Brief: Pierer Mobility AG Says Revoking Its Guidance For 2024 Financial Year

Bajaj Mobility AG

21/10/2024 19:06

Oct 21 (Reuters) - PIERER Mobility AG  PKTM.VI :
    * EQS-ADHOC: PIERER MOBILITY AG: MARKET DEVELOPMENT IN THE
SECOND
HALF OF THE YEAR BELOW EXPECTATIONS; GUIDANCE 2024 CANCELED;
PIERER MOBILITY AG REDUCES EXECUTIVE BOARD TO TWO MEMBERS
    * PIERER MOBILITY AG - REDUCES EXECUTIVE BOARD TO TWO
MEMBERS
    * PIERER MOBILITY AG: WILL FALL SHORT OF EXPECTATIONS IN
TERMS OF
REVENUE AND EARNINGS
    * PIERER MOBILITY AG - CANCELS 2024 GUIDANCE
    * PIERER MOBILITY AG - DIFFICULT MACROECONOMIC CONDITIONS
ARE
LASTING LONGER THAN EXPECTED
    * PIERER MOBILITY AG: REVOKING ITS GUIDANCE FOR 2024
FINANCIAL
YEAR
    * PIERER MOBILITY AG - IMPLEMENTS COST STRUCTURE REDUCTION
AND
RESEARCH AND DEVELOPMENT CONSOLIDATION
    * PIERER MOBILITY AG - TO COMPLETE BALANCE SHEET
RESTRUCTURING IN
2024
    * PIERER MOBILITY AG - NEW REVIEW OF NON-CASH VALUE
ADJUSTMENTS
WILL ALSO BE CARRIED OUT BY END OF YEAR

Source text for Eikon:  ID:nEQ2Fwkgba 
Further company coverage:  PKTM.VI 

 ((Reuters.Briefs@thomsonreuters.com;))