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KTM Reports 2009-2010 Results

Austrian manufacturer returns to profitability

KTM reported a return to profitability in its fiscal report covering the period from Sept. 1, 2009 to Dec. 31, 2010.

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%.

KTM 125 Duke

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.

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