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

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PIERER Mobility AG confirms constructive half-year outcomes regardless of COVID lockdown

DGAP-Information: PIERER Mobility AG / Key phrase(s): Half Yr Outcomes
31.08.2020 / 07:00
The issuer is solely accountable for the content material of this announcement.

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 international model presence by way of the sensational successes in MotoGPTM

– Strengthened 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). Through 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 solely below the R Raymon model and amounted to eight,492 items 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 international model presence by way of the company model KTM after the sensational successes in MotoGPTM

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

Because of the modified mobility conduct, the two-wheeler retail commerce is experiencing a growth, which is mirrored in double-digit progress charges in registrations within the motorbike in addition to the e-bicycle section.

After Brad Binder’s historic first victory in Brno, Miguel Oliveira and Pol Espargaró additionally take the primary and third place in MotoGPTM 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 additional improve of the worldwide model presence.

Strengthened 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 path of the AIT Austrian Institute of Expertise, the group is presently working with companions from business and science on an revolutionary e-mobiliy idea (EMotion) for energy-efficient, comfy 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 standard autos a helpful and environmentally pleasant various with a very 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 motorbike sector for formidable freshmen and because the international 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 international 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 circulation will exceed EUR 30 million.

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

Incomes figures H1 2019H1 2020Change in %
Incomein m€754.9600.0-20.5%
EBITDAin m€98.564.2-34.8%
EBITin m€46.61.7-96.3%
EBITDA marginin p.c13.1%10.7% 
EBIT marginin p.c6.2%0.3% 
     
Stability Sheet figures 12/31/2019 06/30/2020 Change in %
Stability Sheet wholein m€1,613.91,666.03.2%
Fairnessin m€618.6589.8-4.7%
Fairness ratioin p.c38.3%35.4% 
Internet monetary debtin m€395.8489.423.6%
Gearingin p.c64.0%83.0% 
WorkersQuantity4,3684,329-0.9%
  H1 2019H1 2020 
Investmentsin m€80.172.9-9.0%

 

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

Inventory trade itemizing

On September 30, 2020, the buying and selling of PIERER Mobility AG shares on the Official Market (Amtlicher Handel) of the Vienna Inventory Alternate 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 “international 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 Alternate since November 14, 2016. The shares of PIERER Mobility AG had been accepted into the Swiss Efficiency Index (SPI) of the SIX Swiss Alternate on March 29, 2017. PIERER Mobility AG additionally started itemizing its shares on the regulated market of the Frankfurt Inventory Alternate (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 motorbike manufacturers KTM, HUSQVARNA and GASGAS, it is without doubt one of the European know-how 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 international function. With the take-over of the electrical bicycle enterprise from PEXCO the group took a subsequent step into the section of 2-wheel electro mobility. E-bicycle actions can be promoted below the manufacturers HUSQVARNA E-Bicycles, R Raymon and GASGAS E-Bicycles as a way to take part within the engaging market progress of the e-bicycle section and to change into a serious worldwide participant there. Because of our revolutionary energy, we see ourselves because the know-how chief within the two-wheeler sector in Europe. The partnership with Bajaj, India’s second largest motorbike producer, strengthens competitiveness in international 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 data:
Investor Relations
Magazine. Michaela Friepeß
Tel.: +43 (0)7242 / 69402
E mail: ir@pierermobility.com
Web site: www.pierermobility.com

31.08.2020 Dissemination of a Company Information, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely accountable for the content material of this announcement.

The DGAP Distribution Providers embody Regulatory Bulletins, Monetary/Company Information and Press Releases.
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