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| 23.04.2009 |
| On track on rocky ground |
| Market development confirms the capacity adjustments carried out and now completed were right
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Mattighofen, April 23, 2009
1. HY 2008-09
 | Sales: EUR 222.9 million (down 22.6% from previous year)
| | EBIT: EUR -9.0 million
| | Vehicle sales: 32,034
| | Capital increased |
Business development
The Sportmotorcycle Division finished making the capacity adjustments and staff cuts that proved necessary as a result at the end of April. "Our new reduced working hours scheme will mean that we can largely prevent further cutbacks. We can also create liquidity by reducing the dealer stocks and KTM stock as planned. It has a rocky ground, but we are on track," says Stefan Pierer, CEO of KTM Power Sports AG.
The Sportcar Division responded to the current market trends and began resizing, which will be completed by the end of July. Central operations, such as procurement, marketing, sales and administration will move to headquarters in Mattighofen. Centralization will enable synergies to be exploited to a greater extent in the future.
Market shares increased
Despite the difficult economic situation, especially for the automotive and motorcycle industry, KTM has succeeded in substantially increasing shares in the total European market to 5.2% since the beginning of the fiscal.
Sustainable development projects
To ensure sustainable development of the model range, the company is investing in Research & Development as planned. Key projects are the development of an electric powered Enduro and the development of a new small-engined street motorcycle together with Bajaj Auto Ltd. The first model of the 125 cc street motorcycle destined for the European market will be presented at the EICMA international motorcycle exhibition in Milan in November. The model for the Indian and emerging markets will be unveiled at the Delhi motor show in January 2010. These projects will point the way towards the development of other models and vehicles with new drive concepts for off-road and urban use. ++++
The semi annual financial report of 2008/09 is available for download on our website www.ktm.com under the section “Investor Relations >> Investor Relations >> Reports”.
About KTM Power Sports AG
KTM Power Sports AG is a worldwide leading manufacturer of power sports vehicles. KTM has won more than 160 World Championship titles and eight times the Rally Dakar. KTM Power Sports AG includes the Sportmotorcycle and the Sportcar division. The KTM-Sportmotorcycle AG, develops and manufactures competition off-road and street motorcycles. KTM-Sportcar Produktions GmbH builds the light-weight sports car X-Bow, KTM’s first step into the automotive field. With more than 1,960 employees, the KTM group earned a revenue of 605.7 million EUR in fiscal year 2007/08. Over 19 sales subsidiaries and five joint ventures distribute KTM products to their 1,400 independent KTM dealerships worldwide.
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 | | Stefan Pierer, CEO of KTM Power Sports AG
|  | | KTM 990 SM T
|  | | KTM 1190 RC8 R |
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