on PIERER Mobility AG (isin : AT0000KTMI02)
PIERER Mobility AG Reveals 2024 Financial Outcomes Amid Restructuring
PIERER Mobility AG has announced its financial results for 2024. The company generated consolidated revenues of €1,879 million, marking a 29% decline from the previous year. The decline is attributed to restructuring and reduced operating performance. EBITDA was reported at € -481 million, while EBIT stood at € -1,184 million, impacted by necessary adjustments and asset impairments.
The restructuring process involving KTM companies gained court approval, resulting in a €1.2 billion gain contributing positively to EBIT. This gain is expected to stabilize equity in 2025. Despite anticipated revenue declines due to production halts, the restructuring will significantly bolster 2025's financial stability.
As of 2024's end, PIERER's net debt reached €1,643 million, with equity remaining negative at €194 million, prompting no dividend distribution. The employee headcount was reduced by 14% to 5,310. Future plans indicate restored production capacity and stability for KTM's primary sites, reinforcing its regional economic role.
R. P.
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