EANS-Adhoc: KTM Power Sports AG
KTM Completes Restructuring Measures
Short time working to stop at end of October
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9-month report/KTM: Results of the first three quarters 2008/09
Q1-3 2008-09 >> Turnover: EUR 343.5 million (-22.4% from previous year) >> Vehicle sales: 46,275 (-19,647 units from previous year) >> EBITDA: EUR 6.2 million (-79.1% from previous year) >> Market shares gained in Europe and the USA
Mattighofen, July 30, 2009
Capacity Adjustments Completed KTM has completed its capacity adjustments and will stop short time working on October 31, 2009. Operating profit before depreciation and amortization (EBITDA) and reorganization costs dropped to EUR 6.2 million (previous year: EUR 29.6 million).
Inventories Reduced As Planned In the third quarter of 2008-09, finished goods inventories were reduced as planned. KTM stocks decreased in the third quarter by 4,654 units and were down 3,893 units at the dealers. Further cuts in inventories are planned by the end of the business year.
KTM Performed Better Than The Market The European and US markets showed a sharp decline in the first six months of 2009. KTM succeeded in gaining market shares over this period.
Market trends: Europe -21% / KTM -19% USA -45% / KTM -27%
Due to the attractive product range, further market share gains are expected by the end of the business year.
Sales Target: 300 X-Bow Top The Sportcar Division sold 249 X-Bows in the first three quarters. Sales of some 300 X-Bows are anticipated by the end of the business year. Given the restructuring in the Sportcar Division, capitalized development costs and tool investments totaling EUR 33 million were written off prematurely.
++++ The report on the first three quarters of 2008-09 can be downloaded from the website www.ktm.com under Investor Relations >> Investor Relations >> Reports.
end of announcement euro adhoc
Further inquiry note:
KTM Power Sports AG
Mag. Wilfried Stock
Börsen: Wien / official dealing