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ANOTHER RECORD FOR KTM

For Europe’s largest motorcycle manufacturer, its “ready to race” slogan clearly applies to business performance as well as the bikes, according to financial results for the nine months of 2016 to 30 September.

Revenue from KTM motorcycle operations during this three-quarterly period rose by 12% to £717.6m on the back of sales volume also increasing by 12% to 151,621 bikes. That tally included KTM-badged machines sold in India by manufacturing and equity partner Bajaj. Associated operating profit was 3.7% up to £66.6m with an operating margin of 9.3%. Net profit grew by 6.7% to £45.8m.

Motorcycle suspension brand WP, which is also part of the KTM Industries parent, did well too. Revenue in this sector increased by 14% to £102.2m. Operating profit was 28.7% up to £7.9m and net profit rose by 41.8% to £6.6m.

For KTM Industries as a whole, revenue improved by 9.7% to £844.9m. Operating profit added 6.8% to £80.9m and net profit stacked on 21.2% to £51.8m. 

 

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