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The latest announcement is out from PIERER Mobility AG ( (CH:BMAG) ).
Bajaj Mobility AG reported a sharp turnaround in the first quarter of 2026, with group revenue jumping 70.2% to EUR 331.3 million on the back of a 125.1% surge in motorcycle unit sales and a 151.6% rise in motorcycle revenue to EUR 272.4 million. Restructuring measures, including a decisive pivot away from bicycles, reduced complexity and inventory, helping EBITDA swing into positive territory at EUR 5.5 million and narrowing EBIT losses, even as the company initiated a reduction of 500 mainly salaried and middle-management positions.
The group further shored up its balance sheet as KTM AG secured a EUR 550 million, five-year unsecured refinancing from an international banking consortium, allowing repayment of a roughly EUR 473 million restructuring loan to Bajaj Auto International Holdings and strengthening financial flexibility. Management was bolstered with new senior commercial and sales appointments, while high-profile motorsport victories, including KTM’s 21st Dakar Rally win, reinforced the brands’ performance credentials as the company seeks to leverage momentum for higher efficiency and sustainable profitability through 2026.
More about PIERER Mobility AG
Bajaj Mobility AG, formerly PIERER Mobility AG, is a leading global supplier of premium motorcycles and the listed subsidiary of Bajaj Auto Ltd., the world’s most valuable two- and three-wheeler company. As holding company of KTM AG, it unites the KTM, Husqvarna Motorcycles and GASGAS brands, focusing on performance machines from racing to street, offroad and travel bikes, supported by WP components and a presence in over 70 countries.
Average Trading Volume: 5,582
Technical Sentiment Signal: Sell
Current Market Cap: CHF567.1M
For detailed information about BMAG stock, go to TipRanks’ Stock Analysis page.