EQS-Adhoc: PIERER Mobility AG: Far-reaching restructuring and additional liquidity requirement at KTM AG
|
EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Restructure of Company/Liquidity Problem Ad hoc announcement pursuant to article 17 Regulation (EU) No 596/2014 (MAR) Ad hoc announcement pursuant to article 53 LR
Wels, November 12, 2024
PIERER Mobility AG: Far-reaching restructuring and additional liquidity requirement at KTM AG
In the course of liquidity planning for the 2025 financial year, PIERER Mobility AG has to cover additional liquidity requirements at the level of KTM AG. As of June 30, 2024, the KTM AG Group was responsible for more than 95% of PIERER Mobility AG's revenue.
Ongoing discussions with core shareholder Pierer Bajaj AG and major financial creditors of KTM AG on financial restructuring
The Executive Board is currently working on securing the financing of KTM AG, in particular on a bridge financing in the three-digit million range. To this end, discussions are ongoing both with the core shareholder Pierer Bajaj AG and with existing financial creditors. The aim is to agree a standstill agreement with the financial creditors involved for the duration of these discussions as basis for the financial restructuring.
The negotiations and discussions are currently at an early stage. It is therefore not yet possible to make any concrete statements about the outcome of the negotiations, the conditions and the size of an additional financing.
Far-reaching restructuring necessary at KTM AG level
In addition to securing liquidity, the Executive Board is endeavouring to put KTM AG back on a stable operational and financial basis. Against the backdrop of a challenging economic environment, an even more far-reaching operational restructuring is being driven forward with the aim of reducing inventories at both KTM AG and the dealer level to an economically sustainable level by significantly reducing production volumes. Furthermore, overheads are also to be significantly reduced once again.
The aim is to stabilize costs and sales at a redimensioned level from the 2025 financial year and thus create the basis for sustainable competitiveness and profitability.
Further information will be published in due course.
Legal notice THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR A SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OF PIERER MOBILITY AG. IT IS NOT FOR DISTRIBUTION, TRANSMISSION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.
For further information: Investor Relations Hans Lang & Melinda Busáné-Bellér Tel: +43 676 4140945 respectively +43 676 4093711 Email: ir@pierermobility.com Website: https://www.pierermobility.com
ISIN: AT0000KTMI02; security number (Switzerland): 41860974; securities code: PKTM; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S, PKTM.VI End of Inside Information
12-Nov-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com |
| 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: | SIX, Vienna Stock Exchange |
| EQS News ID: | 2028485 |
| Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM SW; PKTM AV Reuters: PKTM.S; PKTM.VI |
| End of Announcement | EQS News Service |
|
|
2028485 12-Nov-2024 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 | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 1.559,57 | 1.520,14 | 1.530,38 | 2.041,73 | 2.437,20 | 2.661,21 | 2.150,00 | |
| EBITDA1,2 | 252,49 | 240,79 | 233,53 | 332,20 | 381,10 | 323,53 | 85,00 | |
| EBITDA-Margin3 | 16,19 | 15,84 | 15,26 | 16,27 | 15,64 | 12,16 | 3,95 | |
| EBIT1,4 | 161,17 | 131,71 | 107,24 | 193,49 | 235,25 | 160,02 | -45,00 | |
| EBIT-Margin5 | 10,33 | 8,66 | 7,01 | 9,48 | 9,65 | 6,01 | -2,09 | |
| Net Profit (Loss)1 | 114,19 | 95,71 | 69,46 | 142,87 | 170,62 | 76,41 | -50,00 | |
| Net-Margin6 | 7,32 | 6,30 | 4,54 | 7,00 | 7,00 | 2,87 | -2,33 | |
| Cashflow1,7 | 85,46 | 257,38 | 312,82 | 367,36 | 280,34 | -110,85 | 0,00 | |
| Earnings per share8 | 2,99 | 2,42 | 1,56 | 3,34 | 5,03 | 2,37 | -2,25 | |
| Dividend per share8 | 0,30 | 0,00 | 0,50 | 1,00 | 2,00 | 0,50 | 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 | ||||||
| Pierer Mobility | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A2JKHY | AT0000KTMI02 | AG | 522,16 Mio € | Kaufen | 8FWP5235+39 | |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 44,14 | 24,70 | 1,79 | 6,60 | 0,59 | -4,71 | 0,20 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 2,00 | 0,50 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 25.04.2025 | 27.08.2024 | 26.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +2,50% | -45,30% | -68,53% | -67,06% | +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
