KTM: STRONG GROWTH IN THE FIRST QUARTER OF 2012

» Sales: 19,408 vehicles / +29.9%
» Turnover: EUR 135.7 million / +13.5%
» Market share: 6.5% (+16.1%) in Europe and 3.2% (+23.1%) in the USA
» Successful issue of EUR 85 million bond

Increase in turnover to EUR 135.7 million (+13.5 % compared to previous year); sales 19,408 vehicles (+29.9 % compared to previous year) Despite a still restrictive market environment – the total European market1 declined by 8.6% compared to previous year – KTM achieved to increase both sales and turnover considerably. The decrease on the overall European market1 is primarily related to the development in the largest European markets such as Spain (-30.2 %), Italy (-24.4 %) and France (-4.3 %). In contrast, the overall USmarket2 developed slightly positive with 5.2 % compared to previous year.

KTM managed to increase turnover to EUR 135.7 million (+13.5 % compared to previous year). Sales increased by even 29.9 % compared to previous year to 19,408 vehicles. As a result, the European market share rose by 16.1 % to 6.5 % and the US market share by 23.1 % to 3.2 %.

In the first quarter of 2012 KTM achieved an EBIT of EUR 1.4 million, including expenses for the product launch of the new Duke 690 and the Freeride 350 as well as expenses for developing emerging markets in Southeast Asia. EBITDA amounted to EUR 9.8 million (+2.1 % compared to previous year).

1 Motorcycles >120 ccm, excl. Motocross, Scooters and ATVs
2 Motorcycles >120 ccm, incl. Motocross, excluding Scooters and ATVs

Stefan_Pierer_CEO_KTM

„Crucial for these enormous increases were the successful launches in the street segment (Duke 690) and offroad segment (Freeride 350) as well as the continuing strong demand for the street model Duke 125 developed in cooperation with Bajaj“, explains Stefan Pierer, Chairman of the Executive Board of KTM AG.

2012 KTM 690 DUKE

Successful issue of EUR 85 million bond
In April a bond with a volume of EUR 85 million was issued successfully. Together with the planned capital increase of EUR 8.4 million KTM secured a stable long-term financing structure for the next 5 years.

Outlook
Due to the Euro crisis the declining development on the European market is expected to continue. In contrast, the US market shows a stable respectively
slightly positive development.

By launching new models KTM consequently follows a global product strategy and expansion into Asian markets. Under these circumstances KTM expects further increases in sales and turnover for 2012.

Key figures
Q1 2012 Q1 2011 +/-
Sales units 19,408 14,939 +29.9%
Turnover mio. EUR 135.7 119.6 +16.1
EBITDA mio. EUR 9.8 9.6 +0.2
EBIT mio. EUR 1.4 1.4 +0.0
Net profit after taxes mio. EUR -0.4 0.2 -0.6

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