General information about PIERER Mobility AG share

Since 14 November 2016, the shares of PIERER Mobility AG (formerly KTM Indusries AG) have been primary listed in the International Reporting Standard of SIX Swiss Exchange. On 29 March 2017, the shares of PIERER Mobility AG were included in the Swiss Performance Index (SPI) of SIX Swiss Exchange. Furthermore, the shares of PIERER Mobility AG are also listed on the Vienna Stock Exchange. Following the withdrawal from the prime market segment of the Vienna Stock Exchange, the shares of PIERER Mobility AG were initially traded in the “standard market” segment; since 28 April 2017, the shares have been listed in the “standard market auction” segment. PIERER Mobility AG also began listing its shares on the regulated market of the Frankfurt Stock Exchange on March 3, 2020.

Revocation of the admission of the shares to official trading on the Vienna Stock Exchange, Download PDF

Share Broker

The support provided by investment banks is an important element of the comprehensive investor relations activities of PIERER Mobility AG and is of particular importance for the perception of PIERER Mobility shares with investors.

PIERER Mobility has selected MainFirst Bank and Bank Vontobel as preferred brokers for PIERER Mobility shares (Ticker symbol: PMAG). For any inquiries related to the purchase or sale of PIERER Mobility shares please contact:

Shareholder structure

Ownership: 60.0 percent of PIERER Mobility AG is owned by Pierer Industrie AG, Wels, Austria. The free float is around 36.5 percent, own shares make up around 1.0% of the company’s share capital. Pierer Konzerngesellschaft mbh holds around 2.5%.

Pierer Industrie AG

Free Float

Pierer Konzerngesellschaft mbh

Own Shares

Share Analysis

Christian Arnold, CFA
MAINFIRST SCHWEIZ AG
Director, Equity Research, Swiss Industrials
Gartenstrasse 32, CH-8002 Zürich
T: +41 43 888 6153 I E-Mail

Andy Chambers
Edison Investment Research Limited
Analyst, Industrials
280 High Holborn, London WC1V 7EE
T: +44 20 3681 2525 I E-Mail

Mark Diethelm
Bank Vontobel AG I Investment Banking
Analyst, Executive Director
Gotthardstrasse 43, CH-8022 Zürich
T: +41 58 283 71 50 I E-Mail

Mustafa Hidir
Warburg Research GmbH
Analyst
Ferdinandstraße 75, D-20095 Hamburg
T: +49 40 309 537 230 I E-Mail

Coverage

BrokerRecommendationPrice targetLast updateResearch*
MainFirstJune 2020Company Note
M.M. WarburgBuyCHF 79July 2020Download Comment
VontobelBuylifted to CHF 71 (60)July 2020Download Comment
EdisonJuly 2020Download Comment

Edison have been engaged by PIERER Mobility Group to provide investment intelligence to support its capital markets activity. The below feed from Edison has been added to the website so interested parties can access the research provided to PIERER Mobility Group. Note that the Company accepts no responsibility for the content of the website you may access by following any links below or for any reliance placed by you or any person on the information contained therein.

Executive interview, April 17, 2020

Hidden Item
Coverage Archive

Edison
Initial Coverage, 4 February 2020
Comment, 20 March 2020
Comment, 29 May 2020

M.M.Warburg
Initial Coverage, 20 June 2019
Comment, 31 January 2020
Comment, 5 February 2020
Comment, 3 April 2020
Comment, 8 July 2020

Vontobel
Comment, 31 January 2020
Comment, 30 March 2020
Comment, 5 May 2020

* Legal Disclaimer:
This announcement is provided for information purposes only. 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 intended 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.

Guidance

On March 12, 2020 (adhoc), the published guidance for the financial year 2020 is thus canceled.

Key Figures

Earnings ratios1) 20152016201720182019
Revenuein m€
1,223.6
1,343.0
1,533.0
1,559.6
1,520.1
EBITDA in m€
178.4
198.4
218.9
252.2
240.8
EBIT in m€
112.9
122.3132.5
161.2
131.7
Earnings after taxesin m€
65.089.0
83.9
114.2
95.7
EBITDA marginin per cent
14.6%
14.8%
14.3%
16.2%
15.8%
EBIT marginin per cent
9.2%
9.1%8.6%
10.3%
8.7%
Balance sheet ratios 12/31/201512/31/201612/31/201712/31/201812/31/2019
Balance sheet totalin m€1,175.91,423.81,465.21,353.91,613.9
Equityin m€386.6454.9528.6550.8618.6
Equity ratioin per cent32.9%32.0%36.1%40.7%38.3%
Working capital employed 2)in m€243.3245.2238.4245.3274.2
Net debt 3)
in m€387.4364.6375.0323.3395.8
Gearing 4)
in per cent100.2%80.1%70.9%58.7%64.0%
Cash-Flow and capex 20152016201720182019
Cash-Flow from operating activitiesin m€
106.9
167.8
161.3
85.5
257.4
Cash-Flow from investing activitiesin m€-110.1-158.8-154.0-102.1-165.7
Cash-Flow from financing activitiesin m€50.7139.2-118.0-63.3-20.6
Capital expenditure 1) 5)in m€133.0144.4178.6183.6164.9
Employees 12/31/2015
12/31/2016
12/31/2017
12/31/2018
12/31/2019
Number of employees as of balance sheet date 1) 6)Number4,5535,0695,8874,3034,368
Value creation 12/31/2015
12/31/2016
12/31/2017
12/31/2018
12/31/2019
ROCE (Return on capital employed 7)in per cent14.2%13.9%13.9%16.6%12.7%
ROE (Return on equity) 8)
in per cent17.2%21.2%17.1%21.2%16.4%
ROIC (Return on Invested Capital) 9)
in per cent11.0%11.7%10.4%13.6%10.6%
Stock exchange ratios 10) 12/31/201512/31/201612/31/2017
12/31/2018
12/31/2019
Share price as of Dec. 31; SIX Swiss Exchange11)in CHF
-5.357.39
60.60
54.00
Number of shares11)in m shares
-225.39225.39
22.54
22.54
Market capitalization12)in m CHF
-1,205.821,665.61
1,365.84
1,217.09
Earnings per share 13)in €
-2.311.98
2.99
2.42
Book value per share 13) 14)in €
-20.1823.45
24.44
27.45

1) Previous years also include the discontinued operation (Pankl-Group)
2) Working Capital Employed = inventories + trade receivables – trade payables
3) Net debt = financial liabilities (current, non-current) – cash
4) Gearing = net debt / equity
5) Additions from property, plant and equipment and intangible assets according to schedule of investments; without first-time application effect of IFRS 16 as of January 1st, 2019
6) Number of employees on the reporting date (including temporary staff)
7) ROCE = EBIT / average capital employed, Capital employed = property, plant and equipment + goodwill + intangible assets + working capital employed
8) ROE = earnings after taxes / average equity
9) ROIC = NOPAT / average capital employed; NOPAT = EBIT – taxes
10) since November 14th, 2016 Listing on SIX Swiss Exchange
11) Reverse stock split in a ratio 10:1 in April 2018
12) Calculation also includes 108,015 numbers of treasury shares as of December 31st, 2019
13) Calculation in 2016 and 2017 adjusted to the new number of shares after reverse stock split in a ratio 10:1
14) Equity / number of shares

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Share Buyback Programm

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Approval document

Approval document