EQS-News: PIERER Mobility AG: KTM AG takes a pit stop for the future and prepares application for a judicial restructuring proceeding with self-administration
|
EQS-News: PIERER Mobility AG
/ Key word(s): Restructure of Company
CORPORATE NEWS
PIERER Mobility AG: KTM AG takes a pit stop for the future and prepares application for a judicial restructuring proceeding with self-administration
As reported, KTM AG is in the process of implementing restructuring measures due to high financing needs. The management of KTM AG assumes that it will not be possible to secure the necessary interim financing in a timely manner.
The Executive Board of KTM AG therefore decided to file the application for the initiation of judicial restructuring proceedings with self-administration over the assets of KTM AG and its subsidiaries KTM Components GmbH and KTM F&E GmbH on November 29, 2024.
The proceedings give the opportunity to continue to manage the assets under supervision and to reorganize the KTM Group independently. All other subsidiaries of KTM AG, in particular all sales companies, are not affected.
The aim of the proceedings is to agree a reorganization plan with the creditors within 90 days. A redimensioning is intended to sustainably secure the existence of the KTM Group and to create the basis for emerging strengthened from the process.
Stefan Pierer, CEO of KTM AG: “Over the past three decades, we have grown to become Europe's largest motorcycle manufacturer. We inspire millions of motorcycle riders around the world with our products. Now we are taking a pit stop for the future. The KTM brand is my life's work, and I will fight for it.”
Making KTM robust for the future
Since September 2024, Gottfried Neumeister has joined the Executive Board as Co-CEO. Stefan Pierer: “Gottfried Neumeister has brought impressive experience and a breath of fresh air and has made a significant contribution to addressing the current situation. I am convinced that together we will get the company back on track for success.”
Gottfried Neumeister, Co-CEO of KTM AG: “The enthusiasm of our employees is our most important competitive advantage. Their passion is the reason why KTM is globally synonymous with peak performance. We build our motorcycles reliably and robustly for every race, for every terrain. Now it’s about making the company robust. Robust for the future. So that we can quickly focus again on what we do best: building the coolest motorcycles in the world.”
Bold and profound measures
For the success of the restructuring proceedings, a restructuring plan must be agreed upon with the creditors. Stefan Pierer: “The core shareholders stand by KTM and PIERER Mobility and its stock market listing. The goal is clear: KTM should emerge stronger from this difficult time.”
Contact Investor Relations Hans Lang & Melinda Busáné-Bellér Tel: +43 676 4140945 & +43 676 4093711 Email: ir@pierermobility.com Website: https://www.pierermobility.com
ISIN: AT0000KTMI02; Swiss Valor Number (Switzerland): 41860974; Ticker Symbol: PKTM; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S, PKTM.VI
26.11.2024 CET/CEST This Corporate News was distributed 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: | 2038665 |
| Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM SW; PKTM AV Reuters: PKTM.S; PKTM.VI |
| End of News | EQS News Service |
|
|
2038665 26.11.2024 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
