PIERER Mobility AG / Key word(s): Forecast/Change in Forecast
- Continued positive demand for motorcycles and e-bicycles in the important markets of Europe, North America and Australia
Due to the sustained high demand for the motorcycles of the brands KTM, Husqvarna and GASGAS as well as the e-bikes / bicycles of the brands Husqvarna and R Raymon, the Management Board decided today to increase the sales forecast published at the end of August 2020 for the second half of 2020 to over € 850 Million (previously:> € 800 million). This means that sales for the second half of the year will be more than 10 percent higher than in the same period last year (€ 765.3 million).
Annual Group sales of more than € 1,450 million are therefore expected for the financial year 2020, with the E-Bikes / Bicycles division making a sales contribution of more than € 110 million. The expected EBIT margin for the financial year 2020 (4% to 6% of sales) and the positive free cash flow outlook of over € 30 million are confirmed unchanged.
28-Sep-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:||1137290|
|Valorennummer (Schweiz): 41860974Wertpapierkürzel: PMAG,Bloomberg: PMAG SE, PMAG GYReuters: PMAG.S|
|End of Announcement||DGAP News Service|