KTM Half-Year Sales Up 65%
May 8, 2006
Filed under Uncategorized
Austria's KTM Power Sports AG said sales for its fiscal first half-year ended Feb. 28 were approximately Euro 235.4 million ($299.5 million), up 65 percent compared to sales of Euro 143.1 million during the same six-months in the previous fiscal year.
KTM's gross margin during the recent six-month period was up 78 percent to Euro 81.4 million ($103.5 million); first-half operating income was up 93 percent to Euro 18.1 million ($23 million); and first-half profit was up 20 percent to Euro 11 million ($14 million).
KTM officials said results came from beneficial currency exchange rates, lower production costs and a better product mix.
KTM expects to close the year August 31, 2006, with a double-digit sales increase. The company had worldwide sales of approximately $531 million in 2005, up from $490 million in 2004.