KTM, successful debut on the SIX Swiss Exchange

8 years ago - Published in Finance, Fundamental Analysis

The shares of KTM Industries AG, the Austrian vehicle group, were primary listed today under the “International Reporting Standard” on SIX Swiss Exchange and traded for the first time.

The opening price on SIX Swiss Exchange was CHF 4.90. Based on this price, the market capitalization of the listed shares amounts to CHF 1,104 billion. The issued share capital of KTM Industries comprises 225.386.742 no-par-value ordinary bearer shares. A public offering of the company’s securities has not taken place.

The company is already listed in the Regulated Market (Segment prime market) of the Vienna Stock Exchange.

The Wels-based company, near Linz, grew in the first nine months of 2016, recording a turnover of €1 billion  and a net profit of € 61.4 million.
The austrain group ihas a strategic focus on the global automotive niche segment. Some of its brands include the worldwide renowned KTM, Husqvarna Motorcycles, WP and Pankl.