Austria's KTM Power Sports AG said net income for the period from September 1, 2005 to May 31, 2006 was 11.6 million euro, up 76 percent from net income of 6.6 million euro during the same nine-month period in the prior year. KTM's fiscal year ends August 31.
Sales during the first three quarters of the fiscal year totaled 350.5 million euro, up 42 percent compared to sales of 247 million euro in the prior year period.
KTM officials said results came from higher productivity, beneficial currency exchange rates, lower production costs and a better product mix.
KTM expects to close the year with a double-digit sales increase. The company had worldwide sales of approximately $531 million in 2005, up from $490 million in 2004.
KTM North America's annual business meeting is scheduled for Aug. 29-31 in Portland, Ore.
In other news from KTM North America, the company has selected PowerSports Network (PSN) as its preferred website vendor for KTM Dealer Web Sites across North America. The PSN Dealer Web Site program for KTM dealers includes a complete Dealer Web Site with comprehensive Vehicle Showrooms, eCommerce capabilities and Integrated Lead Management, plus inclusion on the PowerSportsNetwork.com portal web site.
Optional available services include OEM Promotions, Dealer HTML Newsletters, Online Accessory Catalogs and more. The site content is easily updated and managed by the dealer with no web skills or special software required. Toll free customer support is provided by PSN's Customer Service Staff.
“The relationship between KTM and PSN allows KTM Dealers access to a complete web site solution for their dealership,” said Steve Weiner, Vice President/Principal of PowerSports Network. “Each dealer's web site will be customized to meet their specific needs, but will include a KTM Branded Exclusive Web Site that runs in parallel with their existing web site without additional expense or maintenance.”
PSN also offers KTM North America dealers preloaded KTM Accessory Catalogs for eCommerce as well as the potential to have the complete KTM Parts Fiche online for their customers.
For more information, visit www.powersportsnetwork.org
Copyright 2006 Powersports Business