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PIERER Mobility AG ( (CH:PKTM) ) has provided an announcement.
PIERER Mobility AG reported its financial results for the fiscal year 2024, revealing a significant decline in sales and a negative operating result due to operational interruptions and restructuring expenses. Despite these challenges, a court-approved restructuring plan for its KTM companies resulted in a substantial restructuring gain, which is expected to positively impact the company’s EBIT and restore its equity. Looking ahead to 2025, the company anticipates a challenging economic environment with continued production interruptions but expects a positive EBIT due to the restructuring gains, aiming for a normalization of operations by the end of the year.
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 development of motorcycles and related components. The company is known for its KTM brand and has a significant market presence in Europe, particularly in Austria, where its main production facilities are located.
Average Trading Volume: 14,046
Current Market Cap: CHF619.2M
Learn more about PKTM stock on TipRanks’ Stock Analysis page.
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