DGAP-News: PIERER Mobility AG acquires FELT Bicycles and enters the North American bicycle market
|
DGAP-News: PIERER Mobility AG
/ Key word(s): Takeover
Corporate News PIERER Mobility AG acquires FELT Bicycles and enters the North American bicycle market Founded in 1991 in California, USA, FELT Bicycles has an established reputation for producing high-performance, drop-bar road, triathlon, track, cyclocross, gravel, and adventure bikes. Always striving for innovation, during its 30-year history, FELT Bicycles has pioneered carbon fiber usage in bike design, set new standards in mountain bike suspension systems, and revolutionized aerodynamic development in the pursuit of the ultimate racing equipment. FELT bikes have been ridden to stage wins at Grand Tours, earned record-breaking triathlon world titles, Olympic gold medals, and world championships on various terrain. Stefan Pierer, CEO PIERER Mobility AG: "The acquisition of FELT Bicycles fits perfectly with the overall strategy of PIERER E-Bikes - that of becoming a global player in the field of two-wheel mobility, with both electric and non-electric bikes, across all cycling categories. With FELT we are able to expand our bicycle portfolio and also strongly enter the North American market with an established, high-performance brand. The company is also heavily involved in competition, which brings an extra attraction for us." The acquisition of FELT Bicycles consists of three components: the purchase of the FELT brand assets, business assets in Europe and in North America as well as the integration of the global workforce into PIERER E-Bikes GmbH's team structure. PIERER Mobility AG - the group behind vastly successful powered-two-wheeler brands like KTM, Husqvarna Motorcycles and GASGAS - established PIERER E-Bikes GmbH in 2019 with the focus to deliver innovation, advanced technology and leading design into the bicycle market. PIERER E-Bikes GmbH continues building a portfolio of premium bicycle brands, covering all categories, with FELT Bicycles now set to join Husqvarna E-Bicycles, GASGAS, and R Raymon. About FELT Bicycles About PIERER Mobility AG Contact: ISIN: AT0000KTMI02 Security number (Switzerland) 41860974 Securities code: PMAG, Bloomberg: PMAG SE, PMAG GY Reuters: PMAG.S
23.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | PIERER Mobility AG |
| Edisonstrasse 1 | |
| 4600 Wels | |
| Austria | |
| Phone: | +43 (0) 7242 69 402 |
| E-mail: | ir@pierermobility.com |
| Internet: | www.pierermobility.com |
| ISIN: | AT0000KTMI02 |
| WKN: | A2JKHY |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; SIX |
| EQS News ID: | 1251478 |
| Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PMAG, Bloomberg: PMAG SE, PMAG GY Reuters: PMAG.S |
| End of News | DGAP News Service |
|
|
1251478 23.11.2021
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 | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 1.520,14 | 1.530,38 | 2.041,73 | 2.437,20 | 2.661,21 | 1.879,02 | 0,00 | |
| EBITDA1,2 | 240,79 | 233,53 | 332,20 | 381,10 | 323,53 | -480,78 | 0,00 | |
| EBITDA-Margin3 | 15,84 | 15,26 | 16,27 | 15,64 | 12,16 | -25,59 | 0,00 | |
| EBIT1,4 | 131,71 | 107,24 | 193,49 | 235,25 | 160,02 | -1.184,22 | 0,00 | |
| EBIT-Margin5 | 8,66 | 7,01 | 9,48 | 9,65 | 6,01 | -63,02 | 0,00 | |
| Net Profit (Loss)1 | 95,71 | 69,46 | 142,87 | 170,62 | 76,41 | -1.079,91 | 0,00 | |
| Net-Margin6 | 6,30 | 4,54 | 7,00 | 7,00 | 2,87 | -57,47 | 0,00 | |
| Cashflow1,7 | 257,38 | 312,82 | 367,36 | 280,34 | -110,85 | -435,96 | 0,00 | |
| Earnings per share8 | 2,42 | 1,56 | 3,34 | 5,03 | 2,37 | -29,30 | -1,70 | |
| Dividend per share8 | 0,00 | 0,50 | 1,00 | 2,00 | 0,50 | 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
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Bajaj Mobility | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A2JKHY | AT0000KTMI02 | AG | 548,18 Mio € | Halten | 8FWM35W5+Q7 | |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 54,07 | 24,33 | 2,22 | -6,49 | -2,79 | -1,26 | 0,29 |
|
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 |
| 23.06.2025 | 26.08.2025 | 28.05.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +10,38% | -0,25% | -20,49% | +44,18% | +0,00% |
Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.
Contact
