Financial reports.

MxAddic
Posts
5308
Joined
11/24/2022
Location
USA
8/31/2024 3:52pm
ohh_454 wrote:
Thought them having Husky was cool, then when they acquired GasGas I thought that that was a bit much. What if those 2 brands go away...

Thought them having Husky was cool, then when they acquired GasGas I thought that that was a bit much. What if those 2 brands go away, now that $60 million down building down the rd from me in Murrieta houses only the Red Bull KTM team? Then I was reading that KTM was making smaller shops increase their space or they wouldn’t be a KTM dealer anymore. Kinda crazy

KTM-North-America-and-Pierer-Mobility-Open-New-North-American-Headquarters-7
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1
Brent
Posts
5837
Joined
8/16/2006
Location
Temecula, CA, USA
8/31/2024 4:55pm
Brent wrote:
…bikes are not selling here in California.High interest rates combined with high prices would be my guess as why new models are still sitting on the...

…bikes are not selling here in California.

High interest rates combined with high prices would be my guess as why new models are still sitting on the dealer floors.

For a young guy looking to buy a dirt bike,  it’s  getting really hard to justify spending or financing 12 grand when everything else costs so much just to live nowadays.

Also, Boomers are holding onto bikes longer - I don’t see a ton of 2025 KTM’s  at the local tracks, also word about the stiffer frame has spooked a lot of potential buyers I think. 

 I’m sticking with my 24s for another year because the used bike  market is stone cold…

burn1986 wrote:

That’s not politically correct here 😎

Yeah why would logic and common sense have any place here any more?
 

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3
ohh_454
Posts
3255
Joined
6/24/2023
Location
Nuevo, CA, USA
Fantasy
8/31/2024 5:16pm
ohh_454 wrote:
Thought them having Husky was cool, then when they acquired GasGas I thought that that was a bit much. What if those 2 brands go away...

Thought them having Husky was cool, then when they acquired GasGas I thought that that was a bit much. What if those 2 brands go away, now that $60 million down building down the rd from me in Murrieta houses only the Red Bull KTM team? Then I was reading that KTM was making smaller shops increase their space or they wouldn’t be a KTM dealer anymore. Kinda crazy

MxAddic wrote:
KTM-North-America-and-Pierer-Mobility-Open-New-North-American-Headquarters-7

Red Bull ktm motogp and Dakar team?

1
Tyler D
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2303
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12/5/2022
Location
La, CA, USA
8/31/2024 5:29pm

they made a big deal about investing during the 08 downturn and that helping them to leapfrog teh very cautious japanese. 

 

whats the plan now? thery already make most of theirn stuff in thailand. 

.

is jon erik burleson still there?

 

The Shop

vdrsnk04
Posts
2184
Joined
9/5/2018
Location
USA
8/31/2024 5:39pm

You guys act like a company losing money for a year is something new, it happens all the time. Look up State Farm Insurance, they have lost something around $6b per year for I think the last three years as an example. 

Sounds like they realized the losses and are changing/restructuring to correct it. 

I hope all the best for them. We all need them around in our sport.

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8/31/2024 5:49pm

Looking at their financials, they most definitely have seen a 180 from the previous years. 2023 saw less earnings than in 2019. EBITDA hovered around 16% from 2019-2022  and in 2023 dropped to 12.2%.  Straight from their guidance " For the 2024 financial year, the Executive Board expects a decline in sales of 10% to 15% for both the motorcycles and bicycle divisions due to the current market developments."

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Johnny Ringo
Posts
8220
Joined
1/11/2016
Location
Tombstone, AZ, USA
8/31/2024 5:56pm
sandman768 wrote:

Perfect time for suzuki to buy gas gas & just put some yellow plastics on💪

I was just going to post about all those threads saying KTM should buy Suzuki haha

Soul Indigo
Posts
911
Joined
5/25/2023
Location
Phuket, TH
8/31/2024 6:16pm
People aren’t buying bikes like they have been but let’s be honest the pierer mobility group made some decisions that, even at the time, seeemed like...

People aren’t buying bikes like they have been but let’s be honest the pierer mobility group made some decisions that, even at the time, seeemed like a bad business decision or at best an odd one. 

Like a $50m facility in SoCal? Lol

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2
Soul Indigo
Posts
911
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Location
Phuket, TH
8/31/2024 6:19pm
Boomslang wrote:
A bit of difficulties I'd say and I wonder how it will effect the MX side. KTM is a sports giant and one of the most renowned...

A bit of difficulties I'd say and I wonder how it will effect the MX side.

 

KTM is a sports giant and one of the most renowned motorcycle manufacturers, but even its huge global presence doesn’t mean it’s exempt from financial crises and that’s exactly what’s happening, forcing the mighty Austrian company to restructure.

 

KTM is in an alarming financial situation, having suffered a massive loss of 2.5 billion euros. This unprecedented crisis raises serious questions about the future of the Austrian company, owned by the Pierer Mobility group.

 

Faced with this worrying scenario, KTM has embarked on a comprehensive restructuring process aimed at reducing costs and optimizing its operations. Among the most drastic measures are a significant reduction in motorcycle production, cuts in investments in motorcycle competitions and the possible elimination of the GasGas brand from its portfolio, as well as the hypothetical discontinuation of the Husqvarna brand.

Several factors have contributed to this critical situation, including high interest rates in the United States and a sharp drop in sales in European markets. In response, the Pierer Mobility group is reorienting its strategy towards the Asian market, where sales have shown greater resilience.

However, this shift in focus could have consequences for Western consumers, as it could result in less investment in the development of models traditionally popular in Europe and North America.

As far as competitions are concerned, KTM plans to drastically reduce its presence. The Austrian brand will be the only one to maintain a significant participation, relying on the support of its main sponsor, Red Bull.

This crisis at KTM reflects the challenges currently facing the motorcycle industry in an increasingly uncertain and competitive global economic context.

 

Rocketship wrote:
You wrote this down yourself or is it copy paste? If so it's maybe smart to share the source.How did Pierer lose 2.5 billion? Is it...

You wrote this down yourself or is it copy paste? If so it's maybe smart to share the source.

How did Pierer lose 2.5 billion? Is it stock devaluation or what do you exactly try to explain?

Market cap. Not an actual loss.

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1
moto-b
Posts
22
Joined
6/16/2017
Location
San Diego, CA, USA
8/31/2024 6:20pm

Consumer discretionary goods are always the first to get hit in a downturn.  I think KTM’s primary mistake was taking on GasGas & Husky and offering 2 separate lines of bikes that are fairly redundant with their orange bikes.  My vote would have been for them to introduce a sweet stand-up jet ski and an efoil instead but that’s just me 😜

7
MxAddic
Posts
5308
Joined
11/24/2022
Location
USA
8/31/2024 6:26pm
Boomslang wrote:
A bit of difficulties I'd say and I wonder how it will effect the MX side. KTM is a sports giant and one of the most renowned...

A bit of difficulties I'd say and I wonder how it will effect the MX side.

 

KTM is a sports giant and one of the most renowned motorcycle manufacturers, but even its huge global presence doesn’t mean it’s exempt from financial crises and that’s exactly what’s happening, forcing the mighty Austrian company to restructure.

 

KTM is in an alarming financial situation, having suffered a massive loss of 2.5 billion euros. This unprecedented crisis raises serious questions about the future of the Austrian company, owned by the Pierer Mobility group.

 

Faced with this worrying scenario, KTM has embarked on a comprehensive restructuring process aimed at reducing costs and optimizing its operations. Among the most drastic measures are a significant reduction in motorcycle production, cuts in investments in motorcycle competitions and the possible elimination of the GasGas brand from its portfolio, as well as the hypothetical discontinuation of the Husqvarna brand.

Several factors have contributed to this critical situation, including high interest rates in the United States and a sharp drop in sales in European markets. In response, the Pierer Mobility group is reorienting its strategy towards the Asian market, where sales have shown greater resilience.

However, this shift in focus could have consequences for Western consumers, as it could result in less investment in the development of models traditionally popular in Europe and North America.

As far as competitions are concerned, KTM plans to drastically reduce its presence. The Austrian brand will be the only one to maintain a significant participation, relying on the support of its main sponsor, Red Bull.

This crisis at KTM reflects the challenges currently facing the motorcycle industry in an increasingly uncertain and competitive global economic context.

 

Rocketship wrote:
You wrote this down yourself or is it copy paste? If so it's maybe smart to share the source.How did Pierer lose 2.5 billion? Is it...

You wrote this down yourself or is it copy paste? If so it's maybe smart to share the source.

How did Pierer lose 2.5 billion? Is it stock devaluation or what do you exactly try to explain?

Market cap. Not an actual loss.

Tell that to the brass cashing in stocks options. Or the pension funds holding their dirty paper.

6
Soul Indigo
Posts
911
Joined
5/25/2023
Location
Phuket, TH
8/31/2024 7:16pm Edited Date/Time 8/31/2024 7:19pm
Rocketship wrote:
You wrote this down yourself or is it copy paste? If so it's maybe smart to share the source.How did Pierer lose 2.5 billion? Is it...

You wrote this down yourself or is it copy paste? If so it's maybe smart to share the source.

How did Pierer lose 2.5 billion? Is it stock devaluation or what do you exactly try to explain?

Market cap. Not an actual loss.

MxAddic wrote:

Tell that to the brass cashing in stocks options. Or the pension funds holding their dirty paper.

Just because numbers on a screen went down doesn’t mean anyone lost anything. 

It’s not a loss unless you sell.

It is also not a loss if the brass or fund acquired the stock at a lower price than what they sell for.

Like when someone says they saved $1000 on a dirt bike. No, you spent $8k on a dirt bike. 

 

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2
8/31/2024 7:26pm
Front242 wrote:

all the money they spent for Moto3 Moto2 and MotoGP 🫣

It didn't cost KTM anything, Red Bull paid.

1
NSP139
Posts
1235
Joined
5/6/2021
Location
Temecula, CA, USA
8/31/2024 7:33pm
Front242 wrote:

all the money they spent for Moto3 Moto2 and MotoGP 🫣

It didn't cost KTM anything, Red Bull paid.

So you're saying Red Bull paid 100% for all the bike development R&D and  Manufacturing of the Moto GP bikes?

1
8/31/2024 8:04pm
Front242 wrote:

all the money they spent for Moto3 Moto2 and MotoGP 🫣

It didn't cost KTM anything, Red Bull paid.

NSP139 wrote:

So you're saying Red Bull paid 100% for all the bike development R&D and  Manufacturing of the Moto GP bikes?

Red Bull and KTM don't disclose how much is paid, but their sponsorship is rumored to pay for all MotoGp costs.

8/31/2024 8:34pm
Tyler D wrote:
they made a big deal about investing during the 08 downturn and that helping them to leapfrog teh very cautious japanese.  whats the plan now? thery already...

they made a big deal about investing during the 08 downturn and that helping them to leapfrog teh very cautious japanese. 

 

whats the plan now? thery already make most of theirn stuff in thailand. 

.

is jon erik burleson still there?

 

JEB has been out of KTM NA  management since well before you joined Vital

 

8/31/2024 8:34pm

Market cap. Not an actual loss.

MxAddic wrote:

Tell that to the brass cashing in stocks options. Or the pension funds holding their dirty paper.

Just because numbers on a screen went down doesn’t mean anyone lost anything. It’s not a loss unless you sell.It is also not a loss if the...

Just because numbers on a screen went down doesn’t mean anyone lost anything. 

It’s not a loss unless you sell.

It is also not a loss if the brass or fund acquired the stock at a lower price than what they sell for.

Like when someone says they saved $1000 on a dirt bike. No, you spent $8k on a dirt bike. 

 

Tell me a stock you have owned that has declined 73% and you brushed it off as "not a loss." Whether you are a business, an investment firm or a personal investor, a paper loss freaks you out.

 

2
Soul Indigo
Posts
911
Joined
5/25/2023
Location
Phuket, TH
8/31/2024 8:37pm
MxAddic wrote:

Tell that to the brass cashing in stocks options. Or the pension funds holding their dirty paper.

Just because numbers on a screen went down doesn’t mean anyone lost anything. It’s not a loss unless you sell.It is also not a loss if the...

Just because numbers on a screen went down doesn’t mean anyone lost anything. 

It’s not a loss unless you sell.

It is also not a loss if the brass or fund acquired the stock at a lower price than what they sell for.

Like when someone says they saved $1000 on a dirt bike. No, you spent $8k on a dirt bike. 

 

Tell me a stock you have owned that has declined 73% and you brushed it off as "not a loss." Whether you are a business, an...

Tell me a stock you have owned that has declined 73% and you brushed it off as "not a loss." Whether you are a business, an investment firm or a personal investor, a paper loss freaks you out.

 

Being freaked out is also not an actual loss.

2
2
PNWMXer
Posts
1758
Joined
1/13/2022
Location
Washington, WA, USA
8/31/2024 8:46pm
Beeby wrote:
They were spending money like crazy, all these sub brands like Gasgas and Husky never really made a lot of sense. It had to come to...

They were spending money like crazy, all these sub brands like Gasgas and Husky never really made a lot of sense. It had to come to an end some day. 

I agree with you on the Husky side since they were basically white KTMs. I did like the concept of the GasGas situation, where someone could buy a bike that was for all intents and purposes as good as a KTM, but at a lower price point due to minor cuts here and there, mostly bling.

4
8/31/2024 10:46pm
Just because numbers on a screen went down doesn’t mean anyone lost anything. It’s not a loss unless you sell.It is also not a loss if the...

Just because numbers on a screen went down doesn’t mean anyone lost anything. 

It’s not a loss unless you sell.

It is also not a loss if the brass or fund acquired the stock at a lower price than what they sell for.

Like when someone says they saved $1000 on a dirt bike. No, you spent $8k on a dirt bike. 

 

What in the world are you talking about? We aren't talking about selling our own stock. 

2
PTshox
Posts
1589
Joined
10/1/2011
Location
Highland Village, TX, USA
8/31/2024 11:18pm

This is stock chart of Facebook below. 4 year chart daily chart. . $383 to $87.. around a 77% decline. then back up. 

The questions that should be asked about KTM is… what fundamentally changed at the business? Did the Products fall behind to competitors? Management change? What missteps were there? What drove this move in the stock down? Or was there a overall market decline that took a good company down with it? Or was it a cyclical decline? 

 

I know.. the vitards will jump in and tell me I have no clue… LOL...… but those are the questions that should be asked and researched. 

 


 

 
5
PTshox
Posts
1589
Joined
10/1/2011
Location
Highland Village, TX, USA
8/31/2024 11:21pm

 

9/1/2024 12:19am
PTshox wrote:
This is stock chart of Facebook below. 4 year chart daily chart. . $383 to $87.. around a 77% decline. then back up. The questions that should...

This is stock chart of Facebook below. 4 year chart daily chart. . $383 to $87.. around a 77% decline. then back up. 

The questions that should be asked about KTM is… what fundamentally changed at the business? Did the Products fall behind to competitors? Management change? What missteps were there? What drove this move in the stock down? Or was there a overall market decline that took a good company down with it? Or was it a cyclical decline? 

 

I know.. the vitards will jump in and tell me I have no clue… LOL...… but those are the questions that should be asked and researched. 

 


 

 

Pierer Mobility opened their US Corporate Headquarters in March 2023...

image 407 0
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9/1/2024 12:34am
Pierer Mobility opened their US Corporate Headquarters in March 2023...

Pierer Mobility opened their US Corporate Headquarters in March 2023...

image 407 0

If you're in the business of making money, Murrietta, California is the last place you should open a new headquarters.  Oh well, it only cost 53M.

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1
9/1/2024 12:35am
Just because numbers on a screen went down doesn’t mean anyone lost anything. It’s not a loss unless you sell.It is also not a loss if the...

Just because numbers on a screen went down doesn’t mean anyone lost anything. 

It’s not a loss unless you sell.

It is also not a loss if the brass or fund acquired the stock at a lower price than what they sell for.

Like when someone says they saved $1000 on a dirt bike. No, you spent $8k on a dirt bike. 

 

Tell me a stock you have owned that has declined 73% and you brushed it off as "not a loss." Whether you are a business, an...

Tell me a stock you have owned that has declined 73% and you brushed it off as "not a loss." Whether you are a business, an investment firm or a personal investor, a paper loss freaks you out.

 

Being freaked out is also not an actual loss.

Umm, I suppose that's a fact. Can you tell me some stocks you own Soul Indigo? Since we are being factual here, investors get into leveraged positions so a decline of that magnitude triggers margin calls -- meaning a real loss as you start paying to meet your capital requirements. 

1
MxAddic
Posts
5308
Joined
11/24/2022
Location
USA
9/1/2024 1:26am
MxAddic wrote:

Tell that to the brass cashing in stocks options. Or the pension funds holding their dirty paper.

Just because numbers on a screen went down doesn’t mean anyone lost anything. It’s not a loss unless you sell.It is also not a loss if the...

Just because numbers on a screen went down doesn’t mean anyone lost anything. 

It’s not a loss unless you sell.

It is also not a loss if the brass or fund acquired the stock at a lower price than what they sell for.

Like when someone says they saved $1000 on a dirt bike. No, you spent $8k on a dirt bike. 

 

Tell me a stock you have owned that has declined 73% and you brushed it off as "not a loss." Whether you are a business, an...

Tell me a stock you have owned that has declined 73% and you brushed it off as "not a loss." Whether you are a business, an investment firm or a personal investor, a paper loss freaks you out.

 

He don’t know how to read a stock chart. It’s at pandemic lows and the rest of the market it at record highs. There is something called mark to market and this pig ain’t coming back. Basically they where cooking the books by pushing units on dealers, sorry but not sorry, that’s a loser.

3
Soul Indigo
Posts
911
Joined
5/25/2023
Location
Phuket, TH
9/1/2024 1:58am
Tell me a stock you have owned that has declined 73% and you brushed it off as "not a loss." Whether you are a business, an...

Tell me a stock you have owned that has declined 73% and you brushed it off as "not a loss." Whether you are a business, an investment firm or a personal investor, a paper loss freaks you out.

 

Being freaked out is also not an actual loss.

Umm, I suppose that's a fact. Can you tell me some stocks you own Soul Indigo? Since we are being factual here, investors get into leveraged...

Umm, I suppose that's a fact. Can you tell me some stocks you own Soul Indigo? Since we are being factual here, investors get into leveraged positions so a decline of that magnitude triggers margin calls -- meaning a real loss as you start paying to meet your capital requirements. 

Stocks? That’s cute. Investors also get into derivatives. 

I’m not in the market anymore but last time I was, I dabbled in options. And if I was, I wouldn’t be telling some rando on the web what my positions are.

 I’ll share one from awhile ago though…

IMG 2834 Original



Not sure what the point of your comments are. 

This ain’t about me. 



 

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4
Soul Indigo
Posts
911
Joined
5/25/2023
Location
Phuket, TH
9/1/2024 2:03am
Just because numbers on a screen went down doesn’t mean anyone lost anything. It’s not a loss unless you sell.It is also not a loss if the...

Just because numbers on a screen went down doesn’t mean anyone lost anything. 

It’s not a loss unless you sell.

It is also not a loss if the brass or fund acquired the stock at a lower price than what they sell for.

Like when someone says they saved $1000 on a dirt bike. No, you spent $8k on a dirt bike. 

 

Tell me a stock you have owned that has declined 73% and you brushed it off as "not a loss." Whether you are a business, an...

Tell me a stock you have owned that has declined 73% and you brushed it off as "not a loss." Whether you are a business, an investment firm or a personal investor, a paper loss freaks you out.

 

MxAddic wrote:
He don’t know how to read a stock chart. It’s at pandemic lows and the rest of the market it at record highs. There is something...

He don’t know how to read a stock chart. It’s at pandemic lows and the rest of the market it at record highs. There is something called mark to market and this pig ain’t coming back. Basically they where cooking the books by pushing units on dealers, sorry but not sorry, that’s a loser.

He don’t know how to speak English. 

1

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