PIERER Mobility AG

Earnings Release • Jan 11, 2022

News Details

Ad-hoc | 11 January 2022 19:40

PIERER Mobility AG: Another record year in 2021 / Increase of the revenue and earnings forecast for the 2021 financial year

PIERER Mobility AG / Key word(s): Change in Forecast

PIERER Mobility AG: Another record year in 2021 / Increase of the revenue and earnings forecast for the 2021 financial year

11-Jan-2022 / 19:40 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.

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**Ad hoc announcement pursuant to article 17 Regulation (EU) No 596/2014 (MAR)

Ad hoc announcement pursuant to article 53 LR**

Wels, January 11, 2022

**PIERER Mobility AG: Another record year in 2021

Increase of the revenue and earnings forecast for the 2021 financial year**

• Motorcycle sales 332,881 (+23%)
• Bicycle sales 102,753 (+40%), thereof 76,916 E-bicycles (+37%)
• Expected revenue for 2021 in the range of EUR 2,020 million to EUR 2,040 million (+32%)
• Expected EBIT margin between 9.0% and 9.5%

With 332,881 motorcycles (previous year: 270,407) sold in the 2021 financial year, PIERER Mobility achieved its 11 th record year in a row and a sales volume increase of 23%. In Europe, the sales volume was around 120,000 motorcycles and about two thirds of the motorcycles (approx. 210,000) were sold in the markets outside Europe, and here in particular in North America, India and Australia.

In addition, the bicycle division with the HUSQVARNA, R RAYMON and GASGAS brands achieved a sales growth of more than 40% and sold 102,753 bicycles (previous year: 73,277), of which 76,916 were E-bicycles (previous year: 56,064).

Increase of the revenue and earnings forecast for the 2021 financial year

The executive board raises the revenue forecast for the 2021 financial year to EUR 2,020 million – EUR 2,040 million (previous 2021 revenue forecast range: EUR 1,900 million – EUR 2,000 million). Furthermore, the executive board is raising the forecast for the EBIT margin to 9.0% – 9.5% (previous EBIT margin range for 2021: 8% – 9%).

The preliminary key figures of the PIERER Mobility Group for the 2021 financial year will be published on February 1, 2022.

About PIERER Mobility AG

The PIERER Mobility Group is Europe’s leading manufacturer of “powered two-wheelers”. With its premium motorcycle brands KTM, Husqvarna Motorcycles and GASGAS, it is one of the European technology and market leaders. In addition to vehicles with combustion engines, the product portfolio also includes emission-free two-wheelers with electric drives (e-motorcycles, e-bicycles and e-scooters). As a pioneer in electromobility for two-wheelers, the Group and its strategic partner Bajaj have the prerequisites to assume a leading global role in the low-voltage range (48 volts). Entering into the e-bicycle segment with PIERER E-Bikes GmbH was another important step in intensifying activities in the field of bicycle electromobility. Bicycles are being driven forward under the brands Husqvarna E-Bicycles, R Raymon, GASGAS and FELT Bicycles in order to participate in the attractive market growth in this segment and to become a major international player in this field.

Contact

Investor Relations

Mag. Michaela Friepeß

Tel.: +43 (0)7242 / 69402

Email: ir@pierermobility.com

Website: www.pierermobility.com

ISIN: AT0000KTMI02; Swiss Valor Number 41860974; Ticker Symbol: PMAG;

Bloomberg: PMAG SE, PMAG GY;

Reuters: PMAG.S

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11-Jan-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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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, Stuttgart, Tradegate Exchange; SIX
EQS News ID:	1267557

Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PMAG, Bloomberg: PMAG SE, PMAG GY Reuters: PMAG.S

End of Announcement	DGAP News Service