PIERER Mobility AG ( (CH:PKTM) ) has shared an update.
PIERER Mobility AG has announced a significant financial downturn for the 2024 fiscal year, with a 29% revenue decline and substantial negative earnings. The company is in the midst of a critical restructuring process involving KTM AG, with the outcome heavily dependent on securing investor financing to ensure continued operations and avoid liquidation. The restructuring plan aims to reduce net debt and restore equity, with potential gains contingent on successful completion. Production disruptions have been addressed with strategic financial support, and the company anticipates a return to full production capacity by summer 2025.
More about PIERER Mobility AG
PIERER Mobility AG operates in the automotive industry, primarily focusing on the production and sale of motorcycles. The company has a significant market presence in Europe, North America, and Asia, with strategic partnerships such as Bajaj Auto in India.
YTD Price Performance: -36.57%
Average Trading Volume: 1,566
Technical Sentiment Signal: Buy
Current Market Cap: €424.6M
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