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BMAG — Bajaj Mobility AG News Story

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Consumer CyclicalsMid Cap

Austria's Bajaj Mobility AG H1 revenue jumps as motorcycle sales more than double

Austria's Bajaj Mobility AG H1 revenue jumps as motorcycle sales more than double


Overview

  • Austria premium motorcycle maker's H1 revenue rose 65% yr/yr to EUR 701.4 mln

  • Motorcycle revenue more than doubled, with 89,004 units sold in H1

  • Company achieved positive EBITDA and turned EBIT positive in Q2 after restructuring


Outlook

  • Company did not provide specific guidance or outlook commentary in press release


Result Drivers

  • MOTORCYCLE SALES - Co said revenue growth was driven by a 91.9% increase in motorcycle unit sales from KTM, Husqvarna and GASGAS brands

  • FIXED COST REDUCTION - Co reduced fixed costs by EUR 65.8 mln in H1, supporting improved profitability

  • INVENTORY REDUCTION - Co reduced worldwide motorcycle inventory levels by 10,190 units since the beginning of the year


Company press release: ID:nEQ8FgR8la


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

EUR 701.40 mln

H1 EBITDA

EUR 37.60 mln

H1 EBITDA Margin

5.40%


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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