PIERER Mobility

#PKTM: Far-reaching restructuring and additional liquidity requirement at KTM AG: In the course of liquidity planning for the 2025 financial year, PIERER Mobility AG has to cover additional liquidity requirements at the level of KTM AG. As of June 30, 2024, the KTM AG Group was responsible for more than 95% of PIERER Mobility AG's revenue. >> Read more at https://lnkd.in/dsh_uDzf

#PKTM: Market development in the second half of the year below expectations; guidance 2024 canceled; PIERER Mobility AG reduces Executive Board to two members; #Motorcycle segment: US market as a whole declining, Europe losing momentum; #Bicycle segment: restructuring is in full swing, destocking continues: https://lnkd.in/dAr378tM

Completed again ?? For the fourth consecutive year that #PIERER Mobility has participated in S&P Global's annual Corporate Sustainability Assessment (CSA). #ESG, #Sustainability, #CSR

PIERER Mobility welcomes Gottfried Neumeister as Co-CEO >> He took over the function of Co-CEO at PIERER Mobility AG and KTM AG on September 1, 2024. Stefan Pierer, CEO - "I am happy to welcome Gottfried Neumeister, an experienced and highly successful top manager. He will provide fresh impetus and increasingly take responsibility for tasks from my portfolio." Gottfried Neumeister - "I am delighted to be taking a piece of Austria out into the world with over 6,000 great people. The team at PIERER Mobility AG has proven over the years that it is one of the best in the world through innovation and performance. When I think of PIERER Mobility/KTM, attributes such as emotion, passion and performance come to mind, coupled with the will not to stand still, but to constantly strive for improvement and perfection. This makes me all the more happy to be part of this community."

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#PKTM: Economically volatile and difficult conditions led to negative result in H1 2024, outlook for the full year confirmed: ? Results in H1 2024 negative, but in line with the current outlook for the 2024 financial year ? Significant improvement expected in H2 ? Working capital remains at a high level, significant improvements expected at the end of 2024 and in 2025 ? Increased net debt but solid financing structure ? Motorcycle market: Challenging market environment - Europe slightly positive, North America, Australia and China declining, India positive ? MV Agusta Motor S.p.A. integration process going according to plan ? Bicycle market: persistent oversupply on the market necessitated value adjustments, focus on the premium segment ? Full-year outlook for 2024 confirmed read more at https://lnkd.in/e-D2-rby

Changes in the Executive Board #PKTM >> Viktor Sigl, CFO of PIERER Mobility AG and KTM AG, leaves the Executive Board. >> Gottfried Neumeister as new member of the Executive Board to support CEO Stefan Pierer as of September 1, 2024. https://lnkd.in/ddavz_ZS

PIERER Mobility adjusts guidance and responds to tougher global conditions: ? Sales fall short of expectations due to persistently high interest rates in the USA and volatile market environment in Europe ? Comprehensive package of measures being implemented: -- Tighter cost management and reduction of production volumes in Austria? -- Expansion of the supply chain in India and China -- Realignment of the bicycle division ? Adjustment of #guidance for the 2024 financial year >> read more https://lnkd.in/dmCpG_3r

PIERER Mobility proudly announces its role as the importer and distribution agent for #ZEEHO, the innovative new brand poised to revolutionize urban mobility. As part of this collaboration, CFMOTO Motorcycles Distribution, an entity of PIERER Mobility, assumes responsibility for importing and distributing ZEEHO products across five key markets: Germany, Austria, Switzerland, Spain, and the UK. Leveraging its extensive network of group dealers and years of experience delivering top-tier products, PIERER Mobility is primed to introduce ZEEHO's cutting-edge e-scooters to discerning customers across the five respecting markets. The initial rollout includes three models, the AE6+, AE8 S+ and C!TY SPORT, available now through the ZEEHO dealer network. More detailed information about the single models can be found on https://zeehoeu.com/ #urbanmobility, #escooter, #urbanlifestyle

PIERER Mobility confirms revenues and earnings?in 2023: - Revenues: EUR 2,661 million (+9.2 %) - EBIT: EUR 160 million (previous year: EUR 235 million) - EBITDA: EUR 323.5 million (-15.1 %) - Unit sales: motorcycles 381,555 (+1.6 %) - Unit sales: bicycles 157,358 (+33 %) - Employees: 6,184 (+1.6 %) - 2024 outlook Read more >> https://lnkd.in/d8Ne3epb Annual Report for the 2023 financial year >> https://lnkd.in/dZyrXRCf