Bajaj Mobility Swings Back After Restructuring Year With Focus on Core Premium Motorcycle Business

The latest update is out from PIERER Mobility AG ( (CH:BMAG) ).

Bajaj Mobility AG has reported preliminary unaudited figures for 2025 showing revenue of EUR 1,009 million, down 46% year-on-year, as extensive restructuring and a temporary production halt weighed on sales volumes and cut total unit sales by 28% to 209,704 motorcycles. A restructuring gain of EUR 1,193 million, coupled with a sharp reduction of global inventories by more than 100,000 vehicles and a significant cut in headcount to 3,782 employees, helped lift EBITDA to EUR 874 million, improve EBIT to EUR 748 million, raise the equity ratio to 24.3% and reduce net debt to EUR 798 million. During the year the group exited several non-core areas, including KTM Sportcar/X-BOW, its stake in MV Agusta and the entire bicycle segment, consolidating its focus on premium motorcycles, while motorsport success with 29 championship titles enhanced its brand profile. For 2026, management plans further cost reductions, structural efficiency gains and a product offensive with new KTM and Husqvarna models, aiming for a significant increase in revenue and unit sales and a strengthened position in the premium motorcycle market.

The most recent analyst rating on (CH:BMAG) stock is a Hold with a CHF28.00 price target. To see the full list of analyst forecasts on PIERER Mobility AG stock, see the CH:BMAG Stock Forecast page.

More about PIERER Mobility AG

Bajaj Mobility AG, formerly PIERER Mobility AG, is the holding company of KTM AG, one of Europe’s leading motorcycle manufacturers. It oversees the KTM, Husqvarna Motorcycles and GASGAS brands, offering high‑performance racing bikes, street and offroad motorcycles, and travel models, complemented by premium components from WP. With a strong focus on performance, innovation and cutting‑edge technology, the group targets the global premium motorcycle segment and holds a prominent position in the international motorcycle industry.

Average Trading Volume: 6,797

Technical Sentiment Signal: Sell

Current Market Cap: CHF509M

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