PIERER Mobility AG

Management Reports • Sep 28, 2020

DGAP-Ad-hoc: PIERER MobilityAG/ Keyword(s): Forecast/Change in Forecast PIERER MobilityAGincreases forecast for the 2nd half of 2020

28-Sep-2020 / 12:15 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, 28 September 2020

PIERERMobilityAGincreases forecast for the 2 nd half of 2020

- Continuedpositive demandfor motorcycles ande-bicycles inthe important markets of Europe,NorthAmerica andAustralia

Due to the sustained high demand for the motorcycles of the brands KTM,Husqvarna andGASGASas well as the e-bikes / bicycles of the brands Husqvarna and RRaymon, the Management Board decided todayto increase the sales forecast published at the end ofAugust 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 EBITmargin for the financial year 2020 (4%to 6%of sales) and the positive free cash flowoutlook of over € 30 million are confirmed unchanged.

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Contact

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

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Language: Company:	English 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:	1137290

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

End ofAnnouncement DGAPNews Service