KTM Industries AG, the parent company of KTM, Husqvarna and WP Suspension, has reported revenues of € 758.8 m for the first six months of 2017, +12 percent on the first half of 2016.
With a record 110,518 units for the period, motorcycle sales were + 11 percent over the first half of 2017 – “further strengthening our position as Europe’s largest motorcycle producer.”
The company says that after taking into account the budgeted costs of starting up their drivetrain production plant, the operating earnings (EBIT) of the first half 2017 are above the budget expectations and with € 65.8 m slightly below the previous year’s figure of € 69.6 m (-5%). The EBITDA is € 105.8 m and above the figures of the previous year.
“In the first half year 2017 the investment programme at the Austrian sites was continued,” the company says. “The sustainably high investments into the serial production development represent an essential success factor for the present and future success of the KTM Industries Group. Due to the strong production growth, an additional 417 employees were hired in the first half of 2017; 401 of them based in Austria.”
For the second half of 2017, the company expects a “continuing positive growth trend like in the first half year. In the 2017 financial year, the KTM Industries Group consistently focuses on organic growth in its core areas through further expansion of its market shares and global growth. The further development of cooperative technology projects and more intensive utilisation of synergy potentials will be driven forward within the Group divisions.”
The Management Board expects consolidated revenues of over € 1.5 bn and operating EBIT of over € 130 m for the 2017 full financial year.
