euro adhoc: KTM Power Sports AG
quarterly or semiannual financial statement /
KTM group full on speed - Growth in sales revenues and EBIT in 1st Half Year
(Sept. 1, 2005 - Feb. 28, 2006)
Net sales: EUR 235.4 million, +65% (KTM Group GmbH: +11%) vs. p
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
27.04.2006
Group sales KTM Power Sports AG: EUR 235.4 million, +65% (KTM Group GmbH: +11%)
Group sales of KTM Power Sports AG increased by 65 % to EUR 235.4 million in comparison with 1st half year of the previous year (thereof due to full consolidation +54 %; KTM Group GmbH: +11%). The increase in sales of the KTM Group was mainly caused by a more appealing product mix, by the development of the USD and by successful new product introductions. The backlog of the delayed deliveries to North America (as a result of hurricane Katrina) could be made up in full amount in the second quarter of the business year 2005/06.
Gross margin KTM Power Sports AG: EUR 81.4 million, +78% (KTM Group GmbH: +17%)
Gross margin rose by 78% to 81.4 million EUR (thereof due to full consolidation +61%; KTM Group GmbH +17% versus previous year). In addition to the increase in sales in comparison with the previous year, lower production costs and a better product mix mainly contributed to this effect.
EBIT KTM Power Sports AG: EUR 18.1 million, +93 % (KTM Group GmbH: +12 %)
In spite of the increase of the future oriented expenses for motor sports, sales and development, the operating income increased in the first half of the business year 2005/06 by 93% to 18.1 million EUR (thereof due to full consolidation +82%; KTM Group GmbH +12%).
Positive outlook
After the successful introduction of the onroad model 990 Adventure (Travel Enduro) and further new product introductions (950 Super Enduro R, Offroad Competition), a double-digit (in %) increase of the sales revenues is expected to be achieved in the second half of the business year 2005/06.
Key figures of KTM Power Sports AG (according to IFRS) at a glance*:
EUR million (IFRS) 1HY 05/06 1HY 04/05 V %
Net sales 235.4 143.1 + 65
EBIT 18.1 9.4 + 93
EBITDA 27.7 15.0 + 84
Net profit 11.0 9.2 + 20
Total assets/equity and liabilities 444.3 407.5**) + 9
Equity 162.7 158.8**)
EBIT Margin 7.7 % 6.5 %
EBITDA Margin 11.8 % 10.5 %
Employees (as per November 30) 1,606 1,601 + 0
**) end of fiscal year (August 31, 2005)*) In the last business year the stake in the KTM Group GmbH has been increased in several steps to 100% and fully consolidated for the first time on December 1, 2004. Due to the proportional consolidation (38.3%) in the previous year, comparability of figures in the reference period is limited. In the current business year KTM Power Sports AGs results are only affected by its participation in the KTM Group GmbH.
Share development
During the first half of the business year 2005/06, the KTM-stock was trading between EUR44.9 and EUR 49.98 and closed at EUR 45.55 at the end of the second quarter (February 28, 2006) This represents a price development of +80.40% since the IPO and +45.30% since the capital increase in December 2004. Market capitalization of the 6.892 million shares outstanding reached 314 million EUR as per February 28, 2006. Main shareholder with more than 50% is CROSS Industries AG.
end of announcement euro adhoc 27.04.2006 07:25:00
Further inquiry note:
KTM Power Sports AG
Mag. Michaela Friepess
Telefon +43 (0) 7242 / 694 02-113
mailto:ir@ktmpowersports.com
Branche: Economy, Business & Finance
ISIN: AT0000645403
WKN: 726812
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing