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PIERER Mobility AG increases forecast for the 2nd half of 2020

·2-min read

PIERER Mobility AG / Key word(s): Forecast/Change in Forecast
PIERER Mobility AG increases forecast for the 2nd half of 2020

28-Sep-2020 / 12:15 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 release

Wels, 28 September 2020

PIERER Mobility AG increases forecast for the 2nd half of 2020

- 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.

Legal Disclaimer
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 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.

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

28-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

PIERER Mobility AG

Edisonstrasse 1

4600 Wels

Austria

Phone:

+43 (0) 7242 69 402

E-mail:

ir@pierermobility.com

Internet:

www.pierermobility.com

ISIN:

AT0000KTMI02

WKN:

A2JKHY

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

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