KTM Power Sports AG

EANS-Adhoc: KTM Power Sports AG
On track on rocky ground Market development confirms the capacity adjustments carried out and now completed were right

@@start.t1@@--------------------------------------------------------------------------------   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. --------------------------------------------------------------------------------@@end@@

quaterly report


1. HY 2008-09 >> Sales: EUR 222.9 million (down 22.6% from previous year) >> EBIT: down EUR 9.0 million >> Vehicle sales: 32,034 >> Capital increased

Business development The Sportmotorcycle Division finished making the capacity adjustments and staff cuts that proved necessary as a result at the end of April. The new reduced working hours scheme will mean that we can largely prevent further cutbacks. Liquidity can be also created by reducing the dealer stocks and KTM stock as planned.

The Sportcar Division responded to the current market trends and began resizing, which will be completed by the end of July. Central operations, such as procurement, marketing, sales and administration will move to headquarters in Mattighofen. Centralization will enable synergies to be exploited to a greater extent in the future.

Market shares increased Despite the difficult economic situation, especially for the automotive and motorcycle industry, KTM has succeeded in substantially increasing shares in the total European market to 5.2% since the beginning of the fiscal.

Sustainable development projects To ensure sustainable development of the model range, the company is investing in Research & Development as planned. Key projects are the development of an electric powered Enduro and the development of a new small-engined street motorcycle together with Bajaj Auto Ltd. The first model of the 125 cc street motorcycle destined for the European market will be presented at the EICMA international motorcycle exhibition in Milan in November. The model for the Indian and emerging markets will be unveiled at the Delhi motor show in January 2010. These projects will point the way towards the development of other models and vehicles with new drive concepts for off-road and urban use.

1. HY 2008/09 KTM Power Sports AG announces that sales have fallen to 32,034 vehicles in the first six months of 2008-09 (down 14,498 from the previous year) due to the global economic downturn. Group sales therefore dropped 22.6% from the previous year from EUR 288.1 million to EUR 222.9 million. EBIT was down from EUR 15.7 million (excluding sale of the WP Group: EUR 5.2 million) last year to minus EUR 9.0 million. ++++

The semi annual financial report of 2008/09 is available for download on our website www.ktm.com under the section "Investor Relations >> Investor Relations >> Reports".

@@start.t2@@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

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

Weitere Meldungen: KTM Power Sports AG

Das könnte Sie auch interessieren: