KTM Group - first half unit sales down, revenue up
PIERER Mobility AG, parent company for KTM, Husqvarna and GasGas, has posted what it describes as a "strong performance in the first half of 2022" with revenue of € 1,154.1m (+7.1% vs. H1 2021) despite motorcycle unit sales being down by -7.2% at 163,334 units (a figure which includes the models sold by its partner Bajaj).
It is reporting sales of 51,417 e-bicycles and bicycles for the period, down by -3.1% compared to H1 2021. EBIT was down -9.6% for the first half of 2021 at € 92.8m. During the period, the global headcount increased by 768 to a total of 5,656 employees.
"Do you dare - the 2023 890 Adventure R is here to break travel barriers on or off the beaten track".
Despite ongoing supply chain issues, a total of 198,163 Powered Two-Wheelers (PTWs - motorcycles and e-bicycles) were sold worldwide (-8.1% year-on-year).
Growth was said to be particularly strong in North America, where 44,689 motorcycles were sold. This represented an increase of +47% compared to the first half of 2021. In Europe, supply chain issues were particularly acute with 61,435 motorcycles sold in the first half of the year (-15% year-on-year).
In Australia/New Zealand, 6,707 motorcycles were sold. In India, too, the lack of availability of parts led to a decline in the number of motorcycles sold to 18,251 units (previous year: 30,561). "Although the entire motorcycle market was affected by supply chain issues and recorded slightly declining rates of growth in the first half of 2022, the PIERER Mobility Group was able to largely stabilise its market shares in the global markets.
"In the European market, registrations of the three KTM, Husqvarna Motorcycles and GasGas brands reached a combined market share of 9.9%. This represents a decrease of
-1.8% compared to December 31, 2021.
"In North America (USA, Canada), the current market share of the Group with its three motorcycle brands is 10.6% (end of 2021, USA: 11.3%, Canada: 14.1 %)."
