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KTM Power Sports AG

EANS-Adhoc: KTM Power Sports AG
KTM reports a clearly positive result at mid-year!

  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.
6-month report
29.04.2010
•       EBIT: EUR 6.3 million (+ EUR 15.3 million to the previous year)
•       Net income: EUR 0.9 million (+ EUR 45.4 million to the previous year)
•       Market share further increased
•       Liquidity reserves established
Mattighofen, April 29th, 2010
Earnings Development In the first half of 2009-10, the KTM group 
further strengthened the positive business development compared to 
previous year´s and recorded an after-tax profit of EUR 0.9 million 
(previous year: minus EUR 44.5 million). Turnover declined to EUR 
208.0 million (previous year: EUR 222.9 million). KTM consistently 
continued with the restructuring measures and thus reduced overheads 
and net financial debt. KTM is on the right track into the second 
half of 2009-10.
Increase of Market Shares The KTM group increased its share of the 
total market despite continuing difficult market conditions. In the 
first halt of 2009-10, KTM sold 30,532 units (previous year: 32,034 
units). Dealer´s inventories dropped to 29,193 units (-12.6% on 
February 28th, 2009).
Liquidity Reserves established Due to the positive free cash-flow KTM
continued to reduce net financial debt and thus establish additional 
liquidity reserves from operating activities. In April 2010, the 
capital increase raised equity by EUR 42.99 million, thus 
strengthening equity and liquidity reserves sustainably.
Positive Trend for the Future In the second half of 2009-10 KTM will 
gain market shares by launching new and innovative products - 
particularly the new motocross generation. The restructuring measures
are continued to pursue the current positive development of results 
and cash-flow into the second half of 2009-10.
The 125 cc street models, developed in cooperation with Bajaj, will 
be produced and launched at the end of calendar year 2010. 
Consequently KTM expects increases in sales as well as development of
emerging markets, e.g. Brazil., KTM sets a significant step towards 
the future of motorcycle engineering, with the presentation of 
further developments of the Zero Emission Motorcycle (ZEMC) at the 
Tokyo Motorcycle Show. With the ZEMC KTM sets a new benchmark for the
off-road competition sector and fulfils its role as innovative 
motorcycle manufacturer in the spirit of its corporate philosophy 
"Ready to Race".
in EUR million                 1st HY 2009-10       1st HY 2008-09       V
Turnover                           208.0                222.9         -14.9
EBITDA                              23.0                 10.7          12.3
EBIT                                 6.3                 -9.0          15.3
Net profit                           0.9                -44.5          45.4
Earnings per share (in EUR)          0.12                -6.46          6.58
EBITDA margin                       11.0%                 4.8%           -
EBIT margin                          3.0%                -4.0%           -
+++
The Group Interim Financial Report 1st HY 2009-10 is available for download on
our website at www.ktm.com under "Investor Relations > Investor Relations >
Reports".
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

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