21st Austria weekly - Pierer Mobility, FACC (29/01/2024)

Pierer Mobility: The Pierer Mobility Group, with brands like e.g. KTM, Husqvarna, Gasgas increased consolidated sales by around 9% to a new record of EUR 2,661 million in the 2023 financial year (previous year: EUR 2,437 million) despite difficult economic conditions and upheaval in the bicycle industry. The preliminary operating result (EBIT) fell by around 32% to EUR 160 million (previous year: EUR 235 million), which corresponds to an EBIT margin of 6.0%. In the motorcycle segment, the EBIT margin is around 9%, which is within the originally planned range of 8-10%. On the other hand, the reorganization of the bicycle segment had a significant negative impact on earnings. At EUR 324 million, the operating result before depreciation and amortization (EBITDA) is around 15% below the ...

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