on PIERER Mobility AG (isin : AT0000KTMI02)
PIERER Mobility AG Releases Preliminary 2024 Financials Amid Restructuring
PIERER Mobility AG has announced preliminary financial figures for 2024, indicating challenging conditions with revenues dropping by 29% to €1,879 million. The company reported an EBITDA of €-484 million and an EBIT of €-1,188 million, showing significant financial strain. Equity was reported as negative, standing at €-199 million at year-end. Amid restructuring, PIERER's workforce decreased by 874 employees in 2024.
The company is seeking investor backing to support restructuring initiatives estimated at €600 million. The restructuring plan for its subsidiary KTM AG was approved by creditors, with a payment deadline of May 23, 2025. Liquidity for production ramp-up has been secured through a €150 million infusion from Bajaj Auto.
Sales slumped in 2024, with motorcycle sales down 21% and significant inventory reductions underway. The outlook for 2025 remains cautious, predicting continued negative operating results before potential restructuring profits materialize.
R. E.
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