EANS-Adhoc: KTM Power Sports AG
Interim Statement Q3 2011
03.11.2011 – 08:43
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- quarterly report 03.11.2011 KTM heading for record Previous year`s profit already exceeded in the first three quarters of 2011 Mattighofen, 4.11.2011 Turnover 397.9 million EUR (+12% compared to previous year); sales 59,847 motorcycles (+20% compared to previous year) Despite a still volatile motorcycle market in Europe and the USA, KTM managed to increase turnover to 397.9 million EUR (+ 11.6% compared to previous year) and sales to 59,847 motorcycles (+20.2% compared to previous year) in the first nine months of 2011 (Q3 2011). "Due to the success of the Duke 125 and the new Enduro Competition generation the net profit generated in the first three quarters of 2011 already exceeds the net profit from last year´s 12-months reference period. KTM´s market share in Europe increased by one third (32.6%) to 5.7% compared to previous year", explains Stefan Pierer, Chairman of the Executive Board of KTM Power Sports AG. EBIT 27.3 million EUR (+20% compared to previous year); net profit 18.8 million EUR (+34% compared to previous year) In the first nine months of 2011 (Q3 2011) KTM achieved an EBITDA of 52.2 million EUR (+11.8% compared to previous year) and an EBIT of 27.3 million EUR (+19.7 million compared to previous year). The net profit increased by 33.8% to 18.8 million EUR. This earnings increase results from improvements in efficiency in all areas and lower financing cost. Successful product launch # 1 in European registration statistics - 125 ccm After the successful launch of the Duke 125 in spring 2011 - the first street motorcycle in cooperation with Bajaj - the Duke tops the European registration statistics in the 125 ccm segment since June 2011 nonstop. The increase in the Enduro Competition segment, KTM´s most important product segment, results from the successful market supply with the new model family since June 2011. In this segment KTM is the global market leader with over 30,000 motorcycles sold p.a. Human resources development: 1.762 employees (+10% compared to previous year) KTM´s staff increased by approximately 170 employees (+9.8% compared to previous year) - mainly in the areas of research & development, distribution and emerging markets - due to the sales increase and the consequently considerable production increase at the site in Mattighofen. In the apprentices´ training shop - an important field for KTM to train its own specialists - 24 new apprentices started in September; currently almost 80 apprentices are trained there. Outlook The cooperation with Bajaj on the development of new street models with less engine capacity (125 ccm to 350 ccm) for the global distribution (Europe, USA and emerging markets) proceeds according to schedule. The Duke 200 is the next model developed from this cooperation that will be launched worldwide in the coming year and will set new standards for KTM. Besides activities for the market entry in Brazil, the market launch of KTM products in Malaysia and Indonesia is planned. Bajaj will launch the KTM-Duke 200 in India in January 2012 already. Despite a still stagnating and partially regressive market environment in Europe and the USA, KTM expects an increase in turnover to over 500 million EUR for the current business year. Thus, a considerable increase of the result compared to 2010 and an increase of the equity ratio to over 43% will be achieved. Result 9 months (Q3 2011) in million EUR Q3 2011 Q3 20102 Change absolute Change % Turnover 397.9 356.5 +41.4 +11.6% EBITDA 52.2 46.6 +5.6 +12,0% EBIT 27.3 22.8 +4.5 +19.7% Result after taxes 18.8 14.0 +4.8 +34.3% Result per share 1) (in EUR) 1.8 1.5 +0.3 +20.0% EBITDA Marge 13.1% 13.1% +0.0 +0.0% EBIT Marge 6.9% 6.4% +0.5 +7.8% 1) Calculated on the basis of average shares in the reporting period 2) 01 January 2010 - 30 September 2010 Further inquiry note: KTM Power Sports AG Mag. Viktor Sigl MBA Tel: +43 7742 6000 144 Mail to: viktor.sigl@ktm.at end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: KTM Power Sports AG Stallhofnerstraße 3 A-5230 Mattighofen phone: +43(0)7742/6000-0 FAX: +43(0)7742/6000-5216 mail: ir@ktmpowersports.com WWW: www.ktm.com sector: Technology ISIN: AT0000645403 indexes: mid market stockmarkets: official market: Wien language: English