PIERER Mobility AG | Financial Results H1 2023 | Record Growth & Future Prospects with CFO

Pierer Mobility AG: H1 2023 Financial Overview IntroductionViktor Sigl, the newly appointed CFO of Pierer Mobility AG, presents the company's financial results for the first half of 2023, highlighting his extensive 13-year experience within the motorcycle sector at KTM AG. Company Structure Motorcycle Segment: The core of Pierer Mobility, employing over 4,300 people and featuring renowned brands like KTM, Husqvarna Motorcycles, GASGAS, WP, CF MOTO, and MV Agusta. Bicycle Division ('New Mobility'): Supported by 180 professionals, housing brands such as Husqvarna E-Bicycles and GASGAS. Commitment to R&DA dedicated team of 340 is focusing on digital transformation, positioning Pierer Mobility for future growth. Financial Performance Revenue: Nearly €1.4 billion, a 20% increase from the previous year, driven by strong sales in Europe, the US, and India. Challenges: Underperformance in South America and Asia due to outdated models, with plans for new products in the upcoming year. The Australian and New Zealand markets showed increased market share despite difficulties. Resilience Amid Global ChallengesThe company achieved an EBIT of nearly €100 million, demonstrating financial strength despite pressures from the Ukrainian war, rising raw material costs, and increasing wages in Austria. OutlookViktor concludes on a positive note, reaffirming Pierer Mobility AG's commitment to its revenue and margin targets for the year, while addressing challenges in the bicycle segment with a focus on innovation. Other Videos: Elevator Pitch Company Presentation Deep Dive Presentation Financial Results Presentation ESG Presentation Terms & ConditionsThis publication is for informational purposes only and does not constitute investment advice. By using this website, you agree to our terms and conditions outlined at Legal and Imprint.