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KTM Power Sports AG

euro adhoc: KTM Power Sports AG
Financial Figures/Balance Sheet
KTM Power Sports AG - Focus on POWER SPORTS Vehicles Business Year 2004/05 (Sep 1, 2004 - Aug 31, 2005):

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
09.11.2005
•       Cooperation with Polaris Industries Inc. since July 2005
•       12% higher group sales
•       Units: more than  80,000 motorcycles
•       Equity ratio: 39 %
•       Proposed dividend: EUR 0.55 per share
Focus on POWER SPORTS vehicles KTM Power Sports AG (former CROSS
Holding AG) acquired 100% of the shares in the KTM Group GmbH in
several stages over the course of the business year 2004/05. This
resulted in a company name change to KTM Power Sports AG, a new focus
on the POWER SPORT segment as well as the sale of the participations
that no longer belonged to the KTM group, such as Rosenbauer
International AG.
The increase of the KTM holdings enabled KTM Power Sports AG to fully
consolidate its participation as of December 1, 2004. Due to the
proportional consolidation in the first quarter of 2004/05 and the
full consolidation of the KTM group in December 2004, a comparison
with last years figures is not feasible.
Cooperation with Polaris Industries Inc. The Polaris Group, based in
Minneapolis, USA, acquired 24.9% of the shares in the KTM Power
Sports AG during the past business year. A number of joint-venture
projects were defined at the operative level with the
KTM-Sportmotorcycle AG and their implementation was begun.
Group Sales of  KTM Power Sports AG: EUR 381.9 MM; +147% (KTM Group
GmbH: EUR 451.2 MM, +12% ) Group sales of the KTM Group increased by
12 % to EUR 451,2 MM, which resulted in group sales of KTM Power
Sports AG of EUR 381,9 MM (+147%). Along with volume growth, the rise
in sales resulted from an improved model mix (2-cylinder models) and
strong growth in the related products segment (spare
parts/accessories, WP products).
Group Sales (units) of the KTM group: 80,356 motorcycles, +5 %  Sales
did reach 80,356 units supported by the successful expansion in the
on-road motorcycle market - launch of 990 Super Duke and 950
Supermoto.
EBIT KTM Power Sports AG: EUR 17.7 MM, +14% (KTM Group GmbH: EUR 25.4
MM, -39%) EBIT reaches EUR 17.7 MM (+14 %) during the course of the
Business Year 2004/05. The negative foreign exchange impact led to a
reduction of the gross margin, which only has been partially offset
by the under proportional rise in overheads and the high acceptance
of the new 2-cylinder models.
Equity Ratio, 39.0% Highly welcome is the development of the equity,
which amounts to 39.0 % of the balance sheet of KTM Power Sports AG.
Positive Outlook KTM sees chances for growth in the 2005/06 business
year as well, in which primarily new, attractive models and related
products shall carry the future growth.  First results are already
anticipated in the 2005/06 business year from the cooperation
agreement concluded with the Polaris Group, particularly regarding
the expansion of the dealership network and the cooperation in
purchasing. However, the spotlight of this cooperation shall be on
the reduction of the EUR/USD risk through mutual product deliveries
("natural hedge").
Key Figures of KTM Power Sports AG  (IFRS):
EUR Million (IFRS)              BY 04/05        BY 03/04        V %
Sales revenues                  381.9           154.5           + 147
EBIT                            17.7            15.5            + 14
EBITDA                          32.8            21.2            + 55
Net Profit                      12.1            13.1             - 8
Balance Sheet Total             407.5           163.2           + 150
Equity                          158.8           67.0
EBIT Margin                     4.6 %           10.0 %
EBITDA Margin                   8.6 %           13.7 %
Employees (Ultimo 31.8.)        1,584           1,570            + 1
Share Price Development
Share price rose continuously over the course of the year, from EUR 30.4 on
1.9.2004 to EUR 48.3 on the balance sheet date 31.8.2005, which corresponds to
an increase of 59% compared to the closing price for the 2003/04 business year.
The number of shares rose from 4,400,000 in the previous year to 6,892,643.
CROSS Industries AG is the principal shareholder, with more than 50% of the
voting rights.
Dividend The board proposes to pay out a dividend of 0.55 EUR/share
for the business year 2004/05 taking § 53 para. 2 companies act
(AktG) into account.
end of announcement                               euro adhoc 09.11.2005 20:00:00

Further inquiry note:

KTM Power Sports AG
Mag. Michaela Friepess
Telefon +43 (0) 7242 / 694 02-113
mailto:michaela.friepess@cross-ag.com

Branche: Economy, Business & Finance
ISIN: AT0000645403
WKN: 726812
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing

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  • 23.09.2005 – 08:45

    euro adhoc: KTM Power Sports AG / Financial Figures/Balance Sheet / Record Result of KTM

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. 23.09.2005 Press Release: Preliminary Result BY 2004/05 of KTM Group GmbH (1.9.2004 - 31.08.2005): Group Sales Revenues: EUR 452 million., +12% vs. previous year Preliminary results show a growth in revenues for the KTM Group GmbH (100% daughter ...