PIERER Mobility AG

Earnings Release • Jul 22, 2020

DGAP-Ad-hoc: PIERER MobilityAG/ Keyword(s):Half Year Results/Development of Sales PIERER MobilityAG: Positive result in the first half of the year despite Covid lockdown

22-Jul-2020 / 07:00 CET/CEST

Disclosure of an inside information acc. toArticle 17 MARof the Regulation (EU) No 596/2014, transmitted byDGAP- a service of EQS GroupAG. The issuer is solelyresponsible for the content of this announcement.

Ad-hoc Release

Wels, 22 July2020

PIERERMobilityAG:Positive result inthe first half of the year despite Covidlockdown

• Sales:124,682 motorcycles ande-bikes (previous year:135,711)
• - Boominglobal two-wheeler demand
• - Increase inproductioncapacityandstaff growth(+170 employees)
• - Early100%takeover ofGASGAS
• - Positive outlook for the 2 nd half 2020

Sales:124,682 motorcycles ande-bikes (previous year:135,711)

In the first half of 2020, over 70,171 KTM,HUSQVARNAandGASGASmotorcycles and 34,351 HUSQVARNAand RRAYMONe-bikes were sold. This corresponds to an increase of +1.3%compared to the previous year. In addition, the Indian partner Bajaj sold 20,160 (previous year: 32,539) motorcycles under the KTMand HUSQVARNAbrands in its markets hard hit byCorona in the first sixmonths.Due to the Corona-related two-month interruption of the production, PIERER MobilityAGexpects sales of EUR600 million (first half 2019: EUR754.9 million), but alreadyin the first half of the year a positive EBITof EUR1.7 million (first half 2019: EUR46.6 million).

Boominglobal two-wheeler demand

After the two-month lockdown, the two-wheeler trade experienced a boom due to an apparentlychanged mobilitybehavior,which is reflected in double-digit growth rates in registrations in both the motorcycle and e-bicycle sectors.

The motorcycle market developed surprisinglystrongly, particularlyin NorthAmerica (+ 20%) andAustralia (+ 39%).Globally, motorcycle registrations rose byaround 4 percent in the first half of the year, despite the Corona lockdown. The KTMand HUSQVARNAbrands were particularlyable to benefit from this and achieve high market share gains.

Increase inproductioncapacityandstaff growth(+170 employees)

In order to be able to cover the increasing demand for two-wheelers and the necessaryincrease in production capacity, 170 additional employees have been hired for theAustrian facilities since the beginning of June 2020. The worldwide headcount thus increases to more than 4,400 employees.

Early100%takeover ofGASGAS

PIERER MobilityGroup takes over 100%of the shares inGASGASMotorcycles GmbHahead of time, positioningGASGASas the third group brand in the off-road motorcycle sector for ambitious beginners and as the global market leader in trials. Furthermore,GASGAS complements its product portfolio with a sportyrange in the high-end e-mountain bike sector.

Positive outlook for the 2 nd half 2020

Due to the strong global demand, the group expects sales to increase to more than EUR800 million in the second half of 2020 and is therefore significantlyhigher than in the same period of the previous year (second half 2019: EUR765.3 million).Annual sales for 2020 are expected to exceed EUR1,400 million (FY2019: EUR1,520.1 million). The e-bike division will alreadycontribute sales of more than EUR110 million.

About theGroup

The PIERER MobilityGroup is Europe's leading manufacturer of"powered two-wheelers"(PTW). With its globallyknown motorcycle brands KTM,HUSQVARNAandGASGAS, it is one of the European technologyand market leaders, especiallyfor premium motorcycles.All drive technologies - from combustion engines to electric motors - are produced in series and are used.As a pioneer in electromobilityfor 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. With the take-over of the electric bicycle business from PEXCOthe group took a next step into the segment of 2-wheel electro mobility. E-bicycle activities will be promoted under the brands HUSQVARNAE-Bicycles and RRaymon in order to participate in the attractive market growth of the e-bicycle segment and to become a major international player there. Thanks to our innovative strength,we see ourselves as the technologyleader in the two-wheeler sector in Europe. The partnership with Bajaj, India's second largest motorcycle manufacturer, strengthens competitiveness in global markets.

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

Language:	English
Company:	PIERER MobilityAG
	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)
EQSNews ID:	1098913

Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PMAG, Bloomberg: PMAGSE, PMAGGYReuters: PMAG.S

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