KTM, the Austrian motorcycle giant, is going through a serious financial crisis. During a meeting between the management of the brand and the court administrator this Friday, it was revealed that the total debt of KTM had exceeded 2 billion euros, a figure much higher than the 1.8 billion D 'euros initially announced. This new debt of 2,185 billion euros is linked to a combination of drops in sales, overproduction, and a commercial expansion that has not borne fruit.
KTM had to enter self-administration at the end of 2024, seeking solutions to avoid bankruptcy. The current restructuring plan offers Refund only 30 % of debts towards creditors over a period of two years. This plan will be subject to the vote of creditors during a hearing provided for February 25. However, it seems according to Gpone that Some creditors are not satisfied with this minimum offerespecially those who believe that the proposal does not take sufficient account of their interests.
KTM also faces a large number of complaints: 3,535 complaints were filed against the companydont 2 347 come from
employees et 1 187 of
creditors. This number could further increase, according to the Association of Alpine Creditors (AKV). The company tries to raise funds, with potential investments going as far as 900 million euros Proposed by interested investors, although these proposals have not yet been formalized. 23 potential investors have manifested themselves, and KTM entrusted the process to Citibank to find the funding necessary for its restructuring.
The last meeting does not mention the MotoGP program of KTM
In a context of deep crisis, KTM also confirmed the resignation of his historic CEO,
Stefan Piererwhich led the brand for decades and propelled it as a European motorcycle market leader.
Pierer has given way to Gottfried Neumeisterpreviously CO-PDG, but it will remain involved in the restructuring process as CO-PDG. This change in leadership occurs in a delicate moment for the company, which tries to straighten its finances while continuing to invest in strategic projects.
Despite the financial crisis, KTM It remains determined to continue its commitment to MotoGP. The company has already planned to participate in the 2025 championship season and will launch its presentation the January 30. A possible withdrawal of KTM MotoGP in a previous AKV report, but the last meeting did not mention this possibility, indicating that the brand is still firmly engaged in the competition. However, the future of
KTM In the discipline remains uncertain, and the brand will have to sail with caution in the coming months to avoid new turbulence.
Overall, KTM crosses a period of major financial turbulence, with colossal debts, series complaints, and changes in its direction. The coming months will be crucial to determine if the brand manages to get out of this crisis, with external investments and a restructuring necessary to ensure its long -term survival.
