Capital RaisingPierer Mobility is planning to raise €350m of fresh capital which may dilute existing share value.
Demand And Restructuring ImpactPiere Mobility's preliminary 2H/FY24 print was heavily impacted by weaker than expected demand, as had been previously reported, as well as one-off restructuring measures and impairments on intangibles.
Financial DemandsAn amount of €150-200m was required for the production ramp up, indicating significant financial demands on the company.