Brief: Pierer Mobility Increases Revenue Forecast For FY 2022

Bajaj Mobility AG

29/08/2022 16:47

Aug 29 (Reuters) - PIERER MOBILITY AG  PMAG.VI :
    * EQS-ADHOC: PIERER MOBILITY AG: INCREASE OF THE REVENUE
FORECAST
FOR THE 2022 FINANCIAL YEAR
    * MANAGEMENT BOARD ANNOUNCES THAT IT IS INCREASING REVENUE
FORECAST FOR 2022 FINANCIAL YEAR PUBLISHED IN Q1 OF 2022
    * REVENUE FORECAST FOR 2022 FINANCIAL YEAR IS INCREASED TO A
GROWTH OF 10 TO 15 PERCENT COMPARED TO PREVIOUS YEAR (PREVIOUSLY
FORECASTED REVENUE GROWTH FOR 2022 FINANCIAL YEAR: 6 TO 10
PERCENT)
    * BASED ON GOOD PERFORMANCE IN FIRST HALF OF YEAR,
MANAGEMENT
BOARD EXPECTS STRONG BUSINESS DEVELOPMENT TO CONTINUE IN SECOND
HALF OF 2022
    * EXPECTATION IS SUPPORTED, AMONG OTHER THINGS, BY A SLIGHT
EASING
OF SUPPLY CHAIN SITUATION IN SECOND HALF OF 2022
    * OUTLOOK 2022: FORECASTS FOR EBIT MARGIN OF 8 TO 10 PERCENT
AND
AN EBITDA MARGIN BETWEEN 15 AND 17 PERCENT ARE CONFIRMED

Source text for Eikon:  ID:nEQ3rDRGTa 
Further company coverage:  PMAG.VI 

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