increase turnover to EUR 135.7 million (+13.5 % compared to
previous year). Sales increased by even 29.9 % compared to previous year to
19,408 vehicles. As a result, the European market share rose by 16.1 % to 6.5 %
and the US market share by 23.1 % to 3.2 %.

In the first quarter of 2012 KTM achieved an EBIT of EUR 1.4 million, including
expenses for the product launch of the new Duke 690 and the Freeride 350 as well
as expenses for developing emerging markets in Southeast Asia. EBITDA amounted
to EUR 9.8 million (+2.1 % compared to previous year).

"Crucial for these enormous increases were the successful launches in the street
segment (Duke 690) and offroad segment (Freeride 350) as well as the continuing
strong demand for the street model Duke 125 developed in cooperation with
Bajaj", explains Stefan Pierer, Chairman of the Executive Board of KTM AG. 


Successful issue of EUR 85 million bond

In April a bond with a volume of EUR 85 million was issued successfully.
Together with the planned capital increase of EUR 8.4 million KTM secured a
stable long-term financing structure for the next 5 years. 


Outlook

Due to the Euro crisis the declining development on the European market is
expected to continue. In contrast, the US market shows a stable respectively
slightly positive development. 

By launching new models KTM consequently follows a global product strategy and
expansion into Asian markets. 

Under these circumstances KTM expects further increases in sales and turnover
for 2012.


Key figures


                                     Q1 2012    Q1 2011    +/-
Sales                      units      19,408      14,939  +29.9%
Turnover                  mio. EUR     135.7       119.6   +16.1
EBITDA                    mio. EUR       9.8       9.6      +0.2
EBIT                      mio. EUR       1.4       1.4      +0.0
Net profit after taxes    mio. EUR      -0.4       0.2      -0.6



Further inquiry note:
KTM AG
Mag. Viktor Sigl MBA
Tel: +43 7742 6000 144
Mail to: viktor.sigl@ktm.at

end of announcement                               euro adhoc 
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issuer:      KTM AG
             Stallhofnerstraße 3
             A-5230 Mattighofen
phone:       +43(0)7742/6000-0
FAX:         +43(0)7742/6000-5216
mail:     ir@ktmpowersports.com
WWW:      www.ktm.com
sector:      Technology
ISIN:        AT0000645403
indexes:     mid market
stockmarkets: official market: Wien 
language:   English
 

 

 



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