KTM Reports 2009-2010 Results
Austrian manufacturer returns to profitability
KTM’s latest fiscal report covers 16 months as the Austrian company realigns its fiscal year to match the calendar year, so direct year-on-year comparisons can be misleading. Nevertheless, KTM’s fiscal report can be described as positive with a net profit of 14.0 million euros (US$19.7 million) compared to a loss of 81.4 million euros (US$114.7) announced from its previous fiscal report.
Vehicle sales, including motorcycles, sport minicycles, ATVs and the KTM X-Bow, totaled 85,543 units, a 33.5% increase from the 64,080 units sold from Sept. 1, 2008-Oct. 31, 2009. Off-road motorcycles remain KTM’s specialty with 54,838 units sold, up 50.9% from the previous fiscal report’s 36,331 units. KTM street bikes rose a more modest 19% to 18,531 units from 15,528 units.
North American sales totaled 113.4 million euros (US$159.8 million), up 28% from 88.6 million euros (US$124.7 million). The U.S. remains KTM’s largest single market, representing 18.1% of total sales revenue, followed by France at 10.1%, Italy at 9.7% and Germany at 9.1%.
Looking ahead, KTM predicts increased sales in 2011 due to the strength of its enduro models and the impending launch of the 125 Duke in Europe, India, Brazil and Malaysia.