EANS-Adhoc: KTM AG
Strong growth in the first quarter of 2012
24.05.2012 – 16:28
-------------------------------------------------------------------------------- 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 24.05.2012 » Sales: 19,408 vehicles / +29.9% » Turnover: EUR 135.7 million / +13.5% » Market share: 6.5% (+16.1%) in Europe and 3.2% (+23.1%) in the USA » Successful issue of EUR 85 million bond Mattighofen, May 24th, 2012 Increase in turnover to EUR 135.7 million (+13.5 % compared to previous year); sales 19,408 vehicles (+29.9 % compared to previous year) Despite a still restrictive market environment - the total European market declined by 8.6% compared to previous year - KTM achieved to increase both sales and turnover considerably. The decrease on the overall European market is primarily related to the development in the largest European markets such as Spain (-30.2 %), Italy (-24.4 %) and France (-4.3 %). In contrast, the overall US-market developed slightly positive with 5.2 % compared to previous year. KTM managed to increase turnover to EUR 135.7 million (+13.5 % compared to previous year). Sales increased by even 29.9 % compared to previous year to 19,408 vehicles. As a result, the European market share rose by 16.1 % to 6.5 % and the US market share by 23.1 % to 3.2 %. In the first quarter of 2012 KTM achieved an EBIT of EUR 1.4 million, including expenses for the product launch of the new Duke 690 and the Freeride 350 as well as expenses for developing emerging markets in Southeast Asia. EBITDA amounted to EUR 9.8 million (+2.1 % compared to previous year). "Crucial for these enormous increases were the successful launches in the street segment (Duke 690) and offroad segment (Freeride 350) as well as the continuing strong demand for the street model Duke 125 developed in cooperation with Bajaj", explains Stefan Pierer, Chairman of the Executive Board of KTM AG. Successful issue of EUR 85 million bond In April a bond with a volume of EUR 85 million was issued successfully. Together with the planned capital increase of EUR 8.4 million KTM secured a stable long-term financing structure for the next 5 years. Outlook Due to the Euro crisis the declining development on the European market is expected to continue. In contrast, the US market shows a stable respectively slightly positive development. By launching new models KTM consequently follows a global product strategy and expansion into Asian markets. Under these circumstances KTM expects further increases in sales and turnover for 2012. Key figures Q1 2012 Q1 2011 +/- Sales units 19,408 14,939 +29.9% Turnover mio. EUR 135.7 119.6 +16.1 EBITDA mio. EUR 9.8 9.6 +0.2 EBIT mio. EUR 1.4 1.4 +0.0 Net profit after taxes mio. EUR -0.4 0.2 -0.6 Further inquiry note: KTM AG Mag. Viktor Sigl MBA Tel: +43 7742 6000 144 Mail to: viktor.sigl@ktm.at end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: KTM 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