euro adhoc: KTM Power Sports AG
quarterly or semiannual financial statement /
Further Growth in Sales Revenues and EBIT in the First Three Quarters
(Sept. 1, 2005 - May 31, 2006)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
27.07.2006
Net sales: EUR 350.5 million, +42 % (KTM Group GmbH: +11%) vs. prior year EBIT: EUR 19.5 million, +93% (KTM Group GmbH: +15%) vs. prior year Share of equity capital: 38.9 %
Group sales KTM Power Sports AG: EUR 350.5 million, +42 % (KTM Group GmbH:+11%)
Consolidated sales of KTM Power Sports AG increased by +42 % to 350.5 million EUR in comparison with the first three quarters of the previous year (thereof due to full consolidation +31 %, KTM Group GmbH +11 % versus previous year).
Gross margin KTM Power Sports AG: EUR 118.8 million, +54 % (KTM Group GmbH:+18%)
Gross margin rose by + 54% to 118.8 million EUR (full consolidation effect +37 %, KTM Group GmbH +18 % versus previous year). This increase in sales and margins of the KTM group is further on determined by higher productivity, as well as a better product mix und successful new product introductions.
EBIT KTM Power Sports AG: EUR 19.5 million, +93 % (KTM Group GmbH:+15%)
The operating income has also developed positively in the first three quarters 2005/06 and has been increased, despite of the strong commitment towards racing, distribution and research and development, by +93 % (thereof due to full consolidation +78 %, KTM Group GmbH +15 %) from 10.1 million EUR to 19.5 million EUR.
Favourable outlook
After the successful introduction of the 950 Super Enduro R in the third quarter 2005/06, KTM starts in the fourth quarter 2005/06 with new and high-performance models in the offroad segment and expects a double-digit (in %) increase in sales revenues for the whole current business year.
Key figures of KTM Power Sports AG (according to IFRS) at a glance*:
million EUR (IFRS) 1st-3rd Quarter 05/06 1st-3rd Quarter 04/05 V %
Net sales 350.5 247.0 + 42
EBIT 19.5 10.1 + 93
EBITDA 34.5 20.3 + 70
Net profit 11.6 6.6 + 76
Total assets/equity and liabilities 444.0 407.5**) + 9
Equity 172.5 158.8**) + 9
EBIT margin 5.6 % 4.1 %
EBITDA margin 9.8 % 8.2 %
Employees (as per May 31) 1,634 1,572 + 4
**) 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 three quarters of the business year 2005/06, the KTM-stock was
trading between EUR 44.90 and EUR 49.98 and closed at EUR 45.40 at the end of
the third quarter (May 31, 2006). The market capitalization of the 6.892 million
shares outstanding reached 312.9 million EUR as per May 31, 2006.
Main shareholder with more than 50 % is CROSS Industries AG.end of announcement euro adhoc 27.07.2006 07:30:00
Further inquiry note:
KTM Power Sports AG
Mag. Michaela Friepess
Telefon +43 (0) 7242 / 694 02
mailto:ir@ktmpowersports.com
Branche: Economy, Business & Finance
ISIN: AT0000645403
WKN: 726812
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing