Europe’s biggest motorcycle manufacturer KTM has announced all-time record results for its 2013 financial year.
Global sales volume rose by 15.6 per cent to 123,859 bikes, including machines made and sold in India by KTM’s production partner Bajaj. Revenue increased by 17.1 per cent to £598.9m, excluding Bajaj’s Indian turnover from KTM-branded product sales.Â
Operating profit (with a Bajaj contribution) for the 12 months was up by 49.5 per cent to £45.9m. Net profit grew by 44.3 per cent to £30.5m.
KTM achieved an 8.5 per cent share of the total European motorcycle market. The company’s headcount rose 8.6 per cent, adding 147 staff. Its workforce now stands at 1,849 employees, including 75 apprentices.
A production capacity hike to more than 100,000 units annually at KTM’s Austrian headquarters in Mattighofen is planned for 2014 and the company says it anticipates further growth in unit sales volume and revenue during the current business year.