Bajaj Auto steers KTM to first profitable quarter since bankruptcy
Austrian bikemaker KTM posted €5.5M Ebitda in Q4, its first profitable quarter post-bankruptcy, after Bajaj Auto's takeover. Revenue jumped 70% to €331M and motorcycle sales doubled to 40,332 units, aided by cost cuts and 500 layoffs.
KTM turned Ebitda-positive (€5.5M) in Jan-Mar quarter, first profitable quarter since bankruptcy, after Bajaj Auto's takeover. Revenue rose 70% to €331M, motorcycle sales doubled to 40,332 units, aided by cost cuts and 500 layoffs.
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