Brief: Pierer Mobility H1 EBITDA At EUR 162.3 Mln

Bajaj Mobility AG

30/08/2022 06:12

Aug 30 (Reuters) - PIERER MOBILITY AG  PMAG.VI :
    * H1 EBITDA AT EUR 162.3 MILLION (NOT EUR 171.2 MILLION)
    * H1 EBITDA MARGIN AT 14.1%(NOT 15.9%)
    * H1 EBIT MARGIN AT 8.0% (NOT 9.5%)
    * H1 EBIT FELL 9.6 PERCENT TO 92.8 MILLION EUR
    * H1 REVENUE: EUR 1,154.1 MILLION (+7.1% VERSUS. H1 2021)
    * H1 EBIT: EUR 92.8 MILLION (-9.6% VERSUS. H1 2021)
    * H1 SALES: 163,334 MOTORCYCLES (-7.2% VERSUS. H1 2021)
    * GUIDANCE FOR 2022 INCREASED
    * H1 SALES: 51,417 E-BICYCLES & BICYCLES (-3.7% VERSUS. H1
2021)
    * HEADCOUNT INCREASED BY 768 TO A TOTAL OF 5,656 EMPLOYEES
    * OUTLOOK 2022: EBIT MARGIN OF 8% TO 10% AND AN EBITDA
MARGIN OF
BETWEEN 15% AND 17% ARE CONFIRMED
    * OUTLOOK 2022: HAS INCREASED GUIDANCE FOR 2022 AND EXPECTS
2022
FINANCIAL YEAR TO DELIVER REVENUE GROWTH OF BETWEEN 10% AND 15%
(PREVIOUSLY FORECASTED REVENUE GROWTH FOR 2022 FINANCIAL YEAR: 6
TO 10%)

Further company coverage:  PMAG.VI 

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