PIERER Mobility AG / Key word(s): Half Year Results
Ad hoc announcement pursuant to Art. 53 LR
In the first half of 2021, PIERER Mobility AG sold a total of 176,045 motorcycles of the KTM, Husqvarna Motorcycles and GASGAS brands worldwide, taking into account the motorcycles sold via its Indian partner Bajaj (previous year: 90,331), almost doubling sales compared to the first half of 2020 (+95%). Furthermore, a total of 53,378 units were sold through the bicycle and e-bike division (+25%), which have been established very successfully. Of these, 39,601 were e-bikes and 13,777 were non e-bikes under the R RAYMON, HUSQVARNA and GASGAS brands.
Despite ongoing challenges in the supply chains, a total of 215,646 PTWs (motorcycles and e-bikes) were therefore sold worldwide (+73% compared to the previous year).
The continued upturn in Europe is being driven by strong demand for motorcycles in Italy (+53%), Spain (+41%) and France (+28%). Compared to the first half of 2020, the PIERER Mobility Group increased registrations of its three motorcycle brands of KTM, Husqvarna Motorcycles and GASGAS by 20.8% across Europe, with a combined market share of 11.3%. The company expanded its presence further in North America and Oceania, with a market share of 11.3% in the North American market (USA and Canada), and to 18.9% in the Australian/New Zealand market (Oceania). The development in India is also positive, with an increase of 59% (in the relevant S2/S3 segment) and a market share of 6.9% for the two KTM and Husqvarna brands which are represented in India.
As part of an apprentice drive, 80 more apprentices will begin their training this year. In total, the group is currently training around 200 apprentices.
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.
The half-year report for 2021 is now available on the company website at https://www.pierermobility.com/en/investor-relations/reports. The current investor presentation can be found at https://www.pierermobility.com/en/investor-relations/presentation.
The PIERER Mobility Group is Europe's leading manufacturer of "powered two-wheelers" (PTW). With its motorcycle brands KTM, HUSQVARNA Motorcycles and GASGAS, it is one of the European technology and market leaders, especially for premium motorcycles. In addition to powered two-wheelers equipped with combustion engines or innovative electric drives, the product portfolio also includes e-bikes. As a pioneer in electromobility for two-wheelers in the low-voltage range (48 volts) the group and its strategic partner Bajaj have the prerequisites to assume a leading global role. Entering into the e-bike business was another important step in intensifying activities in the field of two-wheeled electromobility. Electric bicycles are being driven forward under the brands HUSQVARNA E-Bicycles, R Raymon and GASGAS E-Bicycles in order to participate in the attractive market growth of the e-bicycle segment and to become a major international player. Thanks to our innovative strength, we see ourselves as the technology leader in the two-wheeler sector in Europe.
THIS ANNOUNCEMENT NEITHER CONSTITUTES AN OFFER TO SELL NOR IS IT AN INVITATION TO SUBMIT A PROPOSAL FOR THE ACQUISITION OF SECURITIES OF PIERER MOBILITY AG. THIS ANNOUNCEMENT IS NOT 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.
End of ad hoc announcement
- Investor Relations