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PIERER Mobility AG, AT0000KTMI02

PIERER Mobility AG, AT0000KTMI02

31.08.2020 - 06:33:33

PIERER Mobility AG: Guidance for 2020 - Optimistic outlook for the second half of 2020

Ad hoc Release Wels, 31 August 2020PIERER Mobility AG: Guidance for 2020 Optimistic outlook for the second half of 2020 Due to the strong global demand PIERER Mobility AG expects an increase in revenue to more than EUR 800 million in the second half of 2020, which is significantly higher than in the same period of the previous year (second half of 2019: EUR 765.3 million). The annual revenue for the 2020 financial year announced on 22 July 2020 is confirmed and is expected to exceed EUR 1,400 million (FY 2019: EUR 1,520.1 million), with the e-bicycle division already contributing sales of more than EUR 110 million. Based on current assessments, the EBIT margin for fiscal year 2020 will range between 4% and 6% of revenues and the free cash flow will exceed EUR 30 million.

The half-year report for 2020 of PIERER Mobility AG is available on the company's website at https://www.pierermobility.com/en/investor-relations/reports.

Legal Disclaimer THIS ANNOUNCEMENT DOES NEITHER CONSTITUTE AN OFFER TO SELL NOR AN INTIMATION TO SUBMIT A PROPOSAL FOR THE ACQUISITION OF SECURITIES OF PIERER MOBILITY AG. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.For more information: Investor Relations Mag. Michaela Friepe?, Tel.: +43 (0)7242 / 69402 Email: ir@pierermobility.com Website: www.pierermobility.com

31-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: PIERER Mobility AG Edisonstrasse 1 4600 Wels

Austria Phone: +43 (0) 7242 69 402 E-mail: ir@pierermobility.com Internet: www.pierermobility.com ISIN: AT0000KTMI02 WKN: A2JKHY Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange; SIX, Vienna Stock Exchange (Official Market) EQS News ID: 1125055 Valorennummer (Schweiz): 41860974 Wertpapierk?rzel: PMAG, Bloomberg: PMAG SE, PMAG GY Reuters: PMAG.S ? End of Announcement DGAP News Service

1125055??31-Aug-2020?CET/CEST

@ dgap.de