KTM AG

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KTM AG

logo
legal form Corporation
ISIN AT0000KTMI02
founding 1992
Seat Mattighofen , AustriaAustriaAustria 
management
  • Rajiv Bajaj (Deputy Chairman of the Supervisory Board)
Number of employees 2616
sales 1.18 billion euros (2019)
Branch vehicle construction
Website www.ktm.com
As of December 31, 2019

KTM headquarters in Mattighofen

The KTM AG (formerly KTM Power Sports AG) is an international Austrian motorcycle - and sports car manufacturer . KTM initially made a name for itself in the industry with its off-road motorcycles (enduro and motocross), but has also been producing sporty street motorcycles in similar numbers for several years. The company has been the largest motorcycle manufacturer in Europe since 2012 and is considered the world market leader in off-road motorcycles.

KTM AG in its current form emerged in 2005 from the merger of Cross Holding with KTM-Sportmotorcycles GmbH, which was founded in 1992. The predecessor company, KTM Motor-Fahrzeugbau KG , was founded in 1934. Motorcycle production dates back to 1953.

Corporate structure

KTM is the umbrella company of the KTM Group and (part) owner of the various subsidiaries. It develops and produces the motorcycles of the KTM and Husqvarna brands as well as the X-Bow super sports car. The following subsidiaries belong to it:

  • KTM-Racing AG (Switzerland)
  • KTM-Sportmotorcycle India Private Ltd.
  • KTM Sportmotorcycle GmbH (100%, sales of motorcycles and spare parts)
  • Husqvarna Motorcycles GmbH (100%, sales)
  • KTM Sportcar GmbH (100%, production and sales of the KTM X-Bow sports car)
  • KTM Technologies GmbH (74%, services in the field of vehicle and product development)
  • KTM Immobilien GmbH (99%, owner of land and buildings of the KTM Group)
  • Kiska GmbH (24.9%, design company for the KTM group)

As of December 31, 2014, Cross Industries AG held 51.18%, Bajaj Auto Ltd. 47.99% of the shares in KTM AG, 0.83% of the shares were in free float. Cross Industries is majority owned by Pierer Industrie AG owned by KTM boss Stefan Pierer .

In October 2019, KTM took over 60% of the Spanish electrical bike manufacturer Torrot and its subsidiary, the manufacturer of trial and enduro motorcycles GasGas .

Business activity

Market position and sales structures

KTM development center in Mattighofen

There are 31 sales subsidiaries around the world, mainly in Europe, America and Asia. 24 of them belong to KTM Sportmotorcycle GmbH and seven to Husqvarna Motorcycles GmbH . There are also two joint ventures in Dubai and New Zealand.

On January 1, 2016, 102,806 KTM motorcycles were registered in Germany, which corresponds to a share of 2.4 percent. In 2015, 183,170 vehicles were sold worldwide. In 2017 the company sold most of its motorcycles to India.

Research and Development

Around every sixth company employee works in research and development (382 employees in 2015 - 6.7% of total sales). New developments are first tested as prototypes in racing and then go into series production.

history

overview

Hans Trunkenpolz and Ernst Kronreif in the 1950s

In 1934 Hans Trunkenpolz founded a locksmith and car workshop in Mattighofen . At the beginning of the 1950s, the letter sequence KTM appeared for the first time, which initially stood for K raftfahrzeuge T runkenpolz M attighofen , since partner Ernst Kronreif joined in 1955 for K ronreif T runkenpolz M attighofen . Series production of motorcycles began in 1954. In 1980 the company was renamed KTM Motor-Fahrzeugbau KG and in the mid-1980s achieved sales of over 50 million euros.

After the company came under severe economic pressure at the end of the 80s, it was split up and sold in 1992. The motorcycle division was re-established as KTM-Sportmotorcycles GmbH . The company initially specialized in the development and production of sporty off-road motorcycles. In 1994 the first street motorcycle was introduced with the 620 Duke . Since then this segment has become more and more important; today, a similar number of street and off-road models are sold. After sales had exceeded one billion schillings by the mid-1990s, a larger plant became necessary, which was opened in Mattighofen in September 1999. A new spare parts warehouse followed in 2001, a new development center in 2003 and a new administration building in 2004. A new engine plant went into operation in Munderfing in 2002.

In 2008 KTM presented its first superbike, the RC8 , as well as its first supercar, the X-Bow . In 2013, KTM took over Husqvarna Motorcycles GmbH and subsequently established Husqvarna as a second brand alongside KTM. KTM has been manufacturing MotoGP class motorcycles again since 2017.

Development of the corporate structure

The ownership structure of KTM has been subject to multiple restructuring since 1991. After KTM Motor-Fahrzeugbau KG became the property of the creditor banks in 1991, the company was sold in January 1992 for 55 million schillings (around 4 million euros) and re-established as KTM-Sportmotorcycles GmbH . The buyer was KTM Motorradholding GmbH , which was made up of Cross Holding and the four KTM importers from the Netherlands , Italy and the two Germans Toni Stöcklmeier and Helmut Staab. The cooler production was immediately sold to an Italian company. Bicycle production had already been outsourced and sold by the banks ( KTM Fahrrad GmbH ).

The KTM Sport Motorcycles GmbH took over 190 of the former 360 employees. In the following business year, 1992/93, 6,000 motorcycles were sold again. In 1993, Cross Holding bought the importers' shares in KTM Motorradholding GmbH and on November 11, 1994, KTM-Sportmotorcycles GmbH changed its name to an AG .

In 1994 the company had 212 employees. In 1995 the Swedish motorcycle manufacturer Husaberg and the Dutch chassis component manufacturer White Power Suspension were taken over. 12,000 motorcycles were sold in that year and sales exceeded the billion shilling mark (around 73 million euros). Annual sales rose to 18,000 motorcycles in 1996. The main export countries were Germany and the United States. From 1993 to 2016 KTM was listed on the Vienna Stock Exchange.

Restructuring and investment program

In 1999, Cross Beteiligungsverwaltungs-AG was founded, which took over 99.77% of the shares in KTM Sportmotorcycle AG and took them off the stock exchange in November 1999. The shareholders of Cross Beteiligungsverwaltungs-AG were Cross Holding (2%), Cross Beteiligungs AG (38.3%), Hofer Privatstiftung (10.8%) and the British finance company BC Partners (48.9%). The KTM motorcycle Holding GmbH , in which the KTM Sport Motorcycle AG was incorporated, was then in KTM Group renamed. The withdrawal from the stock exchange and the employment of a financial investor took place because the planned large investments in the following years would not have allowed a dividend to be distributed to the shareholders and a company profit was even questionable. The share price would have come under pressure and the company would have been a cheap takeover target.

In December 2004, Cross Holding bought back all of the shares in the KTM Group , with the exception of those in the Hofer Privatstiftung . Cross Holding now owned 89.2% of the shares and thus for the first time since 1999 again the majority in the company. It declared motorsport and All Terrain Vehicles (ATV) to be the new core business of Cross Holding and moved all other types of investments - i.e. all except KTM - to its parent company, Cross Industries AG, which is not listed on the stock exchange . On July 7, 2005, Cross Holding, which had been listed on the stock exchange since 2003, was finally renamed KTM Power Sports AG. After the shares in the Hofer private foundation had also been bought up, the KTM Group GmbH was dissolved on December 1, 2006 and its 99.79 percent stake in KTM Sportmotorcycle GmbH was transferred to KTM Power Sports AG.

In order to gain a foothold in the ATV market, KTM Power Sports subsequently looked for an investor with experience in this area and found him in 2005 in the US company Polaris Industries , which took over 24.9%. In 2006, KTM achieved sales of over 500 million euros for the first time with 84,000 motorcycles sold. In 2007, Polaris' stake in KTM fell to less than 5%. Meanwhile, the Indian vehicle manufacturer Bajaj Auto increased its share to over 14.6%, in spring 2008 it achieved a share of over 20%.

On April 20, 2012, the company name of KTM Power Sports AG was changed to "KTM AG" at the Annual General Meeting. The reason for this is the focus on the KTM brand - the name KTM AG has been valid since May 4, 2012 when it was entered in the commercial register. In May 2019, the KTM Motohall with an exhibition area of ​​2600 square meters was opened in Mattighofen. The permanent exhibition shows motorcycle models and the adventures of the motorsport heroes on 3 levels, the high-speed world of KTM. The state of Upper Austria supported the project from several funding sources. A cultural funding amounting to 1.8 million euros is examined by the state audit office. The President of the Upper Austrian Museum Association, Roman Sandgruber, calls the Motohall “a large advertising show, a sales hall with a collection of motorcycles. It could not be called a museum in any way, not even a company museum, as there is no historical embedding and connections to technical developments outside the KTM brand. "

Products

KTM is best known for the manufacture and sale of motorcycles. Originally known as a manufacturer of enduro and motocross models, KTM has also managed to make a name for itself in the field of sports and supersport motorcycles in recent years. KTM also supplies engines for racing series and chassis builders.

Motorcycle engines and models

At present (2017) KTM sells models in Europe with the following engines (not including competitor models):

design type Displacement Supersport
supermoto 		Naked bike Sports Tourer Travel enduros comment
V2 1301 cc
V2 1050 cc
R2 890 cc
  • 890 Duke
R2 799 cc A2 driving license with throttle
R1 690 cc A2 driving license with throttle
R1 373 cc A2 driving license
R1 124.7 cm³ Light motorcycles

Models available in Europe are highlighted in bold type.

Super athletes and sports tourers

1190 RC8
1290 Super Duke GT
  • Single cylinder 4 stroke engine
    • RC 125 (~ 125 cm³, 11 kW, 135 kg - light motorcycle)
    • RC 200 (~ 200 cm³, is currently not sold in Germany)
    • RC 390 (373 cm³, 32 kW, 147 kg, single-cylinder engine of the 390 Duke, a modified racing version is available for the ADAC Junior Cup , since 2014)
  • V2 engine

Travel enduros

1290 Super Adventure R

Naked bikes

1290 Super Duke R (Special Edition)

Supermoto

690 SMC-R

Road racing

(not to be operated in the area of ​​the Road Traffic Licensing Regulations )

Enduro

350 EXC-F
  • Single cylinder 2-stroke engines:
    • 125 XC-W (~ 125 cm³, 91 kg)
    • 150 XC-W (~ 150 cm³, 91.5 kg)
    • 125 EXC
    • 125 LC2
    • 200 EXC
    • 250 EXC (~ 249 cm³, 100 kg), 250 EXC Six Days (~ 249 cm³, 100.5 kg)
    • 300 EXC (~ 293 cm³, 100 kg), 300 EXC Six Days (~ 293 cm³, 100.5 kg)
  • Single cylinder 4-stroke engines:
    • 250 EXC-F (~ 250 cm³, 103 kg), 250 EXC-F Six Days (~ 250 cm³, 103.5 kg)
    • 350 EXC-F (~ 350 cm³, 104 kg), 350 EXC-F Six Days (~ 350 cm³, 104.5 kg)
    • 450 EXC
    • 450 EXC-F (~ 449 cm³, 106 kg), 450 EXC-F Six Days (~ 449 cm³, 106.5 kg)
    • 500 EXC (offroad)
    • 500 EXC-F (~ 510 cm³, 106.5 kg), 500 EXC-F Six Days (~ 510 cm³, 107 kg)
    • 640 LC4 Enduro → 690 Enduro R (690 cm³, 140 kg, StVZO-compliant)
    • Military motorcycles: 400 LS-E Military and 640 LS-E Military
  • Two-cylinder 4-stroke engines
    • 950 Super Enduro R (StVZO compliant)

Motocross (offroad)

450 SX-F
  • Single cylinder 2-stroke engines:
    • 50 SX (~ 49 cm³, 41.5 kg)
    • 65 SX (~ 65 cm³, 53 kg)
    • 85 SX 19/16 (~ 85 cm³, 68.5 kg), 85 SX 17/14 (~ 85 cm³, 67.5 kg)
    • 125 SX (~ 125 cm³, 87.2 kg)
    • 125 SXS
    • 150 SX (~ 144 cm³, 87.2 kg)
    • 200 SX
    • 250 SX (~ 249 cm³, 95.4 kg)
  • Single cylinder 4-stroke engines:
    • 250 SX-F (~ 250 cm³, 98.2 kg)
    • 350 SX-F (~ 350 cm³, 99.8 kg)
    • 450 SX-F (~ 450 cm³, 100.2 kg)

Freeride

Freeride 250 R

The freeride series is the combination of an enduro and a trial motorcycle and is characterized by a very light chassis and great good naturedness.

  • Freeride 250 R (single-cylinder 2-stroke engine, ~ 249 cm³, 92.5 kg, off-road)
  • Freeride 350 (single-cylinder 4-stroke engine, ~ 350 cm³, 99.5 kg, off-road)

E-ride

Freeride E-XC

The electrically powered models of a permanent magnet - synchronous motor in disk rotor design driven (11 kW rated power at 5500 revolutions per minute, 16 kW peak power at 4500 revolutions per minute).

  • Freeride E-SX (cross version, without lighting, 108 kg, offroad, since 2015)
  • Freeride E-XC (enduro version, with lighting, 108 kg, since 2015)
  • Freeride E-SM (street version, almost StVZO-compliant, 108 kg, supermoto version, since 2015)

Quads (offroad)

  • 525 XC (single-cylinder 4-stroke engine, 2008–2012)
  • 450 XC (single-cylinder 4-stroke engine, 2008-2009)
  • 505 SX (single-cylinder 4-stroke engine, 2009–2012)
  • 450 SX (single-cylinder 4-stroke engine, 2008-2010)

Sports car

  • KTM X-Bow ( super sports car , 1984 cc, four-cylinder in- line engine from Audi, since 2008) - The first KTM car was developed in 2006 in collaboration with the designers at Kiska GmbH. It has been mass-produced in its own production facility in Graz since 2008. It is the first production vehicle with a monocoque madeentirely from carbon fiber reinforced plastic .
    • X-Bow R
    • X-Bow RR
    • X-Bow GT
    • X-Bow GT4

  • X-Bow R

  • X-Bow RR

  • X-Bow GT4

Accessories and clothing

In addition to the vehicles, KTM sells various tuning and styling components for its motorcycles and the X-Bow under the Powerparts label . Functional and everyday clothing , accessories and merchandise are also offered under the name Powerwear .

Racing

KTM FRR 125 (Mika Kallio / GP Brno 2005)
2006 Supermoto World Champion in S1 class: Bernd Hiemer on a KTM
MotoGP machines from KTM

So far (as of November 2016) KTM has won over 260 world championship titles, making the manufacturer one of the most successful brands in motorcycle racing. In particular in the disciplines of Enduro (114 titles since 1990), Motocross (96 titles since 1974) and Cross Country Rallies (37 titles since 2003) numerous successes were recorded. Since Ryan Dungey won the Supercross World Championship in the 2015 season, KTM has also been represented in this segment.

At the Dakar Rally from 2001 to 2019 , the manufacturer was the winning machine in the motorcycle classification. There were also successes at the Atlas Rally , the Pharaohs Rally and the Optic 2000 in Tunisia, as well as at the Erzberg Rodeo .

Road racing

From 2003 to 2009 KTM also ran a works team in the 125 cm³ class of the motorcycle world championship , which is intended to underline KTM's ambitions to conquer the street motorcycle market as well. In the 2004 season , the Australian Casey Stoner was able to achieve the first victory in this class. In the 125cc World Championship in 2005 , all three KTM factory riders Mika Kallio , Julián Simón and Gábor Talmácsi won first place in the constructors' final championship . In April 2006 the first victory in a 250cc World Championship was finally achieved. In the 2006 season KTM started with a junior team in the 125cc World Championship. In the 2007 season , the KTM works team competed in the 250 World Championship with four motorcycles. The motorcycles were designed by Harald Bartol .

In the 2012 season , KTM returned to the new Moto3 class of the motorcycle world championship with a works team and won the first world title early with Sandro Cortese . The Spaniard Maverick Viñales became world champion with KTM in 2013.

KTM also supplies customer teams.

MotoGP

For 2017, the manufacturer announced the entry into the highest motorsport class on two wheels, the MotoGP. The prototype motorcycle received a V4 engine with a tubular space frame. The rollout was carried out by the former MotoGP racing driver Alex Hofmann .

Supermoto

In 2005, KTM rider Boris Chambon became world champion in class S2. Despite the withdrawal of the works team, Bernd Hiemer was able to win the world championship title in class S1 on a KTM in 2006. In 2007 KTM returned with a works team, Bernd Hiemer was signed for two years. In 2008, Hiemer was again able to secure the world championship title in the S1 class with a lead of over 30 points for KTM.

literature

  • Leo Keller: KTM: Motorcycles since 1953 (type compass) . Motorbuch Verlag, Stuttgart 2004, ISBN 3-613-02450-0 , p. 128 .
  • Leo Keller: Enduros & off-road motorcycles: Germany and Austria 1960–2006: European brands 1960–2006 (type compass) . Motorbuch Verlag, Stuttgart 2006, ISBN 3-613-02602-3 , p. 128 .
  • Friedrich F. Ehn: KTM world champion brand from Austria . Herbert Weishaupt Verlag, 2002, ISBN 3-7059-0034-X , p. 328 .
  • Phil Mather (transferred and edited by Udo Stünkel): Maintenance and repair - KTM EXC Enduro and SX Motocross - OHC four-stroke (2000-2007) . Delius Klasing Verlag, Bielefeld 2009, ISBN 978-3-7688-5276-0 .

Web links

Commons : KTM-Sportmotorcycles GmbH  - Collection of images, videos and audio files

Individual evidence

  1. ↑ cf. Company website (accessed November 26, 2016)
  2. ↑ Annual Report 2019. (PDF) In: ktmgroup.com. Retrieved April 16, 2020 .
  3. ↑ [1] , on ktmgroup.com
  4. ↑ a b KTM AG ANNUAL REPORT 2015 , p. 63 (accessed on November 26, 2016)
  5. ↑ KTM again with a record year: Number one in Europe , Salzburger Nachrichten , February 9, 2015 (accessed November 26, 2016)
  6. ↑ KTM's electric enduro rushes forward with Heinzmann disc motors ( memento from November 27, 2016 in the Internet Archive ), February 2012 (accessed on November 26, 2016)
  7. ↑ cf. Leo Keller: KTM: Motorcycles since 1953 (type compass). Motorbuch Verlag, Stuttgart 2004, ISBN 3-613-02450-0
  8. ↑ cf. KTM AG ANNUAL REPORT 2015 , p. 26, merger of KTM Motorrad AG into KTM AG in March 2015 (accessed on November 26, 2016)
  9. ↑ 2014 Annual Report (PDF) KTM AG, March 2015, p. 11 , accessed on April 14, 2015 .
  10. ↑ a b cf. Company Website - Our Structure (accessed November 26, 2016)
  11. ↑ KTM AG ownership structure rend-TOP-500: The most successful companies in Austria , News Networld Internet Service GmbH
  12. ↑ Stefan Pierer becomes almost sole owner of Cross Industries, KTM. ( Memento from May 13, 2014 in the Internet Archive ) Wirtschaftsblatt, April 11, 2014
  13. ↑ KTM takes over 60 percent of competitor GASGAS . Retrieved May 14, 2020. 
  14. ↑ Vehicle registrations (FZ) - Stock of passenger cars and motorcycles by brand or manufacturer January 1, 2016. (PDF) In: kba.de. Federal Motor Transport Authority, January 1, 2016, p. 9 , accessed on January 14, 2017 .
  15. ↑ cf. KTM AG ANNUAL REPORT 2015 , p. 7 (accessed on November 26, 2016)
  16. ↑ KTM-Pierer: "India is the market par excellence". Retrieved April 25, 2018 .
  17. ↑ cf. Company website - technology, research and development, motorsport (accessed November 26, 2016)
  18. ↑ a b cf. KTM history (accessed November 26, 2016)
  19. ↑ KTM and the way to MotoGP , July 26, 2016 (accessed November 26, 2016)
  20. ↑ a b c KTM bond folder (ZIP)  ( page can no longer be accessed , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. , KMG prospectus (PDF), April 29, 2004 p. 36 (link accessed on March 27, 2008)@1@ 2Template: Dead Link / www.ktm.com  
  21. ↑ a b Factory visit to KTM Der Heurige ( Memento from August 20, 2014 in the Internet Archive ), on motorradonline.de (page accessed on March 27, 2008)
  22. ↑ KTM was listed on the Swiss stock exchange , orf.at, November 15, 2016 (accessed November 26, 2016)
  23. ↑ Completed takeover procedure by KTM Sportmotorcycle AG ( Memento from June 18, 2008 in the Internet Archive ) , Austrian Takeover Commission, August 17, 1999 (page accessed on March 27, 2008)
  24. ↑ KMG prospectus, p. 105
  25. ↑ CROSS Holding AG becomes KTM Power Sports AG , Pressetext Austria, June 2, 2005
  26. ↑ 19th Annual General Meeting ( Memento of June 18, 2008 in the Internet Archive ), on hauptversammlung.at, agenda item 6 (page accessed on March 27, 2008)
  27. ↑ Bajaj Auto buys KTM from Austria's motorcycle [sic!] Producers , www.finanzen.net, January 11, 2008 (page accessed on March 27, 2008)
  28. ↑ Name change at KTM , press release KTM, May 8, 2012 (page accessed on July 11, 2012)
  29. ↑ KTM Motohall not a museum, judges the expert Sandgruber - derStandard.at. Retrieved September 14, 2019 (Austrian German).
  30. ↑ Neos: Cultural funding for KTM puts ÖVP in a crooked light - derStandard.at. Retrieved September 14, 2019 (Austrian German).
  31. ↑ KTM: Stefan Pierer tells the whole success story . Article dated May 10, 2019, accessed May 11, 2019.
  32. ↑ Upper Austrian News: KTM is building a monument with the Motohall . Article dated May 9, 2019, accessed May 11, 2019.
  33. ^ Excitement over millions in funding for the KTM Museum. In: Die Presse / APA. August 13, 2019, accessed August 13, 2019 .
  34. ↑ 1.8 million euros from the culture budget: Excitement over millions in funding for the KTM Museum. In: Small newspaper . August 13, 2019, accessed August 13, 2019 .
  35. ↑ KTM 250 Duke 2017 One of the kind. Retrieved February 14, 2020 .
  36. ↑ KTM Freeride E-SX 2017 Never say never. Retrieved February 14, 2020 .
  37. ↑ cf. X-Bow model page (accessed November 26, 2016)
  38. ↑ cf. ktm.com - Powerparts. Retrieved February 14, 2020 .
  39. ↑ ktm.com - Powerwear. Retrieved February 14, 2020 .
  40. ↑ cf. ktmgroup.com (accessed November 26, 2016)
  41. ↑ Ryan Dungey (KTM): Is he interested in the World Cup? , speedweek.com, August 24, 2015 (accessed November 26, 2016)
  42. ^ FIM Gala: Awards for Sandro Cortese. Speedweek, November 12, 2012, accessed November 12, 2012 .
  43. ↑ KTM boss Stefan Pierer: "We will ride MotoGP in 2017". Speedweek, July 31, 2014, accessed July 31, 2014 .
  44. ↑ KTM roll-out Spielberg: “An emotional moment”. Speedweek, October 30, 2015, accessed October 30, 2015 .