KTM Power Sports AG

EANS-Adhoc: KTM Power Sports AG
KTM increases expectation of profits

@@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@@

Company Information


+++ KTM increases expectation of profits +++

KTM increases expectation of profits for 2010

•          EBIT between 28 and 29 million EUR
•          Planned changes in the Executive Board
•          Bajaj increases share in KTM to 38.08%

Mattighofen, 26 November 2010

Expected performance increased up to 28 or 29 million EUR As the business performance in September and October exceeded the expectations, KTM expects an EBIT between 28 and 29 million EUR at the end of the business year.

Planned changes in the Executive Board As part of the long-term strategic orientation of the KTM-Group the mandate of Mr. Stefan Pierer as Chairman of  the Executive Board of KTM-Group was prematurely extendend until 31 December 2015. Mr. Friedrich Roithner, CFO of CROSS Industries AG is appointed CFO of KTM Power Sports AG as of 1 January 2011. Mr. Patrick Prügger resigns from the Executive Board as of 31 December 2010 by mutual agreement.

Bajaj increases share in KTM With the most recent share purchases Bajaj Auto Ltd. increased its share in KTM Power Sports AG and now holds 38.08%;  thus strengthening the strategic importance of the cooperation for both sides.


@@start.t2@@end of announcement                                                 euro adhoc

Further inquiry note: KTM Power Sports AG DI Stefan Pierer Tel: +43 664 816 2490 Mail to: thomas.kuttruf@ktm.at

Branche: Technology
ISIN:      AT0000645403
Index:    mid market
Börsen:  Wien / official market

Weitere Meldungen: KTM Power Sports AG

Das könnte Sie auch interessieren: