EQS-News: Bajaj Mobility AG: Quarterly Report 1st Quarter 2026
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EQS-News: Bajaj Mobility AG
/ Key word(s): Quarter Results/Quarter Results
Corporate News
Mattighofen, 13 May 2026 Bajaj Mobility AG (formerly PIERER Mobility AG) made a successful start to the 2026 financial year. The first quarter showed a significant operational improvement compared to the same quarter of the previous year: sales of motorcycles of the KTM, Husqvarna and GASGAS brands increased strongly, the restructuring measures were effective and therefore had a positive impact on the most important key figures. Highlights Q1 2026:
Strong demand and improved earnings situation confirm the restructuring program The sales trend in the first quarter of 2026 showed the strong demand for motorcycles of KTM, Husqvarna and GASGAS. Overall, motorcycle unit sales rose from 17,915 to 40,332 motorcycles (+125.1% vs. Q1/25). Motorcycle revenue more than doubled compared to the first quarter of 2025 from EUR 108.3 mn to EUR 272.4 mn (+151.6% vs. Q1/25). At the same time, the full focus on the restructuring program remained. The concentration on the motorcycle business and the reduction of organizational complexity have led to a sustainable cost reduction. Global inventories were further reduced. Group revenue increased by +70.2% to EUR 331.3 mn. Revenue for the first quarter of 2026 also includes EUR 1.0 mn (vs. Q1/25: EUR 26.8 mn) from the sale of remaining stocks in the bicycle segment. In addition to the positive sales development, the consistent restructuring measures had a significant impact on the result of operating activities. Compared to the previous year, EBIT improved by EUR 65.5 mn from EUR -91.6 mn to EUR -26.1 mn (+71.5%). EBITDA is positive at EUR 5.5 mn (vs. Q1/25: EUR -55.8 mn). The equity value was at EUR 350.7 mn as of March 31, 2026. The equity ratio equals 22.2%. Refinancing successfully completed – financial basis strengthened A key milestone of the first quarter of 2026: KTM AG successfully completed the refinancing of EUR 550 mn in February 2026. The unsecured loan with a maturity of five years and very favorable terms was provided by an international banking consortium consisting of J.P. Morgan SE, HSBC, DBS Bank Limited and MUFG Bank Ltd. The transaction enabled the full repayment of Bajaj Auto International Holdings B.V.'s restructuring loan of around EUR 473 mn (incl. payment-in-kind) and significantly strengthens the Group's financial basis and flexibility. CFO Petra Preining: "The significant increase in motorcycle sales and the positive EBITDA prove that our operational realignment is taking effect. At the same time, we have sustainably strengthened our financial stability with the refinancing and created the basis for profitable growth." Organisational structure streamlined – KTM AG Management reinforced In the course of the restructuring, further measures were taken to streamline structures to sustainably strengthen our competitiveness. In the first quarter of 2026 a staff reduction of 500 employees was initiated, mainly affecting the white-collar sector and middle management. This is expected to be completed by Q3 2026. The measures were developed in close cooperation with the works council and the social partners to ensure a socially responsible implementation. At the same time, KTM AG is strengthening its management: On April 1, 2026, Stephan Reiff took over the position as Chief Commercial Officer and is responsible for marketing and sales activities with the aim of improving the company's commercial performance. Starting with May 4, 2026, Klaus Allisat took over the position of Vice President Sales Europe, Johann von Balluseck that of Vice President Sales Rest of World. With these appointments, the company is sending a clear signal for consistent further development in its international core markets. Start of the 2026 motorsport season underlines global competitive strength The success in motorsport continued in 2026 and underlines the Group's technological leadership position:
Outlook for 2026: For the 2026 financial year, the focus is on continuing the restructuring program and to increase profitability. The efficiency program will continue with full focus on streamlining the product and project portfolio. CEO Gottfried Neumeister: "The first quarter of 2026 marks a noticeable turning point for our company. The positive response to our new models combined with implemented restructuring measures shows that we have set the right priorities. Now it is important to use this momentum, further increase our efficiency and secure sustainable profitability."
About Bajaj Mobility AG (formerly PIERER Mobility AG) Bajaj Mobility AG (formerly PIERER Mobility AG) is one of the world's leading suppliers of premium motorcycles‑ and is part of a global mobility group as a listed subsidiary of Bajaj Auto Ltd., the world's most valuable two‑ and three-wheeler‑company. As the holding company of KTM AG, it unites the renowned performance‑brands KTM, Husqvarna Motorcycles and GASGAS and, with its Austrian headquarters, stands for European engineering at the highest level – from racing machines to road‑ and off-road‑models to travel-oriented bikes, supplemented by high-quality WP‑components. A strong market presence in over 70 countries and a loyal community position the Group as an innovation leader with a diversified product portfolio, while through Bajaj Auto Ltd. it also benefits from extensive technological expertise and a global distribution network that enables sustainable implementation and long-term value creation.
For more information Investor Relations E-Mail: ir@bajajmobility.com Website: https://www.bajajmobility.com ISIN: AT0000KTMI02; Schweizer Valorennummer (Schweiz): 41860974; Ticker-Symbol: BMAG; Bloomberg: BMAG SW, BMAG AV; Reuters: BMAG. S, BMAG.VI [1] KTM, Husqvarna and GASGAS motorcycles
13.05.2026 CET/CEST This Corporate News was distributed by EQS Group |
| Language: | English |
| Company: | Bajaj Mobility AG |
| Stallhofnerstraße 3 | |
| 5230 Mattighofen | |
| Austria | |
| Phone: | +43 (0) 7742-6000 |
| Fax: | +43 (0)7742-6000300 |
| E-mail: | ir@bajajmobility.com |
| Internet: | www.bajajmobility.com |
| ISIN: | AT0000KTMI02 |
| WKN: | A2JKHY |
| Listed: | SIX, Vienna Stock Exchange |
| EQS News ID: | 2326614 |
| Valorennummer (Schweiz): 41860974 Wertpapierkürzel: BMAG Bloomberg: PKTM SW; PKTM AV Reuters: PKTM.S; PKTM.VI |
| End of News | EQS News Service |
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2326614 13.05.2026 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | ||
| Sales1 | 1.530,38 | 2.041,73 | 2.437,20 | 2.661,21 | 1.879,02 | 1.009,39 | 0,00 | |
| EBITDA1,2 | 233,53 | 332,20 | 381,10 | 323,53 | -480,78 | 873,71 | 0,00 | |
| EBITDA-Margin3 | 15,26 | 16,27 | 15,64 | 12,16 | -25,59 | 86,56 | 0,00 | |
| EBIT1,4 | 107,24 | 193,49 | 235,25 | 160,02 | -1.184,22 | 747,83 | 0,00 | |
| EBIT-Margin5 | 7,01 | 9,48 | 9,65 | 6,01 | -63,02 | 74,09 | 0,00 | |
| Net Profit (Loss)1 | 69,46 | 142,87 | 170,62 | 76,41 | -1.079,91 | 590,16 | 0,00 | |
| Net-Margin6 | 4,54 | 7,00 | 7,00 | 2,87 | -57,47 | 58,47 | 0,00 | |
| Cashflow1,7 | 312,82 | 367,36 | 280,34 | -110,85 | -435,96 | -22,38 | 0,00 | |
| Earnings per share8 | 1,56 | 3,34 | 5,03 | 2,37 | -29,30 | 17,60 | -0,45 | |
| Dividend per share8 | 0,50 | 1,00 | 2,00 | 0,50 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: KPMG
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| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Bajaj Mobility | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A2JKHY | AT0000KTMI02 | AG | 658,36 Mio € | Halten | 8FWM35W5+Q7 | |
| PE 2027e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| -243,50 | 21,74 | -11,20 | -7,79 | 1,72 | -29,41 | 0,65 |
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Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 0,50 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 24.04.2026 | 13.05.2026 | 27.08.2026 | 13.10.2026 | 26.03.2026 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +11,01% | +19,94% | +32,34% | +20,99% | +0,00% |
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