Austria’s KTM, the largest motorcycle manufacturer in Europe, has declared a fourth consecutive record performance for its 2014 financial year.
Revenue for the 12-month period to 31 December rose by 20.7 per cent to £648.8m. Resultant operating profit grew by 37 per cent to an estimated £56.3m. During the year, wholesale shipments to dealers worldwide increased by 28.2 per cent to 158,760 KTM and Husqvarna-branded motorcycles — substantially outpacing nearest European rival BMW Motorrad.
The company raised annual investment at its Austrian Mattighofen and Munderfing sites by 46.6 per cent to £63.8m in 2014, with the number of employees climbing by 294 to a total workforce of 2143 people.
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