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    EQS-Adhoc  105  0 Kommentare PIERER Mobility AG:

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    • PIERER Mobility AG adjusts guidance for 2024 due to slowing motorcycle markets in the USA and Europe.
    • Sales figures expected to fall short of expectations, leading to negative impact on EBIT and financial result.
    • Anticipates decline in sales of 10-15% for motorcycles and bicycles, with significantly negative EBIT in Bicycle division.

    EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Change in Forecast/Strategic Company Decision
    PIERER Mobility AG:

    14-Jun-2024 / 17:48 CET/CEST
    Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.


    Ad hoc announcement pursuant to article 17 Regulation (EU) No 596/2014 (MAR)

    Ad hoc announcement pursuant to article 53 LR 

     

    Wels, June 14, 2024

     

    PIERER Mobility adjusts guidance for 2024

     

    In the current financial year, momentum in PIERER Mobility's core motorcycle markets in the USA and Europe has slowed significantly. Due to the latest interest rate decisions in the USA, interest rates are expected to remain high, which will have a negative impact on sales expectations for the American market. Sales figures in Europe are also still volatile. Overall, PIERER Mobility's sales figures will fall short of expectations this year after three years of above-average success.

     

    This means that dealers will have to reduce their inventories and thus continue to tie up considerable capital. Together with extended payment terms and higher discounts this is expected to have a significant negative impact on EBIT and the financial result in the current financial year.

     

    During the coronavirus pandemic, demand for bicycles rose rapidly, leading to overheating in the bicycle market and disruptions throughout the entire supply chain. As a result, our own stocks and those of suppliers and dealers reached record levels. The reduction of these inventories to a normal level is continuing, while at the same time massive pressure is being exerted on sales prices Due to these developments, the extraordinary impairment and restructuring requirements in 2024 will lead to a significantly negative result in the Bicycles segment.

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    EQS-Adhoc PIERER Mobility AG: EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Change in Forecast/Strategic Company Decision PIERER Mobility AG: 14-Jun-2024 / 17:48 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted …

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