Group figures

Key financial performance indicators:
Earnings ratios
2018
2019
2020
2021
2022
Revenue
in m€
1,559.6
1,520.1
1,530.4
2,041.7
2,437.2
EBITDA
in m€
252.2
240.8
233.5
332.2
381.1
EBIT
in m€
161.2
131.7
107.2
193.5
235.3
EBITDA margin
in per cent
16.2%
15.8%
15.3%
16.3%
15.6%
EBIT margin
in per cent
10.3%
8.7%
7.0%
9.5%
9.7%
Other financial figures:
Earnings ratios 1
2018
2019
2020
2021
2022
Earnings after taxes
in m€
114.2
95.7
69.5
142.9
170.6
Earnings after minorities
in m€
67.5
54.5
34.9
82.5
169.9
Balance sheet ratios
12/31/2018
12/31/2019
12/31/2020
12/31/2021
12/31/2022
Balance sheet total
in m€
1,353.9
1,613.9
1,686.0
2,033.7
2,550.6
Equity
in m€
550.8
618.6
654.1
765.6
914.4
Equity ratio
in per cent
40.7%
38.3%
38.8%
37.6%
35.8%
Working capital employed 2
in m€
245.3
274.2
181.5
160.5
186.7
Net debt 3
in m€
323.3
395.8
312.4
189.9
256.5
Gearing 4
in per cent
58.7%
64.0%
47.8%
24.8%
28.1%
Cash-Flow and capex
2018
2019
2020
2021
2022
Cash-Flow from operating activities
in m€
85.5
257.4
312.8
367.4
280.3
Cash-Flow from investing activities
in m€
-102.1
-165.7
-147.0
-195.1
-283.1
Free cash flow 5
in m€
-16.7
91.6
165.8
172.2
-2.8
Cash-Flow from financing activities
in m€
-63.3
-20.6
-104.7
-27.6
-91.3
Capital expenditure 1 6
in m€
165.1
148.9
150.2
178.5
267.5
Value creation
12/31/2018
12/31/2019
12/31/2020
12/31/2021
12/31/2022
ROCE (Return on capital employed) 7
in per cent
16.6%
12.7%
9.7%
17.4%
19.2%
ROE (Return on equity) 8
in per cent
21.2%
16.4%
10.9%
20.1%
20.03%
ROIC (Return on Invested Capital) 9
in per cent
13.6%
10.6%
7.7%
13.0%
15.5%
Stock exchange ratios10
12/31/2018
12/31/2019
12/31/2020
12/31/2021
12/31/2022
Share price as of Dec. 31; SIX Swiss Exchange 11
in CHF
60.60
54.00
71.10
94.0
67.10
Number of shares 11
in m shares
22.54
22.54
22.54
33.80
33.80
Market capitalization
in m CHF
1,365.84
1,217.09
1,602.50
3,176.87
2,267.75
Earnings per share 13
in €
2.99
2.42
1.56
3.34
5.03
Book value per share 12
in €
24.44
27.45
29.02
22.65
27.06
Non-financials key performance indicators:
2018
2019
2020
2021
2022
Employees 13
Headcount
4,303
4,368
4,586
5,249
6,088
Unit sales motorcycles 14
Number of units
261,454
280,099
270,407
332,881
375,492
Unit sales e-bikes
Number of units
-
-
56,064
76,916
47,479
Unit sales Powered Two-Wheelers (PTWs) 16
Number of units
261,454
280,099
326,471
409,797
449,971
Unit sales bicycles (without electric drive)
Number of units
-
-
17,213
25,837
43,986
Unit sales total: motorcycles and (e)-bicycles
Number of units
261,454
280,099
343,684
435,634
493,957
Other non-financial figures:
2018
2019
2020
2021
2022
Production motorcycles worldwide 16
Number of units
259,051
260,564
265,321
323,931
381,823
Production motorcycles in Mattighofen 17
Number of units
171,297
160,098
140,252
178,992
222,041
t CO2-e per vehicle sold (Scope 1-3)^18
in t CO2-e
3.84
3.83
3.67
2.92
3.74
Fleet emissions motorcycles 19
Ø in g/km
81.82
79.09
78.67
79.36
79.59
Fleet consumption
Ø in l/100 km
3.52
3.41
3.39
3.41
3.39
Employees in R&D as % of total employees
in per cent
15.80
18.10
17.60
18.60
19.40
R&D expenses from revenue
in per cent
8.70
9.10
9.00
8.00
8.70
Proportion of female employees
in per cent
22.96
22.59
22.37
24.16
25.43

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.