- Revenues: 1.0 bn€ / + 10% to previous year
- EBIT: 95.8 m€ / + 7% to previous year
- Further acquisitions of shares in Pankl Racing Systems AG
- Positive outlook for the remaining business year 2016
Revenues and earnings increased in the first three quarters 2016
In the first three quarters KTM Industries Group achieved record revenues in the amount of 1.0 bn€ (+10%) after 912.8 m€ in the previous year. The EBIT amounted to 95.8 m€ (+7%) after 89.7 m€ in the previous year. The earnings for the period increased from 50.7 m€ to 61.4 m€ (+21%). The growth in revenues was primarily driven by the positive development of the operating companies KTM AG, WP AG and Pankl Racing Systems AG, which were, in the first three quarters 2016, above the previous year’s level concerning revenues and EBIT.
During the first nine months 2016 the operating companies achieved the following revenues and earnings (in m€):
|Pankl Racing Systems AG||138.6||10.2|
Due to the positive development of the group, additional 443 employees could be hired in the first three quarters 2016, thereof 374 in Austria. As of September 30, 2016 the number of employees amounted to 4,996.
Further acquisitions of shares in Pankl Racing Systems AG
The current business year was also characterized by additional acquisitions of shares in Pankl Racing Systems AG, which thereby strengthens its strategic position effectively within the KTM Industries Group. In the first nine months KTM Industries AG increased its current share Pankl Racing Systems AG from previous 55.9% to 92.6%.
Positive outlook for the remaining business year 2016
For the remaining business year 2016 KTM Industries Group expects further organic growth in its core areas. Based on the current order situation, the Management assumes a continuing positive development of the business performance. The Group expects revenues of about 1.3 bn€ and an EBIT between 115 and 120 m€.
|Earnings figures||Q1-3 2015||Q1-3 2016||Chg. in %|
|Balance sheet figures||Dec. 31, 2015||Sep 30, 2016||Chg. in %|
|Balance sheet total||m€||1,177.6||1,342.9||14|