Group Figures

Key financial performance indicators:

Earnings ratios1)20182019
202020212022
Revenuein m€
1,559.6
1,520.1
1,530.42,041.7
2,437.2
EBITDA in m€
252.2
240.8233.5332.2381.1
EBIT in m€
161.2
131.7
107.2193.5235.3
EBITDA marginin per cent
16.2%
15.8%15.3%16.3%
15.6%
EBIT marginin per cent
10.3%
8.7%7.0%9.5%9.7%

Other financial figures:

Earnings ratios 1)20182019202020212022
Earnings after taxesin m€114.295.769.5142.9170.6
Earnings after minoritiesin m€67.554.534.982.5169.9

Balance sheet ratios12/31/201812/31/201912/31/202012/31/202112/31/2022
Balance sheet totalin m€1,353.91,613.91,686.02,033.72,550.6
Equityin m€550.8618.6654.1765.6914.4
Equity ratioin per cent40.7%38.3%38.8%37.6%35.8%
Working capital employed 2)in m€245.3274.2181.5160.5186.7
Net debt 3)
in m€323.3395.8312.4189.9256.5
Gearing 4)
in per cent58.7%64.0%47.8%24.8%28.1%

Cash-Flow and capex20182019202020212022
Cash-Flow from operating activitiesin m€
85.5
257.4312.8367.4
280.3
Cash-Flow from investing activitiesin m€-102.1-165.7-147.0-195.1-283.1
Free cash flow 5)in m€-16.791.6165.8172.2-2.8
Cash-Flow from financing activitiesin m€-63.3-20.6-104.7-27.6-91.3
Capital expenditure 1) 6)in m€165.1148.9150.2178.5267.5

Value creation12/31/2018
12/31/201912/31/202012/31/2021
12/31/2022
ROCE (Return on capital employed 7)in per cent16.6%12.7%9.7%17.4%19.2%
ROE (Return on equity) 8)
in per cent21.2%16.4%10.9%20.1%20.3%
ROIC (Return on Invested Capital) 9)
in per cent13.6%10.6%7.7%13.0%15.5%

Stock exchange ratios 10)12/31/2018
12/31/2019
12/31/202012/31/202112/31/2022
Share price as of Dec. 31; SIX Swiss Exchange11)in CHF
60.60
54.00
71.1094.067.10
Number of shares11)in m shares
22.54
22.5422.5433.8033.80
Market capitalizationin m CHF
1,365.84
1,217.091,602.503,176.872,267.75
Earnings per sharein €
2.99
2.42
1.563.345.03
Book value per share 12)in €
24.44
27.4529.0222.6527.06

Non-financials key performance indicators:

20182019202020212022
Employees 13)headcount4,3034,3684,5865,2496,088
Unit sales motorcycles 14)number of units261,454280,099270,407332,881375,492
Unit sales e-bikesnumber of units--56,06476,91647,479
Unit sales Powered Two-Wheelers (PTWs) 15)number of units261,454280,099326,471409,797449,971
Unit sales bicycles (without electric drive)number of units--17,21325,83743,986
Unit sales total: motorcycles and (e)-bicyclesnumber of units261,454280,099343,684435,634493,957

Other non-financial figures:

20182019202020212022
Production motorcycles worldwide 16)number of units259,051260,564265,321323,931381,823
Production motorcycles in Mattighofen 17)number of units171,297160,098140,252178,992222,041
t CO2-e per vehicle sold (Scope 1-3)18)in t CO2-e3.843.833.672.923.74
Fleet emissions motorcycles 19)Ø in g/km81.8279.0978.6779.3679.59
Fleet consumptionØ in l/100 km3.523.413.393.413.39
Employees in R&D as % of total employeesin percent15.8018.1017.6018.6019.40
R&D expenses from revenuein percent8.709.109.008.008.70
Proportion of female employeesin percent22.9622.5922.3724.1625.43

 

1) Previous year 2018 also includes the discontinued operation (Pankl-Group).
2) Working capital employed = inventories + trade receivables – trade payables
3) Net debt = financial liabilities (current, non-current) – cash
4) Gearing = net debt / equity
5) Free cash flow = cash flow from operating activities + cash flow from investing activities
6) Additions to property, plant and equipment and intangible assets according to the schedule of investments, excluding lease additions (IFRS 16)
7) ROCE = EBIT / average capital employed Capital employed = Property, plant and equipment + goodwill + intangible assets + working capital employed
8) ROE = earnings after taxes / average equity
9) ROIC = NOPAT / average capital employed; NOPAT = EBIT – taxes
10) Since November 14th, 2016 listing on SIX Swiss Exchange
11) Reverse stock split in a ratio 10:1 in April 2018
12) Equity / number of shares
13) Number of employees on the reporting day (including temporary staff); Previous year 2018 also includes the discontinued operation (Pankl-Group)
14) Including motorcycles sold by partner Bajaj
15) Including motorcycles sold by partner Bajaj; excluding bicycles without electric drive
16) Since 2020 including offroad models produced by GASGAS in Spain, including small-engine KTM and Husqvarna models produced by partner Bajaj in India (also for the local market in India), including KTM street models produced by partner CKM in China (JV with CFMOTO) (also for the local market in China).
17) Annual production units at the headquarter in Austria, exluding X-BOW
18) Calculation exluding e-bicycles, adjusted retrospectively also for the year 2021.
19) CO2 fleet emissions increased by only 0.06 g/km in the reporting year, due to the unabated strong growth in sales of ICE models with medium annd large displacements (> 500cm3). The incorrectly recorded CO2 emission value of a KTM model from partner Bajaj was adjusted retrospectively for the reporting years 2021 and 2020.

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