KTM Worldwide Cycle Sales Up 7%

KTM Power Sports AG, parent company of KTM-Sportmotorcycle AG and KTM-Sportcar AG, says it ended its fiscal year Aug. 31 with revenue of 566.1 million Euro, or 12.2 percent growth compared to revenue of 504.5 million Euro last year.

KTM-Sportmotorcycle AG sold 90,306 bikes in the recently ended fiscal year, up 7 percent from 83,985 units sold last year.

KTM says the increases come from "sustained high demand for off-road models," an increase in sales of parts, garments and accessories, and the introduction of new street models such as the 690 Supermoto, 990 Super Duke R and 950 Supermoto R.

The Austria-based manufacturer supplies 18 sales subsidiaries that distribute KTM products to 1,400 dealerships worldwide.

KTM leadership says the company's main focus this year is on the development of more new and innovative products, the start of the X-Bow's production, and the expansion of facilities to allow for an increase in production.