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21st Austria weekly - KTM Industries (26/08/2019)

01.09.2019

KTM Industries: KTM Industries AG Group is Europe's leading manufacturer of "powered two-wheelers", producing in series all drive technologies, from combustion engines to electric motors. Under the umbrella of the KTM Industries-Group, upcoming brands such as "Husqvarna Motorcycles", "Husqvarna Bicycles" and "Raymon" and the component brand "WP", appear alongside the core brand "KTM"; these emerging brands are becoming increasingly important, especially considering the developments in the e-mobility sector. Therefore, the Executive Board of KTM Industries AG has taken the decision to rename the parent company of the group into PIERER Mobility AG - without naming a single brand - and thus to express the strong role of the majority shareholder in the name of the company. The Group continued its growth in the first half of 2019, registering Group revenue of Euro 754.9 mn. This corresponds to growth of +4.2 % compared with the same period during the previous year*) and lies at the upper end of our expectations. With a total of 135,711 (+7 % compared to the previous year) motorcycles sold in the first half of the year - 115,318 KTM motorcycles and 20,393 Husqvarna motorcycles - the Group strengthened its position as Europe's largest motorcycle manufacturer. At Euro 46.6 mn, earnings before interest and taxes (EBIT) in the first half of 2019 were significantly over budget. For the 2019 financial year, the Executive Board expects consolidated sales growth (continued operation) of 3 - 5 % and operating EBIT of over Euro 130 mn. As a result of the measures taken in the first half of the year to reduce the working capital, the free cash flow will be above the guidance.
KTM Industries: weekly performance: 3.00%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (26/08/2019)


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21st Austria weekly - KTM Industries (26/08/2019)


01.09.2019, 1816 Zeichen



KTM Industries: KTM Industries AG Group is Europe's leading manufacturer of "powered two-wheelers", producing in series all drive technologies, from combustion engines to electric motors. Under the umbrella of the KTM Industries-Group, upcoming brands such as "Husqvarna Motorcycles", "Husqvarna Bicycles" and "Raymon" and the component brand "WP", appear alongside the core brand "KTM"; these emerging brands are becoming increasingly important, especially considering the developments in the e-mobility sector. Therefore, the Executive Board of KTM Industries AG has taken the decision to rename the parent company of the group into PIERER Mobility AG - without naming a single brand - and thus to express the strong role of the majority shareholder in the name of the company. The Group continued its growth in the first half of 2019, registering Group revenue of Euro 754.9 mn. This corresponds to growth of +4.2 % compared with the same period during the previous year*) and lies at the upper end of our expectations. With a total of 135,711 (+7 % compared to the previous year) motorcycles sold in the first half of the year - 115,318 KTM motorcycles and 20,393 Husqvarna motorcycles - the Group strengthened its position as Europe's largest motorcycle manufacturer. At Euro 46.6 mn, earnings before interest and taxes (EBIT) in the first half of 2019 were significantly over budget. For the 2019 financial year, the Executive Board expects consolidated sales growth (continued operation) of 3 - 5 % and operating EBIT of over Euro 130 mn. As a result of the measures taken in the first half of the year to reduce the working capital, the free cash flow will be above the guidance.
KTM Industries: weekly performance: 3.00%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (26/08/2019)



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