EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Preliminary Results
PIERER Mobility AG: Preliminary results for H1 2025
25-Jul-2025 / 18:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
Group.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement pursuant to Article 17 of Regulation (EU) No. 596/2014
(MAR)
Ad hoc announcement pursuant to Art. 53 KR
Wels, July 25, 2025
PIERER Mobility AG: Preliminary results for H1 2025
• Revenue H1 2025: € 425 million
• More than 50,000 motorcycles sold to dealers and importers (wholesale)
• End customer (retail) demand remains strong with more than 100,000
motorcycles sold – inventory levels significantly reduced
• Restructuring profit of € 1,187 million results in positive earnings
(EBITDA, EBIT, result for the period)
• Positive equity – net debt more than halved
Preliminary revenue and unit sales figures for the first half of 2025 –
strong end customer demand
H1 2025 was significantly influenced by the restructuring proceedings
within the KTM Group, which have now been successfully completed. These
measures had a significant impact on all aspects of the Group.
The PIERER Mobility Group sold 50,334 motorcycles in the first half of
2025 (previous year: 115,145). In addition, 34,950 motorcycles (previous
year: 32,351) were sold through strategic partner Bajaj Auto. Sales in
India were particularly encouraging, rising by more than 8% compared to
the previous year. This is the result of the excellent partnership with
Bajaj Auto and proof of customer confidence in the KTM brand. The Group
thus sold a total of 85,284 motorcycles (previous year: 147,496 units).
The 42.2% decline in total sales was mainly due to the restructuring
proceedings at KTM AG and a reluctance to deliver new models, as well as
the overall economic environment and its impact on the motorcycle market
in H1 2025. Dealers reported encouraging sales figures to end customers.
Sales exceeded 100,000 motorcycles, beating own expectations. Together
with reduced production output, the company's own inventories and those of
dealers and importers were significantly reduced in H1 2025, and
efficiency along the entire supply chain was increased. PIERER Mobility
thus confirms its strong position in the global motorcycle market.
In the bicycle segment, the Group sold 50,107 bicycles (electric bicycles
and bicycles) in the first half of the year. This means that the wind-down
of the bicycle business is progressing much faster than planned. The
Husqvarna and GASGAS bicycle brands will be sold out by the end of 2025 –
all warranty/service and spare parts deliveries will continue in
accordance with the statutory warranty requirements. This does not affect
the bicycle business of the continued Felt brand.
The sales trend was reflected in revenue, which fell by 57.8% to € 425
million. 46.5% of revenue was generated in Europe, 32.4% in North America
and 21.1% in other markets.
Restructuring proceedings successfully completed – positive operating
result
The successful completion of the restructuring proceedings of KTM AG and
two of its subsidiaries resulted in a restructuring profit of 70% of the
registered creditor claims, or € 1,187 million. This will result in
positive earnings figures in H1 2025. EBITDA reached € 1,003 million, EBIT
€ 931 million, and net income for the period amounted to € 740 million.
Positive Equity – net debt more than halved
As of June 30, 2025, equity amounted to € 533 million due to the
restructuring gain and is positive again with an equity ratio of around
27%. Compared to the previous year, net debt has more than halved after
fulfillment of the restructuring quota and now stands at € 756 million
(December 31, 2024: € 1,643 million).
Preliminary key figures for H1 2025 of the PIERER Mobility Group
(consolidated, unaudited)
Key earnings figures H1 2024 H1 2025 ∆
Revenue €m 1,007 425 -57.8 %
EBIT €m -102 1,003 >100.0 %
EBIT €m -195 931 >100.0 %
Earnings before taxes (EBT) €m -237 897 >100.0 %
Balance sheet data Dec 31, 2024 Jun 30, 2025 ∆
Total assets €m 2,396 1,968 -17.9 %
Equity €m -194 533 >100.0 %
Net debt €m 1,643 756 -54.0 %
Other 2024 2025 ∆
Investments in H1^1) €m 140 35 -75.3 %
Number of employees as of Headcount 6,024 4,303 -28.6 %
June 30
^
^1) excluding lease additions (IFRS 16) amounting to € 8 million
(previous year: € 30 million)
The 2025 half-year financial report will be published on August 28, 2025,
and will be available on the company's website at the following link:
(1)https://www.pierermobility.com/en/investor-relations/publications
Legal notice
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR A
SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OF PIERER MOBILITY AG. IT
IS NOT FOR DISTRIBUTION, TRANSMISSION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.
For further information:
Investor Relations
Hans Lang & Melinda Busáné Bellér
Tel: +43 676 4140945 or +43 676 4093711
Email: (2)ir@pierermobility.com
Website:(3) https://www.pierermobility.com
ISIN: AT0000KTMI02; Swiss Valor Number (Switzerland): 41860974; Ticker
Symbol: PKTM; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S, PKTM.VI
End of Inside Information
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25-Jul-2025 CET/CEST News transmitted by EQS Group. www.eqs.com
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Language: English
Company: PIERER Mobility AG
Edisonstrasse 1
4600 Wels
Austria
Phone: +43 (0) 7242 69 402
E-mail: ir@pierermobility.com
Internet: www.pierermobility.com
ISIN: AT0000KTMI02
WKN: A2JKHY
Listed: SIX, Vienna Stock Exchange
EQS News ID: 2174940
Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM
SW; PKTM AV Reuters: PKTM.S; PKTM.VI
End of Announcement EQS News Service
2174940 25-Jul-2025 CET/CEST
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