PIERER Mobility AG: Further increase in revenue forecast for the 2021 fiscal year

PIERER Mobility AG / Key word(s): Change in Forecast
PIERER Mobility AG: Further increase in revenue forecast for the 2021 fiscal year

26-Aug-2021 / 17:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad hoc announcement pursuant to article 17 of Regulation (EU) NO 596/2014 (MAR)
Ad hoc announcement pursuant to Art. 53 KR


Wels, 26 August 2021

PIERER Mobility AG: Further increase in revenue forecast for the 2021 fiscal year

  • Continued positive global demand for motorized two-wheelers (motorcycles and e-bicycles) leads to further increase in the revenue forecast

Due to the continued positive global demand for motorized two-wheelers (motorcycles and e-bicycles), the Executive Board today announces that it is again raising the revenue guidance for the 2021 fiscal year published in April 2021.

Despite the ongoing COVID-19 related supply chain challenges, the outlook remains positive and the Executive Board raises the revenue guidance for the 2021 fiscal year to EUR 1,900 million - EUR 2,000 million (previous 2021 revenue guidance: EUR 1,850 million - EUR 1,950 million). The forecast for the EBIT margin in the amount of 8 - 9% and the EBITDA margin > 15% remains unchanged.


Contact
Investor relations
Michaela Friepeß, Tel.: +43 (0)7242 / 69402
Email: ir@pierermobility.com
Website: www.pierermobility.com


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