KTM Reports Q1 2014 Sales Results
KTM reported a record year in 2013, but the Austrian company does not appear to be slowing down in 2014. KTM claims sales of 32,994 motorcycles over the first three months of the year, an impressive 26.8% increase over the same period in 2013.
Considering KTM sold a record 123,859 all of last year, the impressive start bodes well for another attempt at a sales record in 2014.
Sales revenues also saw an impressive 20.4% increase compared to last year, increasing to €196.9 million (US$272.1 million) from €163.5 million. Even more impressively, KTM reports Earnings Before Interest and Taxes of €14.6 million, compared to €4.1 million last year.
KTM expects further sales and revenue increases through the rest of 2014, thanks to its expansion plans in Asia and South America. In March, KTM opened a new production facility in China with Chinese manufacturer CF-Moto. The facility will assemble 200 and 390 Duke models for the Chinese market.
[Source: KTM; Photo by Schedl R.]