KTM Achieves Strong Growth

IndustrialsAutomotive ♦ Published: July 28, 2011; 11:34 ♦ (Vindobona)

The Austrian motorcycle manufacturer reported a positive development in the first half of 2011. Turnover increased by 24%; EBIT went up 18%.

KTM Achieves Strong Growth / Picture: © KTM

Despite a volatile motorcycle market in Europe and the USA, KTM managed to increase turnover to € 263.0m (+24%) and sales to 36,840 motorcycles (+41%) in the first half of 2011. Stefan Pierer, Chairman of the Executive Board of KTM Power Sports AG announced that the market launch of the Duke 125 and the new Enduro Competition generation significantly contributed to the satisfactory…