PIERER Mobility AG / Key word(s): Half Year Results/Development of Sales
- Sales: 124,682 motorcycles and e-bikes (previous year: 135,711)
- Boom in global two-wheeler demand
- Increase in production capacity and staff growth (+170 employees)
- Early 100% takeover of GASGAS
- Positive outlook for the 2nd half 2020
Sales: 124,682 motorcycles and e-bikes (previous year: 135,711)
Boom in global two-wheeler demand
After the two-month lockdown, the two-wheeler trade experienced a boom due to an apparently changed mobility behavior, which is reflected in double-digit growth rates in registrations in both the motorcycle and e-bicycle sectors.
The motorcycle market developed surprisingly strongly, particularly in North America (+ 20%) and Australia (+ 39%). Globally, motorcycle registrations rose by around 4 percent in the first half of the year, despite the Corona lockdown. The KTM and HUSQVARNA brands were particularly able to benefit from this and achieve high market share gains.
Early 100% takeover of GASGAS
PIERER Mobility Group takes over 100% of the shares in GASGAS Motorcycles GmbH ahead of time, positioning GASGAS as the third group brand in the off-road motorcycle sector for ambitious beginners and as the global market leader in trials. Furthermore, GASGAS complements its product portfolio with a sporty range in the high-end e-mountain bike sector.
Due to the strong global demand, the group expects sales to increase to more than EUR 800 million in the second half of 2020 and is therefore significantly higher than in the same period of the previous year (second half 2019: EUR 765.3 million). Annual sales for 2020 are expected to exceed EUR 1,400 million (FY 2019: EUR 1,520.1 million). The e-bike division will already contribute sales of more than EUR 110 million.
22-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||PIERER Mobility AG|
|Phone:||+43 (0) 7242 69 402|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange; SIX, Vienna Stock Exchange (Official Market)|
|EQS News ID:||1098913|
|Valorennummer (Schweiz): 41860974Wertpapierkürzel: PMAG,Bloomberg: PMAG SE, PMAG GYReuters: PMAG.S|
|End of Announcement||DGAP News Service|