PIERER Mobility AG / KTM first-half 2025 prelimina...

PIERER Mobility AG

Preliminary outcomes for first-half of 2025

• Income H1 2025: € 425 million
• Greater than 50,000 bikes offered to sellers and importers (wholesale)
• Finish buyer (retail) demand stays robust with greater than 100,000 bikes offered – stock ranges considerably decreased
• Restructuring revenue of € 1,187 million leads to constructive earnings (EBITDA, EBIT, consequence for the interval)
• Constructive fairness – internet debt greater than halved

The primary half of 2025 was considerably influenced by the restructuring proceedings throughout the KTM Group, which have now been efficiently accomplished. These measures had a major influence on all points of the Group.

The PIERER Mobility Group offered 50,334 bikes within the first half of 2025 (earlier 12 months: 115,145).

As well as, 34,950 bikes (earlier 12 months: 32,351) have been offered via strategic accomplice Bajaj Auto. Gross sales in India have been notably encouraging, rising by greater than 8% in comparison with the earlier 12 months.

The Group thus offered a complete of 85,284 bikes (in comparison with 147,496 items within the earlier 12 months). The 42.2% decline in whole gross sales was primarily as a result of restructuring proceedings at KTM AG, in addition to a reluctance to introduce new fashions, and the general financial atmosphere’s influence on the bike market within the first-half of 2025.

Sellers reported encouraging gross sales figures to finish prospects. Gross sales exceeded 100,000 bikes, beating their very own expectations. Along with decreased manufacturing output, the corporate’s personal inventories and people of sellers and importers have been considerably decreased in the course of the first-half of 2025, and effectivity alongside the whole provide chain was elevated.

Within the bicycle section, the Group offered 50,107 bicycles (electrical bicycles and bicycles) within the first half of the 12 months. Which means the wind-down of the bicycle enterprise is progressing a lot sooner than deliberate. The Husqvarna and GASGAS bicycle manufacturers will likely be offered out by the top of 2025 – all guarantee/service and spare elements deliveries will proceed in accordance with the statutory guarantee necessities. This doesn’t have an effect on the bicycle enterprise of the continued Felt model.

The gross sales development was mirrored in income, which fell by 57.8% to € 425 million. 46.5% of income was generated in Europe, 32.4% in North America and 21.1% in different markets.

The profitable completion of the restructuring proceedings of KTM AG and two of its subsidiaries resulted in a restructuring revenue of 70% of the registered creditor claims, or € 1,187 million. This can lead to constructive earnings figures in H1 2025. EBITDA reached € 1,003 million, EBIT € 931 million, and internet earnings for the interval amounted to € 740 million.

As of June 30, 2025, fairness amounted to € 533 million as a result of restructuring acquire and is constructive once more with an fairness ratio of round 27%. In comparison with the earlier 12 months, internet debt has greater than halved after achievement of the restructuring quota and now stands at € 756 million (December 31, 2024: € 1,643 million).

Preliminary key figures for H1 2025 of the PIERER Mobility Group (consolidated, unaudited)

1) excluding lease additions (IFRS 16) amounting to € 8 million (earlier 12 months: € 30 million)

The total audited 2025 half-year monetary report will likely be printed on August 28, 2025.