Features
KTM reports profit, market share gains
Austria-based KTM Group reported a 14 million euro profit for its 16-month 2009-’10 fiscal year, which ran Sept. 1, 2009, to Dec. 31, 2010, according to the company.
The gain is an improvement over the 12-month period of 2008-’09, which saw an 81.4 million euro decrease. A 16-month period was used for 2009-’10 because the balance sheet was moved.
U.S. market share grew 1.5 percentage points to 3.6 percent, even though registrations in the country fell 18.2 percent to 482,159 vehicles. The United States accounted for an 18.1 percent share in sales in the 2009-’10 fiscal year, so it remains KTM’s largest single market.
For more on KTM’s fiscal year, see an upcoming edition of Powersports Business.
