PIERER Mobility AG confirms positive half-year results despite COVID lockdown

Company Information

Wels, 31 August 2020

PIERER Mobility AG confirms constructive half-year outcomes regardless of COVID lockdown
Optimistic outlook for the second half of 2020
 

– Gross sales: 124,682 bikes and e-bikes (earlier 12 months: 135,711 bikes)

– Income: € 600.0 million (earlier 12 months: EUR 754.9 million)

– EBIT: EUR 1.7 million (earlier 12 months: EUR 46.6 million)

– Additional market share good points within the essential markets USA, Australia and Europe – Elevated world model presence by means of the sensational successes in MotoGP^TM

– Bolstered e-bike offensive

– Steering 2020

– Key figures for H1 2020

Income, gross sales and earnings within the first half of 2020 – constructive EBIT regardless of manufacturing cease

Within the first half of 2020, the PIERER Mobility Group achieved a bunch income of EUR 600.0 million (earlier 12 months: EUR 754.9 million). Throughout the first six months of 2020, 70,171 KTM, HUSQVARNA and GASGAS bikes and 34,351 HUSQVARNA and R RAYMON e-bikes had been offered. This represents a rise of 1.3% in comparison with the identical interval of the earlier 12 months, though e-bikes weren’t included within the earlier 12 months. Gross sales of non-e-bikes are distributed completely beneath the R Raymon model and amounted to eight,492 models within the first half of the 12 months. Together with the 20,160 bikes offered by our associate Bajaj in India (earlier 12 months: 32,539), a complete of 124,682 bikes and e-bikes had been offered within the first half of 2020 (earlier 12 months: 135,711). The EBIT for the primary half of 2020 is already constructive and stands at EUR 1.7 million (earlier 12 months: EUR 46.6 million) regardless of the Covid-19 lockdown and a two-month manufacturing cease. As of June 30, 2020, the PIERER Mobility Group employed a complete of 4,329 individuals, 3,592 of them in Austria (83%).

Additional market share good points within the essential markets USA, Australia and Europe – Elevated world model presence by means of the company model KTM after the sensational successes in MotoGP^TM

Within the first six months of the present monetary 12 months, the PIERER Mobility Group outperformed the general market (-7.4%) in a very powerful bike markets (> 120 cc) with a rise in registrations of 1.4% and was thus capable of enhance its market share by one proportion level to 11.8%.

Because of the modified mobility habits, the two-wheeler retail commerce is experiencing a increase, which is mirrored in double-digit development charges in registrations within the bike in addition to the e-bicycle phase.

After Brad Binder’s historic first victory in Brno, Miguel Oliveira and Pol Espargaró additionally take the primary and third place in MotoGP^TM for the Austrian producer two weeks later in Spielberg. These unbelievable successes within the premier class of motorcycling are a milestone within the historical past of KTM and result in an extra enhance of the worldwide model presence.

Bolstered e-bike offensive

The PIERER Mobility Group is taken into account as a pioneer in electromobility for two-wheelers and has been a serious driving developer on this space for a very long time. Underneath the route of the AIT Austrian Institute of Expertise, the group is at the moment working with companions from business and science on an revolutionary e-mobiliy idea (EMotion) for energy-efficient, snug electrical two-wheelers within the class L. These electrically powered two-wheelers are specifically developed for the age teams 16-18 and 50+ and are supposed to supply customers of typical autos a helpful and environmentally pleasant different with a totally new mobility expertise for the on a regular basis particular person transport.

Early 100% takeover of GASGAS

In July 2020, PIERER Mobility Group takes over 100% of the shares in GASGAS Bikes GmbH forward of time, positioning GASGAS because the third group model within the off-road bike sector for formidable novices and because the world market chief in trials. Moreover, GASGAS enhances its product portfolio with a sporty vary within the high-end e-mountain bike sector.

Steering 2020

Because of the sturdy world demand, the group expects a rise in income to greater than EUR 800 million within the second half of 2020, which is considerably increased than in the identical interval of the earlier 12 months (second half of 2019: EUR 765.3 million). The annual income for the 2020 monetary 12 months introduced on 22 July 2020 is confirmed and is predicted to exceed EUR 1,400 million (FY 2019: EUR 1,520.1 million), with the e-bicycle division already contributing gross sales of greater than EUR 110 million. Primarily based on present assessments, the EBIT margin for fiscal 12 months 2020 will vary between 4% and 6% of revenues and the free money circulate will exceed EUR 30 million.

Key figures for H1 2020 for the PIERER Mobility Group (consolidated)

The half-year report for 2020 of PIERER Mobility AG is now obtainable on the corporate’s web site at https://www.pierermobility.com/en/investor-relations/reports. The present investor presentation can be discovered at https://www.pierermobility.com/en/investor-relations/presentations.

Inventory alternate itemizing

On September 30, 2020, the buying and selling of PIERER Mobility AG shares on the Official Market (Amtlicher Handel) of the Vienna Inventory Change will finish. Wiener Börse AG has introduced, that by itself initiative it has admitted the shares of PIERER Mobility AG to buying and selling within the “world market” of worldwide working firms with impact from October 1, 2020.

The shares of PIERER Mobility AG are listed within the Worldwide Reporting Normal of the SIX Swiss Change since November 14, 2016. The shares of PIERER Mobility AG had been accepted into the Swiss Efficiency Index (SPI) of the SIX Swiss Change on March 29, 2017. PIERER Mobility AG additionally started itemizing its shares on the regulated market of the Frankfurt Inventory Change (Common Normal) on March 3, 2020.

In regards to the Group
The PIERER Mobility Group is Europe’s main producer of “powered two-wheelers” (PTW). With its globally identified bike manufacturers KTM, HUSQVARNA and GASGAS, it is likely one of the European expertise and market leaders, particularly for premium bikes. Along with autos with combustion engines, the product vary additionally contains emission-neutral autos with revolutionary electrical drives and e-bikes. As a pioneer in electromobility for two-wheelers within the low-voltage vary (48 volts) the group and its strategic associate Bajaj have the conditions to imagine a number one world position. With the take-over of the electrical bicycle enterprise from PEXCO the group took a subsequent step into the phase of 2-wheel electro mobility. E-bicycle actions can be promoted beneath the manufacturers HUSQVARNA E-Bicycles, R Raymon and GASGAS E-Bicycles in an effort to take part within the enticing market development of the e-bicycle phase and to turn into a serious worldwide participant there. Because of our revolutionary power, we see ourselves because the expertise chief within the two-wheeler sector in Europe. The partnership with Bajaj, India’s second largest bike producer, strengthens competitiveness in world markets.

Authorized Disclaimer
THIS ANNOUNCEMENT DOES NEITHER CONSTITUTE AN OFFER TO SELL NOR AN INTIMATION TO SUBMIT A PROPOSAL FOR THE ACQUISITION OF SECURITIES OF PIERER MOBILITY AG. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

For extra info:
Investor Relations
Magazine. Michaela Friepeß
Tel.: +43 (0)7242 / 69402
E mail: ir@pierermobility.com
Web site: www.pierermobility.com