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.
Capital increase by contribution in kind 2021
Exclusion of subscription rights – Report of the Management Board pursuant to section 171 (1) in conjunction with section 153 (4) AktG of September 29, 2021
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:
- Stifel Europe Bank AG I Sales Trading Desk +49 69 78808 0
- Bank Vontobel AG, Sales Trading Desk +41 58 283 56 77
Shareholder structure
Ownership: Around 73.3 percent of PIERER Mobility AG is owned by Pierer Bajaj AG, Austria. Pierer Konzerngesellschaft mbH, Austria, holds around 3.0 percent. The free float is around 23.7 percent.
Pierer Bajaj AG, Austria
Free Float
Pierer Konzergesellschaft mbH, Austria
Share Analysis
Christian Arnold, CFA
STIFEL SCHWEIZ AG
Director, Equity Research, Swiss Industrials
Gartenstrasse 32, CH-8002 Zürich
T: +41 43 888 6153 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
Constantin Hesse
Jefferies International Limited
Equity Analyst
100 Bishopsgate, London EC2N 4JL
T: +44 20 7029 8543 I E-Mail
Coverage
| Broker | Recommendation | Price target | Last update | Research* |
| Jefferies | Buy | New up to CHF 93 (vs CHF 87) | 08/2022 | Equity Research |
| Stifel | Buy | CHF 90 (vs CHF 105) | 08/2022 | Company Note - Earnings update |
| Vontobel | Buy | New PT of CHF 95 (vs CHF 108) | 08/2022 | Download Comment (PDF, 139 KB) |
| Edison | 03/2022 | Termination of coverage |
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.
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Coverage Archive 2022
Vontobel
Comment, January 12, 2022 (PDF, 340 KB)
Comment, February 1, 2022 (PDF, 311 KB)
Comment, February 2, 2022 (PDF, 312 KB)
Comment, March 29, 2022 (PDF, 113 KB)
Comment, August 29, 2022 (PDF, 137 KB)
Edison
Comment, January 19, 2022 (PDF, 480 KB)
* 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.
Coverage Archive 2021
Edison
Comment, 15 February 2021 (PDF, 594 KB)
M.M.Warburg
Comment, 4 February 2021
Comment, 13 April 2021 (PDF, 1.1 MB)
Vontobel
Comment, 14 January 2021
Comment, 1 February 2021
Comment, 2 February 2021
Comment, 25 February 2021
Comment, 13 April 2021
Comment, 6 July 2021
Comment, 22 July 2021
Comment, 27 July 2021
Comment, 27 August 2021
Comment, 31 August 2021
Comment, 1 September 2021
Comment, 30 September 2021
Comment, 24 November 2021 (PDF, 160 KB)
* 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.
Coverage Archive 2019 - 2020
Edison
Initial Coverage, 4 February 2020
Comment, 20 March 2020
Comment, 29 May 2020
Comment, 23 July 2020
Comment, 1 October 2020
Comment, 28 October 2020
Comment, 15 December 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
Comment, 23 July 23 2020
Vontobel
Comment, 31 January 2020
Comment, 30 March 2020
Comment, 5 May 2020
Comment, 23 July 2020
Comment, 31 August 2020
Comment, 1 September 2020
Comment, 14 December 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
- Increase of the revenue forecast for the FY 2022 was published on August 29, 2022 (Ad hoc).
- The guidance for 2022 was published on January 31, 2022 (Ad hoc).
- Increase of the revenue and earnings forecast was published on January 11, 2022 (Ad hoc).
- Further increase in revenue forecast was published on August 26, 2021 (Ad hoc).
- The revenue forecast for 2021 was increased on April 12, 2021 (Ad hoc).
- The guidance for 2021 was published on February 24, 2021 (Ad hoc).
| Guidance 2022 | Key figures 2021 | Key figures 2020 | |
|---|---|---|---|
| Revenue growth in % / Revenues in EURm | 10 - 15% | 2,041.7 | 1,530.4 |
| EBIT margin | 8 - 10% | 9.5% | 7.0% |
| EBITDA margin | 15 - 17% | 16.3% | 15.3% |
Group Figures
Key financial performance indicators:
| Earnings ratios1) | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | in m€ | 1,343.0 | 1,533.0 | 1,559.6 | 1,520.1 | 1,530.4 |
| EBITDA | in m€ | 198.4 | 218.9 | 252.2 | 240.8 | 233.5 |
| EBIT | in m€ | 122.3 | 132.5 | 161.2 | 131.7 | 107.2 |
| EBITDA margin | in per cent | 14.8% | 14.3% | 16.2% | 15.8% | 15.3% |
| EBIT margin | in per cent | 9.1% | 8.6% | 10.3% | 8.7% | 7.0% |
Other financial figures:
| Earnings ratios 1) | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|
| Earnings after taxes | in m€ | 89.0 | 83.9 | 114.2 | 95.7 | 69.5 |
| Earnings after minorities | in m€ | 52.1 | 44.7 | 67.5 | 54.5 | 34.9 |
| Balance sheet ratios | 12/31/2016 | 12/31/2017 | 12/31/2018 | 12/31/2019 | 12/31/2020 | |
|---|---|---|---|---|---|---|
| Balance sheet total | in m€ | 1,423.8 | 1,465.2 | 1,353.9 | 1,613.9 | 1,686.0 |
| Equity | in m€ | 454.9 | 528.6 | 550.8 | 618.6 | 654.1 |
| Equity ratio | in per cent | 32.0% | 36.1% | 40.7% | 38.3% | 38.8% |
| Working capital employed 2) | in m€ | 245.2 | 238.4 | 245.3 | 274.2 | 181.5 |
| Net debt 3) | in m€ | 364.6 | 375.0 | 323.3 | 395.8 | 312.4 |
| Gearing 4) | in per cent | 80.1% | 70.9% | 58.7% | 64.0% | 47.8% |
| Cash-Flow and capex | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|
| Cash-Flow from operating activities | in m€ | 167.8 | 161.3 | 85.5 | 257.4 | 312.8 |
| Cash-Flow from investing activities | in m€ | -158.8 | -154.0 | -102.1 | -165.7 | -147.0 |
| Free cash flow 5) | in m€ | 9.0 | 7.3 | -16.7 | 91.6 | 165.8 |
| Cash-Flow from financing activities | in m€ | 139.2 | -118.0 | -63.3 | -20.6 | -104.7 |
| Capital expenditure 1) 5) | in m€ | 144.4 | 178.6 | 183.6 | 164.9 | 150.2 |
| Value creation | 12/31/2016 | 12/31/2017 | 12/31/2018 | 12/31/2019 | 12/31/2020 | |
|---|---|---|---|---|---|---|
| ROCE (Return on capital employed 7) | in per cent | 13.9% | 13.9% | 16.6% | 12.7% | 9.7% |
| ROE (Return on equity) 8) | in per cent | 21.2% | 17.1% | 21.2% | 16.4% | 10.9% |
| ROIC (Return on Invested Capital) 9) | in per cent | 11.7% | 10.4% | 13.6% | 10.6% | 7.7% |
| Stock exchange ratios 10) | 12/31/2016 | 12/31/2017 | 12/31/2018 | 12/31/2019 | 12/31/2020 | |
|---|---|---|---|---|---|---|
| Share price as of Dec. 31; SIX Swiss Exchange11) | in CHF | 5.35 | 7.39 | 60.60 | 54.00 | 71.10 |
| Number of shares11) | in m shares | 225.39 | 225.39 | 22.54 | 22.54 | 22.54 |
| Market capitalization12) | in m CHF | 1,205.82 | 1,665.61 | 1,365.84 | 1,217.09 | 1,602.50 |
| Earnings per share 13) | in € | 2.31 | 1.98 | 2.99 | 2.42 | 1.56 |
| Book value per share 13) 14) | in € | 20.18 | 23.45 | 24.44 | 27.45 | 29.02 |
Non-financials key performance indicators:
| 2016 | 2017 | 2018 | 2019 | 2020 | ||
|---|---|---|---|---|---|---|
| Employees 15) | Headcount | 5.069 | 5.887 | 4.303 | 4.368 | 4.586 |
| Unit sales total 16) | Number of units | 203.340 | 238.334 | 261.454 | 280.099 | 326.471 |
| Unit sales motorcycles 17) | Number of units | 203.340 | 238.334 | 261.454 | 280.099 | 270.407 |
| Unit sales e-bikes | Number of units | - | - | - | - | 56.064 |
Other non-financial figures
| 2016 | 2017 | 2018 | 2019 | 2020 | ||
|---|---|---|---|---|---|---|
| Production motorcycles worldwide 18) | Number of units | 199.068 | 243.442 | 259.051 | 260.564 | 265.321 |
| Production motorcycles in Mattighofen 19) | Number of units | 134.584 | 151.645 | 171.297 | 160.098 | 140.252 |
| t CO2-e per vehicle sold (Scope 1-3) | in t CO2-e | - | - | 3.84 | 3.82 | 3.66 |
| Fleet emissions | Ø in g/km | - | - | 81.82 | 79.09 | 78.44 |
| Fleet consumption | Ø in l/100 km | - | - | 3.52 | 3.41 | 3.40 |
| Employees in R&D as % of total employees | in per cent | 15.10 | 14.50 | 15.80 | 18.10 | 17.60 |
| R&D expenses from revenue | in per cent | 7.90 | 8.30 | 8.70 | 9.10 | 9.00 |
| Proportion of female employees | in per cent | - | - | 22.96 | 22.59 | 22.37 |
1) Previous years 2016 to 2018 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) Free cash flow = cash flow from operating activities + cash flow from investing activities
6) Additions to property, plant and equipment and intangible assets according to the schedule of investments, excluding lease additions (IFRS 16)
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
15) Number of employees on the reporting day (including temporary staff); Previous years 2016 to 2018 also include the discontinued operation (Pankl-Group)
16) Including motorcycles sold by partner Bajaj; excluding non e-bikes
17) Including motorcycles sold by partner Bajaj
18) Including small-engine KTM and Husqvarna models produced by partner Bajaj in India; from 2020 including the number of units produced in Spain (3,092)
19) Annual production units at the headquarter in Austria
Share Buyback Programm
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Share buyback program 2019 / 2020 / 2021
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Publications
Publication pursuant to § 6 (1) Austrian Publication Regulation 2018 of April 6, 2020
Publication pursuant to § 65 (1a) in conjunction with (1b) Austrian Stock Corporation Act (AktG) and § 119 (9) Austrian Stock Exchange Act (BörseG 2018) in conjunction with §§ 4s Austrian Publication Regulation 2018 (VeröffentlichungsV 2018) of 14.10.2019
Announcement pursuant to § 6(1) of the Austrian Disclosure Regulation 2018 of January 20, 2021
Announcement pursuant to § 7(4) of the Austrian Disclosure Regulation 2018 of January 21, 2021
Notifications – Charts Transactions
2020
Calendar week 15/2020
Calendar week 14/2020
Calendar week 13/2020
Calendar week 12/2020
Calendar week 11/2020
Calendar week 10/2020
Calendar week 9/2020
Calendar week 8/2020
Calendar week 7/2020
Calendar week 6/2020
Calendar week 5/2020
Calendar week 4/2020
Calendar week 3/2020
Calendar week 2/2020
Calendar week 1/2020
2019
Calendar week 52/2019
Calendar week 51/2019
Calendar week 50/2019
Calendar week 49/2019
Calendar week 48/2019
Calendar week 47/2019
Calendar week 46/2019
Calendar week 45/2019
Calendar week 44/2019
Calendar week 43/2019
Share sale program 2015/16
Approval document
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Approval document 2022
Approval document as of February 9, 2022 (German only)
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Approval document 2021
(1) Prospectus dated October 14, 2021 (German only)
(2) Current excerpt from the companies’ registry of the Issuer as of October 14, 2021 (German only)
(3) Current Articles of Association of the Issuer
(4) The audited consolidated financial statements of the Issuer as of December 31, 2020 (German only)
(5) The audited consolidated financial statements of the Issuer as of December 31, 2019 (German only)
(6) The audited consolidated financial statements of the Issuer as of December 31, 2018 (German only)
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Approval document 2020
Approval document as of February 28, 2020 (German only)