EQS-News

PIERER Mobility AG: Strong performance in the first half of 2022 - Seite 3

As products increasingly become available from the second half of the year, the PIERER Mobility Group will strengthen its market presence in its target markets and expand its market shares in the relevant premium motorcycle segments.

For the Bicycle Division, the most important sales markets are currently in Europe (Germany, Austria, France, Italy and Switzerland). In the period under review, most sales were made in the DACH region (68%) followed by the rest of Europe (15%) and other countries worldwide (17%), in particular in North America.

Headcount increased by 768 which is now 5,656 employees

As of June 30, 2022, the PIERER Mobility Group employed 5,656 people, with around 21% of them working in research & development. Compared to the first half of 2021, the Group was therefore able to increase its headcount by 768 people. Most of the new appointments were in production. When it comes to recruiting employees, there continues to be an increased focus on the various areas of production. The Group operates several sites in the central region of Upper Austria. As a modern employer, PIERER Mobility is taking measures to make the environment attractive to its workforce, such as new flexible shift models that meet the individual needs of employees. As part of an apprentice drive, around 70 more apprentices will begin their training this year. In total, the group is currently training around 200 apprentices.

New subsidiary in Taiwan

To address the current supply chain issues in the bicycle sector, in June 2022 PIERER E-Bikes GmbH established a subsidiary in Taiwan, PIERER E-Bikes Asia Ltd. It will provide significant support to the PIERER E-Bikes Group in its supply chain management and therefore reduce the procurement risk by providing direct access to the Asian market.

Guidance for 2022 increased

The Management Board has increased the guidance for 2022 and expects the 2022 financial year to deliver revenue growth of between 10% and 15% (previously forecasted revenue growth for the 2022 financial year: 6 to 10%). The EBIT margin of 8% to 10% and an EBITDA margin of between 15% and 17% are confirmed.