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18.12.2009 – 08:32

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

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