EQS-Adhoc: PIERER Mobility AG: Loss of half of the share capital and intended capital measures
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EQS-Ad-hoc: PIERER Mobility AG / Key word(s): AGM/EGM/Capital Increase Ad hoc notification pursuant to Article 17 Regulation (EU) No 596/2014 (MAR) Ad hoc announcement pursuant to Art. 53 LR Wels, April 4, 2025
Loss of half the share capital makes extraordinary general meeting necessary As already communicated, a significant reduction in operating performance and one-off restructuring expenses will result in a significantly negative result for the 2024 financial year. Equity is expected to be clearly negative as at December 31, 2024. Due to the negative result expected for the 2024 financial year, which will result in a loss of half the share capital, the auditor has exercised his duty to speak. Due to mandatory legal requirements, an Extraordinary General Meeting must be convened due to the loss of half the share capital. This is to take place on April 25, 2025 at the House of Brands in Munderfing. Capital measures at an issue price of € 7.50 are proposed As part of the package of measures to fulfill the 30% restructuring plan quotas of the KTM Group, the company intends to adopt capital measures at the upcoming Extraordinary General Meeting. To this end, the Executive Board and the Supervisory Board will propose to the Annual General Meeting that the following capital measures be resolved at an issue price of €7.50 per share. Cash capital increase In a first step, the Extraordinary General Meeting shall decide on a cash capital increase of up to € 150 million by granting statutory subscription rights to the shareholders. Shares for which subscription rights have not been exercised may be taken up by Pierer Bajaj AG. Any public offering of shares in PIERER Mobility AG in the context of the cash capital increase will be made exclusively by and on the basis of a capital market prospectus (including any supplements thereto) to be prepared in accordance with the provisions of the Prospectus Regulation, to be approved by the FMA and subsequently published. An investment decision regarding any offered shares of PIERER Mobility AG should only be made on the basis of such a capital market prospectus. Capital increase in kind In a second step a capital increase in the amount of € 200 million against contribution in kind excluding statutory subscription rights shall be resolved, which can be executed after the KTM group’s restructuring proceedings have been completed successfully. Only the main shareholder Pierer Bajaj AG will be admitted to subscribe to this non-cash capital increase. Pierer Bajaj AG intends to contribute the loans made available to date for the ramp-up of production in the total amount of € 150 million (whereby the third and final tranche of € 50 million was disbursed yesterday) as a contribution in kind. A further prospective loan of € 50 million is also to be contributed as a contribution in kind. All of the loans to be contributed in kind provide for an extraordinary right of termination if the described non-cash capital increase is not carried out at the issue price of € 7.50 per share or if the corresponding resolution of the General Meeting is challenged in court by a shareholder. The funds for these loans were provided to Pierer Bajaj AG by its long-standing partner and shareholder Bajaj Auto. Dilution If the corresponding resolutions are passed at the General Meeting and the non-cash and cash capital increase are fully subscribed, it can be assumed that the share capital of PIERER Mobility AG will be increased by a factor of around 2.4. 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 or +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
04-Apr-2025 CET/CEST News transmitted by EQS Group. 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: | 2111658 |
| Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM SW; PKTM AV Reuters: PKTM.S; PKTM.VI |
| End of Announcement | EQS News Service |
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2111658 04-Apr-2025 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 | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 1.520,14 | 1.530,38 | 2.041,73 | 2.437,20 | 2.661,21 | 1.900,00 | 0,00 | |
| EBITDA1,2 | 240,79 | 233,53 | 332,20 | 381,10 | 323,53 | -300,00 | 0,00 | |
| EBITDA-Margin3 | 15,84 | 15,26 | 16,27 | 15,64 | 12,16 | -15,79 | 0,00 | |
| EBIT1,4 | 131,71 | 107,24 | 193,49 | 235,25 | 160,02 | -45,00 | 0,00 | |
| EBIT-Margin5 | 8,66 | 7,01 | 9,48 | 9,65 | 6,01 | -2,37 | 0,00 | |
| Net Profit (Loss)1 | 95,71 | 69,46 | 142,87 | 170,62 | 76,41 | -50,00 | 0,00 | |
| Net-Margin6 | 6,30 | 4,54 | 7,00 | 7,00 | 2,87 | -2,63 | 0,00 | |
| Cashflow1,7 | 257,38 | 312,82 | 367,36 | 280,34 | -110,85 | 0,00 | 0,00 | |
| Earnings per share8 | 2,42 | 1,56 | 3,34 | 5,03 | 2,37 | -2,25 | -0,35 | |
| 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 | ||||||
| Pierer Mobility | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A2JKHY | AT0000KTMI02 | AG | 448,14 Mio € | Kaufen | 8FWP5235+39 | |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| -132,60 | 24,33 | -5,45 | 5,66 | 0,51 | -4,04 | 0,17 |
|
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 | 26.08.2025 | 30.05.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -28,51% | -34,55% | -36,08% | -65,50% | +0,00% |
