KTM's financial woes

How is your security? Have any openings?

 

Yes those seem to be crazy high salaries and comps packages

 

https://www.rideapart.com/news/746070/ktm-clearance-sale/

 

Week old news.

 

you get what you pay for

 

Ok click on this one and his translate == Holy Ouch! https://www.krone.at/3648506


I also read a few more articles, now the translation I think could possibly be really bad, but I THINK MAYBE???? Not sure how Austrian employment works, but there is a very small possibility that......

Employees that are due wages are considered a creditor?? IF and I cannot specify IF hard enough. That IF that is the case and ALL of the employees stick together it is possible that KTM will not have 50% of the credit money debt and 50% of the creditors vote for the restructuring plan. If the creditors do not reach the consensus than boom it's over! I read that the employees have submitted claims against the insolvency court, now that translation could be bad and mean they just submitted an unemployment claim.....Sooooooonot sure?

I mean a shit ton has to happen and be right with that

 

Financial ombudsman team managing director Gerald Zmuegg criticises the public debate surrounding the KTM bankrupt: “In my opinion, this is already heading towards entrepreneurial bashing in the worst way. Fact is that KTM grew in 2023 once again from sales. The fact is that the average salary per employee rose by 14,000 euros from 2020 to 2023. The fact is that the profit 2023 has been around 96 million euros.”

 

Despite the insolvency, KTM has not currently planned an exit from motorsport. This was confirmed by Christopher Schipper, Managing Director of KTM Austria, on Monday at APA. "We need motorsport as the main instrument for marketing our products," said Schipper, adding that this is also the view of KTM Motorsport Director Pit Beirer. One is in constant exchange with redevelopment administrator Peter Vogl in this matter. This most recently estimated the annual KTM expenditure for motorsport to 95 million euros, 46 million of which are allocated to MotoGP alone. KTM is contractually bound to the motorcycle premier premier until 2026, an early exit would entail enquirements.

 

Speculation BMW buys KTM MotoGP program fields toprak.

 

The negative top positions are occupied by KTM AG (2.74 billion euros in liabilities), René Benko (2.43 billion) and the Benko family private foundation (2.28 billion). This is followed by Fisker (1.54 billion), Signa Prime Holding (1.32 billion) and Signa Prime Beteiligung (0.83 billion). In addition, 2024 was marked by failed restructurings, with Kika/Leiner, Imfarr Beteiligungs GmbH, Windhager Group as well as Signa Prime Selection and Signa Development Selection AG being among the most prominent cases.

 

Keeping the dirt programs and ditching GP seems to make the most sense to me. They can run Hooligans and next gen supersport in WSBK for their street products.

 

Can anyone here confirm, listing a source for the information, if the number of unsold inventory 'bikes' reported are 100% all motorcycles?
Stephan Pierer has been discussing their losses in the bicycle venture for a very long time. These pedal 'bikes' are NOT selling like crazy at lower prices, like the motorcycles have been. Most dealers I am familiar with discontinued selling the Husqvarna and GasGas bicycles long ago.

I have been wondering about this for a while now.

 

I cannot confirm this 100%, but since that is a completely separate company and division, I am pretty sure bicycles are a completely different number

 

René Benko (born 20 May 1977) is a bankrupt Austrian real estate, media and retail investor, and was the founder of the Signa Holding.

Benko is now under investigation in Austria, Germany and Italy for fraudulent bankruptcy and money laundering. In February 2024, The Wall Street Journal stated that "Appraisers valued the company's office properties at 41 times the income they produced in 2021, corporate filings show.


..... interesting bed fellows. I have a feeling some criminal charges may come out of this.

 

no no no, you mis understood the post. That needs SERIOUS context sorry everyone WHOA HOLD UP!!! That information is just ALL the BK's in Austria in 2024 and where KTM ranks in size of insolvencies.

It was not meant in ANY WAY to link PM and KTM to Benko. Sorry it's my fault I should have put more context on that......and it's too late to edit..Damn

 

So 2023 profit of 96 million euro's, racing expenses 95 million euro's....just saying that fits right into the crowd here....

 

Perhaps they should read the "School me on investing..." thread.

 

Toprak's PR interviews would be multi-syllable legendary. "My BMW/KTM/GasGas/Husqvarna/MV Agusta bike was excellent out there today, thanks to my crew."

 

This idea really doesn’t work well when you look at the cost of disassembly. It’s not as simple as reversing the assembly line. You’d have to develop a disassembly line for each model. There’s a ton of logistical issues like, assessing condition of parts after removal. keeping track of parts, packaging, and the problems with calling a part new after it’s been removed from a bike. I don’t think many people would like paying full price for a part that’s been removed from a bike, especially if the removal wasn’t done with care.

 

Financial Woes or not I just got a leftover 24 300XC…