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KTM READY TO RACE FURTHER AHEAD

Europe’s largest motorcycle manufacturer, KTM Industries, has revealed yet another set of record revenue, profit and bike sales figures in its half-year preliminary results statement. BDN financial editor Roger Willis reports.

Revenue for the first six months of 2018 grew by 8.3% to £730m. Operating profit was 19.1% up at £69.6m and operating margin improved from 8.7% to 9.5%. R&D investment rose by 17% to £33.7m. Net debt was 2.1% higher at £340.1m, despite KTM paying off a £53.3m bond with proceeds from the disposal of its Pankl subsidiary in June.

During the period, global unit sales for the KTM and Husqvarna brands increased by 14.7% to a total of 126,808 motorcycles. The company claimed a 36% surge in European registrations to take an 11.3% market share, but unaccustomed modesty precluded revelation of the actual numbers involved.

For the second half of 2018, KTM Industries forecasts a continuing positive growth trend.

 

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