Positive results for Pierer Mobility
Despite the global corona crisis, PIERER Mobility AG still achieved a positive result in the first half of the year. Pierer Mobility AG is the listed holding company behind KTM, Husqvarna, GasGas and the Husqvarna and R Raymon e-bikes.
– Sales: 124.682 motorcycles and e-bikes (previous year: 135.711)
– Boom in global demand for two-wheelers
– Increase in production capacity and staff growth (+170 employees)
– Early 100% acquisition of GASGAS
– Positive outlook for the second half of 2020
– Sales: 124.682 motorcycles and e-bikes (previous year: 135.711)
In the first half of 2020, more than 70.171 KTM, HUSQVARNA and GASGAS motorcycles and 34.351 HUSQVARNA and R RAYMON motorcycles were sold. This corresponds to an increase of +1,3% compared to the previous year. In addition, Pierer's Indian partner Bajaj sold 20.160 (previous year: 32.539) motorcycles under the KTM and HUSQVARNA brands in its markets. They were hit hard by Corona in the first six months.
Due to the Corona-related production interruption of two months, PIERER Mobility AG expects a turnover of 600 million euros (first half of 2019: 754,9 million euros), but a positive EBIT of 1,7 million euros already in the first half of the year ( first half of 2019: 46,6 million euros).
Boom in global demand for two-wheelers
After the two-month lockdown, the two-wheeler business witnessed a boom due to an apparent change in mobility behavior, which is reflected in double-digit growth in registrations in both the motorcycle and e-bicycle sectors.
The motorcycle market developed surprisingly strongly, especially in North America (+ 20%) and Australia (+ 39%). Worldwide, the number of motorcycle registrations increased by approximately 4 percent in the first half of the year, despite the Corona lockdown. The KTM and HUSQVARNA brands in particular benefited from this and achieved high market share gains.
Increased production capacity and staff growth (+170 employees)
To meet the increasing demand for two-wheelers and the necessary increase in production capacity, 2020 additional employees have been hired for the Austrian branches since the beginning of June 170. The global workforce thus increases to more than 4.400 employees.
Early 100% acquisition of GASGAS
PIERER Mobility Group prematurely acquires 100% of the shares of GASGAS Motorcycles GmbH and positions GASGAS as the third group brand in the off-road motorcycle sector for ambitious beginners and as the global market leader in the field of trials. In addition, GASGAS supplements its product portfolio with a sporty offering in the high-end e-mountain bike sector.
Positive prospects for the 2nd semester 2020
Due to strong global demand, the group expects turnover to increase to more than EUR 800 million in the second half of 2020, significantly higher than in the same period of the previous year (second half 2019: EUR 765,3 million). For 2020, annual revenue is expected to exceed EUR 1.400 million (FY 2019: EUR 1.520,1 million). The e-bike division will already achieve a turnover of more than EUR 110 million.
Photos: Pierer Mobility, Sebas Romero, shotbyBavo, Husqvarna Bicycles
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