EANS-Adhoc: KTM Power Sports AG
KTM speeds up earning rise in the third quarter
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.
9-month report/PRELIMINARY RESULT 1.-3. QUARTER 2009/10
24.06.2010
EBIT: 12.4 m EUR (+69.2 m EUR compared to last year) Net profit: +3.9 m EUR (+70.7 m EUR compared to last year) Free cash flow: 13.9 m EUR (+81.5 m EUR compared to last year) Turnover 318.3 m EUR (-7.3% compared to last year) Preparation of market offensive in Brazil
Mattighofen, 24.06.2010
Operative result improved by 69.2 m EUR The KTM-group is expected to generate an EBIT of 12.4 m EUR in the 3rd quarter of 2009/10 and is heading for an overly positive business year 2009/10. The significant increase of the EBIT by 69.2 m EUR to 12.4 m EUR can be mainly attributed to a rapid and consequent adjustment of all capacities and cost structures.
Due to the focus on the core business and the efficient cost management, KTM managed to find the fastest track out of the crisis despite slightly lower sales.
Launch of new products In spite of the still difficult market conditions, KTM increased their market share in the Offroad segment and in the Street segment. The launch of the new KTM motocross generation resulted in a significant strengthening of KTM´s market position in the core segment Offroad Competition. In the first three quarters of 2009/10 it was possible to reduce dealers´ and KTM stock levels.
Further increase of liquidity reserves In the first three quarters of 2009/10 KTM managed to generate a positive free cash flow and thus further minimise the company´s net indebtedness. Apart from the capital increase of 29.8 m EUR, carried out in the third quarter, additional liquidity reserves were established from the operative business.
Brazil as the biggest market opportunity In addition to the already entered KTM markets, new market opportunities in emerging markets come along with the serial production of entry-level street motorcycles (125cc to 350cc), which will be launched in late fall 2010 in cooperation with Bajaj Auto Ltd. The fist step will be Brazil, where the market offensive is already in the preparation stage.
PRELIMINARY RESULT Q3 2009/10
in million EUR Q3 09/10e Q3 08/09 V total V % Turnover 318.3 343.5 -25.2 -7.3 EBITDA 36.5 6.2 30.3 488.1 EBIT 12.4 -56.7 69.2 - Net profit 3.9 -66.8 70.7 - Result per share (in EUR) 0.38 -8.8 9.2 - EBITDA margin 11.5% 1.8% - - EBIT margin 3.9% -16.5% - -
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