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PIERER Mobility AG, AT0000KTMI02

PIERER Mobility AG, AT0000KTMI02

31.08.2021 - 06:35:40

EQS-Adhoc: PIERER Mobility AG: First half-year of 2021 - On track for 11th record year

Ad hoc announcement pursuant to Art. 53 LR Wels, August 31, 2021PIERER Mobility AG: First half-year of 2021 On track for 11th record year ?

Revenue: ? 1,078.0 million

+80% vs. H1 2020; +43% vs. H1 2019 EBIT: ? 102.6 million; H1 2020: ? 1.7 million Unit sales: 215,646 motorcycles and e-bikes; H1 2020: 124,682 units motorcycles: 176,045 +95% vs. H1 2020; e-bikes: 39,601 +15% vs. H1 2020 Increase of 559 employees to 4,888 compared to first half of 2020 Joint venture founded with MAXCOM for e-bike production in Bulgaria Guidance 2021

Revenue, unit sales and earnings in the first half of 2021 Driven by the high global demand for powered two-wheelers (PTWs), the PIERER Mobility Group generated record sales and revenue in the first half of the 2021 financial year. In this period, group revenue of EUR 1,078.0 million (previous year: EUR 600.0 million) was generated, which represents an increase of 80% compared to the same period of the previous year. The operating result (EBIT) of EUR 102.6 million in the first half of 2021 is significantly above the previous year's result of EUR 1.7 million.

In the first half of 2021, PIERER Mobility AG sold a total of 176,045 motorcycles of the KTM, Husqvarna Motorcycles and GASGAS brands worldwide, taking into account the motorcycles sold via its Indian partner Bajaj (previous year: 90,331), almost doubling sales compared to the first half of 2020 (+95%). Furthermore, a total of 53,378 units were sold through the bicycle and e-bike division (+25%), which have been established very successfully. Of these, 39,601 were e-bikes and 13,777 were non e-bikes under the R RAYMON, HUSQVARNA and GASGAS brands.

Despite ongoing challenges in the supply chains, a total of 215,646 PTWs (motorcycles and e-bikes) were therefore sold worldwide (+73% compared to the previous year).Further market share gains in the important markets North America and Oceania The global motorcycle market continues to be on the upturn, with significant growth in the main sales regions in a half-year comparison. In addition to the main sales markets of Europe (+25%) and North America (+16%), registrations also increased significantly in Oceania (+10%), Japan (+22%) and Latin America (Colombia +62%, Brazil +43%, Argentina +31%).

The continued upturn in Europe is being driven by strong demand for motorcycles in Italy (+53%), Spain (+41%) and France (+28%). Compared to the first half of 2020, the PIERER Mobility Group increased registrations of its three motorcycle brands of KTM, Husqvarna Motorcycles and GASGAS by 20.8% across Europe, with a combined market share of 11.3%. The company expanded its presence further in North America and Oceania, with a market share of 11.3% in the North American market (USA and Canada), and to 18.9% in the Australian/New Zealand market (Oceania). The development in India is also positive, with an increase of 59% (in the relevant S2/S3 segment) and a market share of 6.9% for the two KTM and Husqvarna brands which are represented in India.Increase of 559 employees to 4,888 compared to first half of 2020 As of June 30, 2021, the PIERER Mobility Group employed 4,888 people. Compared to June 30, 2020, the PIERER Mobility Group has increased its headcount by 559 and continues to seek new employees in various areas.

As part of an apprentice drive, 80 more apprentices will begin their training this year. In total, the group is currently training around 200 apprentices.Joint venture founded with MAXCOM for e-bike production in Bulgaria PIERER Mobility AG and MAXCOM Ltd. decided in July 2021 to establish a 50:50 joint venture for e-bike manufacturing in Plovdiv, Bulgaria to expand the bicycle and e-bike production capacity. The total level of investment is EUR 40 million. A state-of-the-art e-bike production facility will be built over an area of 130,000 m?. Commissioning is scheduled for the second half of 2023. The annual production capacity is around 350,000 units. PIERER Mobility AG brings its entire vehicle development and production expertise to the joint venture. MAXCOM Ltd. is one of the largest bicycle manufacturers in Eastern Europe and a member of the MAXEUROPE Group in Bulgaria.Further increase in revenue forecast for the 2021 fiscal year Due to the continued positive global demand for motorized two-wheelers (motorcycles and e-bicycles), the Executive Board announced on August 26, 2021, that it is again raising the revenue guidance for the 2021 fiscal year published in April 2021.

Despite the ongoing COVID-19 related supply chain challenges, the outlook remains positive and the Executive Board raises the revenue guidance for the 2021 fiscal year to EUR 1,900 million - EUR 2,000 million (previous 2021 revenue guidance: EUR 1,850 million - EUR 1,950 million). The forecast for the EBIT margin in the amount of 8 - 9% and the EBITDA margin > 15% remains unchanged.

Group figures H1 2021 of PIERER Mobility AG (consolidated)

KEY FINANCIAL PERFORMANCE INDICATORS: ? ? ? ? ? ? ? ? Earnings figures ? H1 2020 H1 2021 Chg. Revenue EURm 600.0 1,078,0 80% EBITDA EURm 61.6 171.2 >100% EBITDA margin ? 10.3% 15.9% ? EBIT EURm 1.7 102.6 >100% EBIT margin ? 0.3% 9.5% ? ? ? ? ? ? ? ? ? ? ? OTHER FINANCIAL FIGURES: ? ? ? ? ? ? ? ? ? Earnings and cash flow ratios ? H1 2020 H1 2021 Chg. Earnings after taxes EURm -9.6 78.3 >100% Free cash flow EURm -26.6 66.6 >100% ? ? ? ? ? Balance sheet ratios ? 12/31/2020 12/31/2021 Chg. Balance sheet total EURm 1,686.0 1,937.3 15% Equity EURm 654.1 725.5 11% Equity ratio ? 38.8% 37.4% ? Net debt EURm 312.4 255.8 -18% Gearing ? 47.8% 35.3% ? ? ? ? ? ? Others ? H1 2020 H1 2021 Chg. Capex 1) EURm 66.8 76.0 14% Employees Headcount 4,329 4,888 13%

1) excluding lease additions (IFRS 16)

The half-year report for 2021 is now available on the company website at https://www.pierermobility.com/en/investor-relations/reports. The current investor presentation can be found at https://www.pierermobility.com/en/investor-relations/presentation.

About the Group

The PIERER Mobility Group is Europe's leading manufacturer of "powered two-wheelers" (PTW). With its motorcycle brands KTM, HUSQVARNA Motorcycles and GASGAS, it is one of the European technology and market leaders, especially for premium motorcycles. In addition to powered two-wheelers equipped with combustion engines or innovative electric drives, the product portfolio also includes e-bikes. As a pioneer in electromobility for two-wheelers in the low-voltage range (48 volts) the group and its strategic partner Bajaj have the prerequisites to assume a leading global role. Entering into the e-bike business was another important step in intensifying activities in the field of two-wheeled electromobility. Electric bicycles are being driven forward under the brands HUSQVARNA E-Bicycles, R Raymon and GASGAS E-Bicycles in order to participate in the attractive market growth of the e-bicycle segment and to become a major international player. Thanks to our innovative strength, we see ourselves as the technology leader in the two-wheeler sector in Europe.

Legal Disclaimer

THIS ANNOUNCEMENT NEITHER CONSTITUTES AN OFFER TO SELL NOR IS IT AN INVITATION 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.

Contact: Investor Relations Mag. Michaela Friepe? Tel.: +43 (0)7242 / 69402 Email: ir@pierermobility.com Website: www.pierermobility.com

End of ad hoc announcement 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 Valor: A2JKHY Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; SIX Swiss Exchange EQS News ID: 1229929 Valorennummer (Schweiz): 41860974 Wertpapierk?rzel: PMAG, Bloomberg: PMAG SE, PMAG GY Reuters: PMAG.S ? End of Announcement EQS Group News Service

1229929??31-Aug-2021?CET/CEST

@ dgap.de