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PIERER Mobility AG ( (CH:PKTM) ) has provided an announcement.
PIERER Mobility AG announced the successful completion of its restructuring process, resulting in a significant restructuring gain and a positive equity position. The company has resumed production and reported improved liquidity and cash flow due to inventory reductions. Despite a decrease in revenue, the company achieved positive earnings figures, with significant reductions in net debt. The motorcycle segment remains the core focus, while the bicycle segment is being phased out. The company anticipates challenges in rebuilding supplier relationships but expects positive EBITDA in 2026 and EBIT in 2027.
The most recent analyst rating on (CH:PKTM) 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:PKTM Stock Forecast page.
More about PIERER Mobility AG
PIERER Mobility AG operates in the automotive industry, focusing primarily on the production and sale of motorcycles. The company is known for its KTM brand and has a significant market presence in Europe, North America, and other global markets. It also had a bicycle segment, which is being wound down.
Average Trading Volume: 10,453
Technical Sentiment Signal: Sell
Current Market Cap: CHF531.3M
For an in-depth examination of PKTM stock, go to TipRanks’ Overview page.