KTM reports growth in first half of 2011
September 2, 2011
Filed under Features
KTM has reported a successful first half of the year, which led to a 41 percent increase in sales worldwide to 36,840 motorcycles.
The company has increased turnover to €263 million ($373.5 million), up 24 percent from the year-ago period. Earnings before interest, taxes, depreciation and amortization were €30 million ($42.5 million), and earnings before interest and taxes reached €13.5 million ($19.1 million). That development came as productivity increased, and costs were cut in all areas.
Stefan Pierer, chairman of the Executive Board of KTM Power Sports AG, credited the company’s strong performance to introduction of the Enduro Competition segment as well as the release of the street motorcycle, the Duke 125, in India with partner Bajaj.
In the first half of the year, a third production line was added to the company’s facility in Mattighofen, Austria.
The company announced in its forecast for 2011 that it expects an increase in turnover and sales and the debt equity ratio to be significantly reduced.