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PIERER Mobility AG — Management Reports 2020
Sep 28, 2020
801_iss_2020-09-28_9e829200-39a5-45f2-8ba3-2afc6716644d.pdf
Management Reports
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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: [email protected] Website:www.pierermobility.com
28-Sep-2020 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.
Archive atwww.dgap.de
| Language: Company: |
English PIERER MobilityAG Edisonstrasse 1 4600 Wels Austria |
|---|---|
| Phone: | +43 (0) 7242 69 402 |
| E-mail: | [email protected] |
| 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