EQS-News

PIERER Mobility AG: Strong performance in the first half of 2022

EQS-News: PIERER Mobility AG / Key word(s): Half Year Results PIERER Mobility AG: Strong performance in the first half of 2022 30.08.2022 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate news

Wels, August 30, 2022

PIERER Mobility AG: Strong performance in the first half of 2022

• Revenue: € 1,154.1 million (+7.1% vs. H1 2021)
• EBIT: € 92.8 million (-9.6% vs. H1 2021)
• Sales: 163,334 motorcycles (-7.2% vs. H1 2021)
• Sales: 51,417 e-bicycles & bicycles (-3.7% vs. H1 2021)
• Headcount increased by 768 to a total of 5,656 employees
• Guidance for 2022 increased
   

Development of sales and revenue in H1 2022 – Strong performance despite tougher supply chain issues

In the first half of 2022, the PIERER Mobility Group increased group revenue by 7.1% to € 1,154.1 million (previous year: € 1,078.0 million). The EBIT of € 92.8 million in the reporting period was below the figure for the previous year of € 102.6 million.

Against the backdrop of difficulties in the supply chain affecting both segments and the associated supply bottlenecks, the Motorcycle Division of PIERER Mobility AG sold a total of 163,334 KTM, Husqvarna and GASGAS motorcycles in the first six months of the financial year (previous year: 176,045). Including the models sold by our partner Bajaj, unit sales in the first half of 2022 are therefore just 7.2% below the previous year. In the Bicycle Division, a total of 51,417 units were sold (-3.7%). Of these, 34,829 were e-bicycles (previous year: 39,601) and 16,588 were conventional bicycles (previous year: 13,777) of the Husqvarna, GASGAS, FELT and R Raymon brands.

In terms of unit sales, it was therefore not possible to fully meet demand in either segment in the first half of the year.  Due to backlogs of parts – especially in the area of electronics – motorcycles and also e-bicycles could not be fully assembled. These vehicles were therefore delayed in going on sale until the start of the second half of the year. Despite these tougher ongoing supply chain issues, a total of 198,163 Powered Two-Wheelers (PTWs - motorcycles and e-bicycles) were sold worldwide (-8.1% year-on-year).