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Wednesday, January 20, 2016

KTM Exceeds €1 Billion in Revenue



KTM is, undoubtedly, one of the strongest players in the motorcycle industry, and the economic figures for 2015 are quite significant as to the Austrian company's prowess. In 2015, KTM surpassed the €1 billion milestone, with revenue that summed €1.02B, a growth of 18 percent over the 2014 figures.
Profitability also increased for the house of Mattighofen, as the number of motorcycles sold worldwide went up 14%, reaching the 180,801 mark. Profits went up 26%, reaching €95 million (EBIT), and it looks like the future years are going to be even better.

We had an exclusive interview with KTM at Milan last November and Mr. Kuttruf told us that the company was growing and spending big bucks on building new assembly facilities. In 2015, KTM spent €110 mil in investments, a whopping 30% more than in 2014, and you can bet this will reflect in the figures from 2016 and 2017, to say the least.

The number of employees also on the rise, most of the new ones are located in Austria
KTM also extended the ranks of their employees, with 2,515 people employed by the Austrian manufacturer worldwide at the end of the year. Most of the new workplaces were created in Austria (338), with the rest of them spread around the world.

The Austrian maker includes both KTM and Husqvarna sales in the yearly report, and we can expect the 2016 figures to grow even more, because both brands are dishing out new models this year. 

Moreover, KTM has also fired up production in Brazil, and no less than five models are being manufactured at the plant in Manaus. They are not only winning competitions in the South American countries but are complementing the entire range of KTM bikes, from the cheapest to the premium machines. "You can go in a KTM shop in Sao Paolo or in Rio, and it looks like the one in Salzburg (an Austrian city, red.). The entire KTM product range is available there, with five models made in our plant in Manaus. 

"On the street side, we make there the 200 Duke and 390 Duke, the two main drivers of the business in emerging markets. We also make three off-road models in Brazil, both 2-stroke and 4-stroke bikes," Mr, Kuttruf tells us.


Source: Autoevelution
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Item Reviewed: KTM Exceeds €1 Billion in Revenue Description: Rating: 5 Reviewed By: Sheldon Dcruz
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