Pierer Mobility jumps after guidance hike, dividend proposal
28/12/2022 08:57
** Swiss-listed Pierer Mobility's PMAG.S shares jump 6%
after the motorcycle manufacturer hiked its revenue guidance and
doubled dividend proposal
** The producer of KTM motorcycles said it now expects
revenue growth of 15-20% in 2022 compared to the earlier
forecast of 10-15% growth
** It added it would propose doubling dividend to at least 2
EUR per share as it expects record result for this year
** Vontobel analysts said better revenue performance is
driven by better component availability for motorcycles and
bicycles and robust demand especially outside Europe
(Reporting by Andrey Sychev)
((andrey.sychev2@thomsonreuters.com))