General information about PIERER Mobility AG share
The shares of PIERER Mobility AG have had a primary listing in the International Reporting Standard of the SIX Swiss Exchange since November 14, 2016. The shares of PIERER Mobility AG were accepted into the Swiss Performance Index (SPI) of the SIX Swiss Exchange on March 29, 2017. Since September 19, 2022, PMAG shares have also been listed in the Sustainability Index of the SIX Swiss Exchange (SPI ESG / SPI ESG Weighted Indices). Since March 1, 2022, the shares of PIERER Mobility AG have also been listed on the prime market, the top segment of the Vienna Stock Exchange. From March 3, 2020 to October 18, 2022, PIERER Mobility AG shares were also listed on the regulated market of the Frankfurt Stock Exchange (General Standard).
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
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:
- Jefferies International Ltd. I Sales Trading Desk +44 20 7898 7794
- Stifel Europe Bank AG I Sales Trading Desk +49 69 78808 0
- Bank Vontobel AG I Sales Trading Desk +41 58 283 56 77
Shareholder structure
Ownership: Around 74.0 percent of PIERER Mobility AG is owned by Pierer Bajaj AG, Austria. Pierer Konzerngesellschaft mbH, Austria, holds around 1.2 percent. The free float is around 24.8 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: CHF 95.00 (vs CHF 90.00) | 05/25/2023 | Equity research |
| Stifel | Buy | CHF 95.00 (confirmed) | 05/25/2023 | Company update |
| Vontobel | Buy | CHF 95.00 (confirmed) | 05/25/2023 | Download Comment (PDF, 111 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.
Hidden Item
Coverage Archive 2023
Vontobel
Comment, January 4, 2023 (PDF, 140 KB)
Comment, January 10, 2023 (PDF, 144 KB)
Comment, January 12, 2023 (PDF, 110 KB)
Comment, January 31, 2023 (PDF, 132 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 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)
Comment, August 31, 2022 (PDF, 139 KB)
Comment, December 28, 2022 (PDF, 110 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
- The guidance for 2023 was published on January 9, 2023 (Ad hoc).
- Increase of revenue forecast for the FY 2022 was published on December 27, 2022 (Ad hoc).
- Increase of 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).
| Outlook 2023 | Key figures 2022 | Key figures 2021 | Key figures 2020 | |
|---|---|---|---|---|
| Revenue growth in % / Revenues in EURm | 6 - 10% | 2,437.2 | 2,041.7 | 1,530.4 |
| EBIT margin | 8 - 10% | 9.7% | 9.5% | 7.0% |
| EBITDA margin | 15.6% | 16.3% | 15.3% |
Group Figures
Key financial performance indicators:
| Earnings ratios1) | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue | in m€ | 1,559.6 | 1,520.1 | 1,530.4 | 2,041.7 | 2,437.2 |
| EBITDA | in m€ | 252.2 | 240.8 | 233.5 | 332.2 | 381.1 |
| EBIT | in m€ | 161.2 | 131.7 | 107.2 | 193.5 | 235.3 |
| EBITDA margin | in per cent | 16.2% | 15.8% | 15.3% | 16.3% | 15.6% |
| EBIT margin | in per cent | 10.3% | 8.7% | 7.0% | 9.5% | 9.7% |
Other financial figures:
| Earnings ratios 1) | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Earnings after taxes | in m€ | 114.2 | 95.7 | 69.5 | 142.9 | 170.6 |
| Earnings after minorities | in m€ | 67.5 | 54.5 | 34.9 | 82.5 | 169.9 |
| Balance sheet ratios | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | |
|---|---|---|---|---|---|---|
| Balance sheet total | in m€ | 1,353.9 | 1,613.9 | 1,686.0 | 2,033.7 | 2,550.6 |
| Equity | in m€ | 550.8 | 618.6 | 654.1 | 765.6 | 914.4 |
| Equity ratio | in per cent | 40.7% | 38.3% | 38.8% | 37.6% | 35.8% |
| Working capital employed 2) | in m€ | 245.3 | 274.2 | 181.5 | 160.5 | 186.7 |
| Net debt 3) | in m€ | 323.3 | 395.8 | 312.4 | 189.9 | 256.5 |
| Gearing 4) | in per cent | 58.7% | 64.0% | 47.8% | 24.8% | 28.1% |
| Cash-Flow and capex | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Cash-Flow from operating activities | in m€ | 85.5 | 257.4 | 312.8 | 367.4 | 280.3 |
| Cash-Flow from investing activities | in m€ | -102.1 | -165.7 | -147.0 | -195.1 | -283.1 |
| Free cash flow 5) | in m€ | -16.7 | 91.6 | 165.8 | 172.2 | -2.8 |
| Cash-Flow from financing activities | in m€ | -63.3 | -20.6 | -104.7 | -27.6 | -91.3 |
| Capital expenditure 1) 6) | in m€ | 165.1 | 148.9 | 150.2 | 178.5 | 267.5 |
| Value creation | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 |
|
|---|---|---|---|---|---|---|
| ROCE (Return on capital employed 7) | in per cent | 16.6% | 12.7% | 9.7% | 17.4% | 19.2% |
| ROE (Return on equity) 8) | in per cent | 21.2% | 16.4% | 10.9% | 20.1% | 20.3% |
| ROIC (Return on Invested Capital) 9) | in per cent | 13.6% | 10.6% | 7.7% | 13.0% | 15.5% |
| Stock exchange ratios 10) | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 |
|
|---|---|---|---|---|---|---|
| Share price as of Dec. 31; SIX Swiss Exchange11) | in CHF | 60.60 | 54.00 | 71.10 | 94.0 | 67.10 |
| Number of shares11) | in m shares | 22.54 | 22.54 | 22.54 | 33.80 | 33.80 |
| Market capitalization | in m CHF | 1,365.84 | 1,217.09 | 1,602.50 | 3,176.87 | 2,267.75 |
| Earnings per share | in € | 2.99 | 2.42 | 1.56 | 3.34 | 5.03 |
| Book value per share 12) | in € | 24.44 | 27.45 | 29.02 | 22.65 | 27.06 |
Non-financials key performance indicators:
| 2018 | 2019 | 2020 | 2021 | 2022 | ||
|---|---|---|---|---|---|---|
| Employees 13) | headcount | 4,303 | 4,368 | 4,586 | 5,249 | 6,088 |
| Unit sales motorcycles 14) | number of units | 261,454 | 280,099 | 270,407 | 332,881 | 375,492 |
| Unit sales e-bikes | number of units | - | - | 56,064 | 76,916 | 47,479 |
| Unit sales Powered Two-Wheelers (PTWs) 15) | number of units | 261,454 | 280,099 | 326,471 | 409,797 | 449,971 |
| Unit sales bicycles (without electric drive) | number of units | - | - | 17,213 | 25,837 | 43,986 |
| Unit sales total: motorcycles and (e)-bicycles | number of units | 261,454 | 280,099 | 343,684 | 435,634 | 493,957 |
Other non-financial figures:
| 2018 | 2019 | 2020 | 2021 | 2022 | ||
|---|---|---|---|---|---|---|
| Production motorcycles worldwide 16) | number of units | 259,051 | 260,564 | 265,321 | 323,931 | 381,823 |
| Production motorcycles in Mattighofen 17) | number of units | 171,297 | 160,098 | 140,252 | 178,992 | 222,041 |
| t CO2-e per vehicle sold (Scope 1-3)18) | in t CO2-e | 3.84 | 3.83 | 3.67 | 2.92 | 3.74 |
| Fleet emissions motorcycles 19) | Ø in g/km | 81.82 | 79.09 | 78.67 | 79.36 | 79.59 |
| Fleet consumption | Ø in l/100 km | 3.52 | 3.41 | 3.39 | 3.41 | 3.39 |
| Employees in R&D as % of total employees | in percent | 15.80 | 18.10 | 17.60 | 18.60 | 19.40 |
| R&D expenses from revenue | in percent | 8.70 | 9.10 | 9.00 | 8.00 | 8.70 |
| Proportion of female employees | in percent | 22.96 | 22.59 | 22.37 | 24.16 | 25.43 |
1) Previous year 2018 also includes 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) Equity / number of shares
13) Number of employees on the reporting day (including temporary staff); Previous year 2018 also includes the discontinued operation (Pankl-Group)
14) Including motorcycles sold by partner Bajaj
15) Including motorcycles sold by partner Bajaj; excluding bicycles without electric drive
16) Since 2020 including offroad models produced by GASGAS in Spain, including small-engine KTM and Husqvarna models produced by partner Bajaj in India (also for the local market in India), including KTM street models produced by partner CKM in China (JV with CFMOTO) (also for the local market in China).
17) Annual production units at the headquarter in Austria, exluding X-BOW
18) Calculation exluding e-bicycles, adjusted retrospectively also for the year 2021.
19) CO2 fleet emissions increased by only 0.06 g/km in the reporting year, due to the unabated strong growth in sales of ICE models with medium annd large displacements (> 500cm3). The incorrectly recorded CO2 emission value of a KTM model from partner Bajaj was adjusted retrospectively for the reporting years 2021 and 2020.
Download PDF (43 KB)
Share Buyback Programm
Hidden item
Share buyback program 2019 / 2020 / 2021
Advertisement Repurchase
Advertisement Repurchase
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
Hidden item
Approval document 2022
Approval document as of February 9, 2022 (German only)
Hidden item
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)
Hidden item
Approval document 2020
Approval document as of February 28, 2020 (German only)