February 17, 2012 – (Motor Sports Newswire) –
- Sales: 81,200 vehicles / +22.4% – increase in market share by 30%
- Turnover: 526.8 million EUR / +13.4%
- EBIT: 31.0 million EUR / +7.6%
- Net profit: 20.7 million EUR / +30.2%
- Equity ratio increased to 45.2%
Increase in turnover to 526.8 million EUR (+13.4% compared to previous year); sales 81,200 motorcycles (+22.4% compared to previous year)
Despite a declining market for motorcycles in Europe and the USA by approximately 5%, KTM managed to increase turnover to 526.8 million EUR (+13.4% compared to previous year) and sales to 81,200 motorcycles (+22.4% compared to previous year) in fiscal year 2011.
„The successful launch of the Duke 125 and the new Enduro Competition generation were crucial for these increases. KTM’s market share in Europe increased by 30% from 4.9% to 6.3% compared to previous year. Hence, KTM is the most successful brand and outpaced its competitors clearly”, explains Stefan Pierer, Chairman of the Executive Board of KTM Power Sports AG.
Considerable increase in results and strengthening of financial capacity
In fiscal year 2011 KTM achieved an EBIT of 31.0 million EUR. The net profit increased considerably by 30.2% to 20.7 million EUR compared to the same period in 2010.
As of December 31, 2011 the equity amounted to 219.8 million EUR, the equity ratio increased from 39.7% to 45.2%.
With a gearing ratio of 56.9% as of December 31, 2011 the financial stability of KTM could be further strengthened.
Forecasts show a slightly declining respectively stagnating development of the European and American markets in 2012. Therefore KTM set another important step by implementing a global product strategy and expanding into emerging markets.
On January 24, 2012 the Duke 200 was presented to the public in New Delhi for the first time. With his model KTM – in cooperation with Bajaj – enters the Indian market for the first time and expects sales of more than 20,000 motorcycles. The Duke 200 is the first KTM-model that is available worldwide.
For 2012 KTM expects further increases both in turnover and sales.