KTM reports 10 percent increase in new unit sales
An increase in new unit sales has fueled KTM Power Sports AG’s rise in revenue and net income.
The manufacturer reported a 10 percent boost in new unit sales in its recently released third-quarter financial report. Together with that increase came a 14.4 percent rise in revenue and nearly a 30 percent boost in its net income to euro $15.1 million ($20.8 million).
The company said its street segment sales were especially strong in the third quarter, helping it to gain market share after the introduction of the 690 Supermoto and the 990 Super Duke, the latter of which is already sold out.
KTM also reports a rising business for its OEM motors and related products.
For more on the KTM financial report, see the Aug. 13 edition of Powersports Business.
