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.

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 Bank Vontobel as preferred broker for PIERER Mobility shares (Ticker symbol: PMAG). For any inquiries related to the purchase or sale of PIERER Mobility shares please contact:
Bank Vontobel AG
Sales Trading Desk: +41 58 283 56 77

Shareholder structure

Ownership: about 60,9 percent of PIERER Mobility AG is owned by Pierer Industrie AG, Wels, Austria. The free float is about 39,1 percent.

Pierer Industrie AG

Free Float

Coverage

BrokerRecommendationTarget Last UpdateResearch
EdisonFebruary 2020Initiation of coverageDownload PDF
M.M. WarburgBuy80 CHFFebruary 2020CommentDownload PDF
M.M. WarburgBuy90 CHFJanuary 2020CommentDownload PDF
M.M. WarburgBuy90 CHFJuly 2019Initial Coverage Download PDF
Bank VontobelBuy89 CHFJanuary 2020CommentDownload PDF
Bank VontobelBuy94 CHFJanuary 2019

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.

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.

Interview – EKF 2019

Guidance

Guidance2020
Revenue growth (p.a.)8 – 10%
EBIT margin
6 – 8%
EBITDA margin
14 – 16%
CAPEX 1) in EUR (incl. leasing)~160 million
Gearing55 – 65%
Net Debt / EBITDA1.6 – 1.8x
Free Cash Flow in EURm45 – 55 million
Dividend policyStable and conservative payout level

Source: PIERER Mobility AG
1) Definition: Additions of property, plant & equipment (PP&E) and intangible assets according to the fixed assets schedule

Guidance 2020 (update 01/30/2020)

Key Figures

Earnings ratios 20142015201620172018Chg. in %
Revenuein m€
1,086.3
1,223.6
1,343.0
1,533.0
1,559.6
2
EBITDA in m€
148.1
178.4
198.4
218.9
252.2
15
EBIT in m€
93.0
112.9
122.3132.5
161.2
22
Earnings after taxesin m€
57.0
65.089.0
83.9
114.2
36
EBITDA marginin %
13.6%
14.6%
14.8%
14.3%
16.2%
EBIT marginin %
8.6%

9.2%
9.1%8.6%
10.3%
Balance sheet ratios 12/31/201412/31/201512/31/201612/31/201712/31/2018Chg. in %
Balance sheet totalin m€1,031.11,175.91,423.81,465.21,353.9-8
Equityin m€370.9386.6454.9528.6550.84
Equity ratioin %36.0%32.9%32.0%36.1%40.7%
Working capital employed 1)in m€206.8243.3245.2238.4245.33
Net debt 2)
in m€351.1387.4364.6375.0323.3-14
Gearing 3)
in %85.0%100.2%80.1%70.9%58.7%
Cash-Flow and capex 20142015201620172018Chg. in %
Cash-Flow from operating activitiesin m€
82.4
106.9
167.8
161.3
85.5
-47
Cash-Flow from investing activitiesin m€-72.0-110.1-158.8-154.0-102.1-34
Cash-Flow from financing activitiesin m€32.750.7139.2-118.0-63.3-46
Capital expenditure 4)in m€108.4133.0144.4178.6183.63
Employees 12/31/2014
12/31/2015
12/31/2016
12/31/2017
12/31/2018
Chg. in %
Number of employees as of balance sheet date 5)Number4,1824,5535,0695,8874,303
Value creation 12/31/2014
12/31/2015
12/31/2016
12/31/2017
12/31/2018
ROCE (Return on capital employed 6)in %12.9%14.2%13.9%13.9%16.6%
ROE (Return on equity) 7)
in %16.8%17.2%21.2%17.1%21.2%
ROIC (Return on Invested Capital) 8)
in %10.5%11.0%11.7%10.4%13.6%
Stock exchange ratios 9) 12/31/201412/31/201512/31/201612/31/2017
12/31/2018
Chg. in %
Share price as of 31 Dec.; SIX Swiss Exchangein CHF
--5.35 CHF7.39 CHF
60.60* CHF
-
Number of shares issuedin m shares
--225.39225.39
22.54
-
Market capitalizationin m CHF
--1,205.821,665.61
1,365.84
-18
Earnings per share 10)in €
--2.311.98
2.99
51
Book value per share 11)in €
--20.1823.45
24.44
4

1) Working capital = stock + trade receivables – trade payables
2) Net financial debt = financial liabilities (current, non-current) – cash
3) Gearing = net financial debt/equity
4) Additions from property, plant and equipment and intangible assets according to schedule of investments
5) Number of employees on the reporting date (including temporary staff), previous years include Pankl Racing Systems AG
6) ROCE = EBIT/average capital employed; Capital employed = property, plant and Equipment + Goodwill + intangible assets + working capital employed
7) ROE = net result after tax/average equity
8) ROIC = NOPAT / average Capital Employed; NOPAT = EBIT – taxes
9) since Nov. 14, 2016 Listing on SIX Swiss Exchange
10) Previous year’s calculation adjusted to the new Number of shares
11) Equity / Number of Shares; Previous year’s calculation adjusted to the new Number of Shares
*) Price per share after reverse stock split

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Share Buyback Programm

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