KTM Industries AG

KTM Industries publishes annual financial report 2017 - Seite 2

Positive outlook for 2018
The KTM Industries Group will continue to focus on organic growth in all of its core areas during the 2018 financial year. The management expects the growth course to continue with the market launch of the first Husqvarna road motorcycles (Vitpilen 401/701 and Svartpilen 401) and the KTM twin-cylinder models (790 Duke), plus the extension of the strategic partnerships with production sites in India and also in China in the future, and has therefore adjusted the medium-term guidance.

The management expects positive business development to continue in 2018. The investment volumes in 2018 will also be once again dominated by the focus on series development of new vehicle models and investments in infrastructure and expansion.

KTM Industries AG has set itself the target of achieving annual sales of 400,000 motorcycles by the 2022 financial year.

About KTM Industries Group
The KTM Industries Group is a leading European vehicle group with a strategic focus on the global sports motorcycle segment and the automotive high tech components segment. With its worldwide renowned brands KTM, Husqvarna Motorcycles, WP and Pankl the group is among the technology and market leaders. Within the group there is a high degree of technological network, which is, in this form, unique in Europe. Strategic partnerships at an operational level strengthen the competitiveness in its respective markets. All these factors are the basis for the high innovation level of KTM Industries Group and ensure the organic growth course sustainably. You will find further information under www.ktm-industries.com, www.ktmgroup.com, www.wp-group.com and www.pankl.com.

Key figures 2017 of KTM Industries Group (consolidated)

Earnings figures		2016	2017		Chg. in %
Revenue	mEur	1,343.0	1,533.0		14%
EBITDA	mEur	198.4	218.9		10%
EBIT	mEur	122.3	132.5		8%
Earnings after taxes	mEur	89.0	83.9		-6%
Earnings after minorities	mEur	52.1	44.7		-14%
EBITDA margin	in %	14.8%	14.3%
EBIT margin	in %	9.1%	8.6%
Balance sheet figures		31.12.2016	31.12.2017		Chg. in %
Balance sheet total	mEur	1,423.8	1,465.2		3%
Equity	mEur	454.9	528.6		16%
Equity ratio	in %	32.0%	36.1%
Working Capital Employed	mEur	245.2	238.4		-3%
Net debt	mEur	364.6	375.0		3%
Gearing	in %	80.1%	70.9%
Net debt / EBITDA		1.8x	1.7x
Cash flow and investments		2016	2017		Chg. in %
Cash flow from operating activities	mEur	167.8	161.3		-4%
Cash flow from investing activities	mEur	-158.8	-154.0		-3%
Investments	mEur	144.4	178.6		24%
Employees		31.12.2016	31.12.2017		Chg. in %
Employees	Number	5,069	5,887		16%

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