Industry

KTM 2004/05 world business revue

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Business Year 2004/05 (Sep 1, 2004 ‰ÛÒ Aug 31, 2005):
  • Cooperation with Polaris Industries Inc. since July 2005
  • 12% higher group sales
  • Units: more than 80,000 motorcycles
  • Equity ratio: 39 %
  • Proposed dividend: ‰â 0.55 per share
Focus on POWER SPORTS vehicles KTM Power Sports AG (former CROSS Holding AG) acquired 100% of the shares in the KTM Group GmbH in several stages over the course of the business year 2004/05. This resulted in a company name change to KTM Power Sports AG, a new focus on the POWER SPORT segment as well as the sale of the participations that no longer belonged to the KTM group, such as Rosenbauer International AG. The increase of the KTM holdings enabled KTM Power Sports AG to fully consolidate its participation as of December 1, 2004. Due to the proportional consolidation in the first quarter of 2004/05 and the full consolidation of the KTM group in December 2004, a comparison with last years figures is not feasible. Cooperation with Polaris Industries Inc. The Polaris Group, based in Minneapolis, USA, acquired 24.9% of the shares in the KTM Power Sports AG during the past business year. A number of joint-venture projects were defined at the operative level with the KTM-Sportmotorcycle AG and their implementation begun. Group Sales of KTM Power Sports AG: ‰â 381.9 MM; +147% (KTM Group GmbH: ‰â 451.2 MM, +12% ) Group sales of the KTM Group increased by 12 % to ‰â 451,2 MM, which resulted in group sales of KTM Power Sports AG of ‰â 381,9 MM (+147%). Along with volume growth, the rise in sales resulted from an improved model mix (2-cylinder models) and strong growth in the related products segment (spare parts/accessories, WP products). Group Sales (units) of the KTM group: 80,356 motorcycles, +5 % Sales did reach 80,356 units supported by the successful expansion in the on-road motorcycle market ‰ÛÒ launch of 990 Super Duke and 950 Supermoto. EBIT KTM Power Sports AG: ‰â 17.7 MM, +14% (KTM Group GmbH: ‰â 25.4 MM, -39%) EBIT reaches ‰â 17.7 MM (+14 %) during the course of the Business Year 2004/05. The negative foreign exchange impact led to a reduction of the gross margin, which only has been partially offset by the under proportional rise in overheads and the high acceptance of the new 2-cylinder models. Equity Ratio, 39.0% Highly welcome is the development of the equity, which amounts to 39.0 % of the balance sheet of KTM Power Sports AG. Positive Outlook KTM sees chances for growth in the 2005/06 business year as well, in which primarily new, attractive models and related products shall carry the future growth. First results are already anticipated in the 2005/06 business year from the cooperation agreement concluded with the Polaris Group, particularly regarding the expansion of the dealership network and the cooperation in purchasing. However, the spotlight of this cooperation shall be on the reduction of the EUR/USD risk through mutual product deliveries (‰ÛÏnatural hedge‰Û

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