EQS-News

PIERER Mobility AG: Strong performance in the first half of 2022 - Seite 2

Growth was particularly strong in North America, where 44,689 motorcycles were sold. This represented an increase of 47% compared to the first half of 2021. In Europe, supply chain issues were particularly acute for PIERER Mobility AG, with 61,435 motorcycles sold in the first half of the year (-15% year-on-year). In Australia/New Zealand, 6,707 motorcycles were sold. In India, too, the lack of availability of parts led to a decline in the number of motorcycles sold to 18,251 units (previous year: 30,561). Although the entire motorcycle market was affected by supply chain issues and recorded slightly declining rates of growth in the first half of 2022, the PIERER Mobility Group was able to largely stabilize its market shares in the global markets.

Development of market shares in the key markets

The European motorcycle market recorded almost 400,000 registrations in the first six months of 2022, down slightly on the first half of 2021 (-3%). The Netherlands (+20%), the United Kingdom (+13%) and Italy (+6%) showed positive growth rates, while in Germany demand declined slightly by -7% compared to the first half of 2021. In the European market, registrations of the three KTM, Husqvarna Motorcycles and GASGAS brands reached a combined market share of 9.9%. This represents a decrease of 1.8% compared to December 31, 2021.

In the US market, the largest single market for motorcycles for PIERER Mobility, the trend was similar to Europe, with a slight decrease of -4% in registrations in the first half of 2022 totaling 239,000 motorcycle registrations. In North America (USA, Canada), the current market share of the Group with its three motorcycle brands is 10.6% (end of 2021: USA: 11.3%, Canada: 14.1 %).

In addition to Europe and the USA, the Australian/New Zealand market (Oceania) also recorded a slight decrease of 4% in the first half of 2022 compared to the same period last year, with approximately 35,000 motorcycles registered, with PIERER Mobility's three brands stabilizing their market share at 19.0% (December 31, 2021: 19.7%).

The key Indian motorcycle market recovered during 2022 with a 5% year-on-year increase (total registrations as of June 30, 2022: 440,000 motorcycles), but at the same time there has been a decline in the market share of KTM and Husqvarna Motorcycles, the two brands represented in India, to 4% (December 31, 2021: 7%).