General information about KTM Industries AG share

Since 14 November 2016, the shares of KTM Industries AG have been primary listed in the International Reporting Standard of SIX Swiss Exchange. On 29 March 2017, the shares of KTM Industries AG were included in the Swiss Performance Index (SPI) of SIX Swiss Exchange. Furthermore, the shares of KTM Industries AG are also listed on the Vienna Stock Exchange. Following the withdrawal from the prime market segment of the Vienna Stock Exchange, the shares of KTM Industries AG were initially traded in the “standard market” segment; since 28 April 2017, the shares have been listed in the “standard market auction” segment.

Share Broker

The support provided by investment banks is an important element of the comprehensive investor relations activities of KTM Industries AG and is of particular importance for the perception of KTM Industries shares with investors.

KTM Industries has selected Bank Vontobel as preferred broker for KTM Industries shares. For any inquiries related to the purchase or sale of KTM Industries shares please contact:
Bank Vontobel AG
Sales Trading Desk: +41 58 283 56 77

Ownership structures

62 percent of KTM Industries AG is owned by Pierer Industrie AG, Wels, Austria. The free float is around 38 percent.

Pierer Industrie AG

Free Float

Coverage

BrokerRecommendationDay Target Last Update
Bank VontobelBuy112 CHFJune 2018

Legal Disclaimer:
This announcement is provided for information purposes only. This announcement does neither constitute an offer to sell nor an intimation to submit a proposal for the acquisition of securities of KTM Industries AG. This announcement is not intended for release, publication or distribution, directly or indirectly, in whole or in part, into or within the United States, Australia, Canada, Japan or South Africa or any other jurisdiction where it is unlawful to distribute this announcement.

Preview

Short- and mid-term guidanceFC 20182021
Revenue in EUR / Revenue growth~ 1.570 Millionen9 – 11% CAGR 2018-21
Number of motorcycles sold1) ~ 265.000> 360.000 units
EBIT in EUR / EBIT margin>160 Millionen8 - 10 %
Capex2) / sales in EUR / %~ 165 Millionen 8 - 10 %
Net debt / EBITDA1,0 – 1,2x < 1,0 x
ROIC12 – 13%10 – 12%
Dividend policyStable and conservative payout levelStable and conservative payout level

Targeted sales of more than 400,000 motorcycles1) in 2022 confirmed

1)  Including units distributed by Bajaj
2)  Definition: Additions of property, plant & equipment (PP&E) and intangible assets according to the fixed assets schedule

Guidance 2018-2021

Key Figures

Earnings ratios 20132014201520162017Chg. in %
Revenuein m€
910,6
1 086,3
1 223,6
1 343,0
1 533,0
14
EBITDA in m€
116,7
148,1
178,4
198,4
218,9
10
EBIT in m€
65,9
93,0
112,9
122,3
132,5
8
Earnings after taxesin m€
31,7
57,0
65,0
89,0
83,9
-6
EBITDA marginin %
12,8%
13,6%
14,6%
14,8%
14,3%
EBIT marginin %
7,2%
8,6%
9,2%
9,1%
8,6%
Balance sheet ratios 12/31/201312/31/201412/31/201512/31/201612/31/2017Chg. in %
Balance sheet totalin m€939,21 031,11 175,91 423,81 465,23
Equityin m€308,5370,9386,6454,9528,616
Equity ratioin %32,8%36,0%32,9%32,0%36,1%
Working capital employed 1)in m€180,4206,8243,3245,2238,4-3
Net debt 2)
in m€342,7315,1387,4364,6375,03
Gearing 3)
in %111,1%85,0%100,2%80,1%70,9%
Cash flow and capex 20132014201520162017Chg. in %
Cash flow from operating activitiesin m€
64,1
82,4
106,9
167,8
161,3
-4
Cash flow from investing activitiesin m€-41,0-72,0-110,1-158,8-154,0-3
Cash flow from financing activitiesin m€-23,632,750,7139,2-118,0<100
Capital expenditure 4)in m€96,4108,4133,0144,4178,624
Employees 12/31/2013
12/31/2014
12/31/2015
12/31/2016
12/31/2017
Chg. in %
Number of employees as of balance sheet date 5)Anzahl4 0844 1824 5535 0695 88716
Value creation 12/31/2013
12/31/2014
12/31/2015
12/31/2016
12/31/2017
ROCE (Return on capital employed) 6)in %9,9%12,9%14,2%13,9%13,9%
ROE (Return on equity) 7)
in %10,8%16,8%17,2%21,2%17,1%
Stock exchange ratios 8) ---12/31/2016
12/31/2017
Chg. in %
Share price as of 31 Dec.; SIX Swiss Exchangein CHF
5,35 CHF
7,39 CHF
38
Number of shares issuedin m shares
225,39
225,39
-
Market capitalizationin m CHF
1 205,82
1 665,61
38
Earnings per sharein €
0,23
0,20
-13
Book value per share 9)in €
2,02
2,35
16

 

1) Working capital = stock + trade receivables – trade payables
2) Net financial debt = financial liabilities (current, non-current) – cash
3) Gearing = net financial debt/equity
4) Additions from property, plant and equipment and intangible assets according to schedule of investments
5) Number of employees on the reporting date (including temporary staff)
6) ROCE: EBIT/average capital employed
7) ROE = net result after tax/average equity
8) since Nov. 14, 2016 Listing on SIX Swiss Exchange
9) Equity / Number of shares

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