Brief: Pierer Mobility Expects Decline In Sales of 10% To 15% For 2024

Bajaj Mobility AG

14/06/2024 16:55

June 14 (Reuters) - PIERER MOBILITY AG  PKTM.VI :
    * PIERER MOBILITY AG - ADJUSTS GUIDANCE FOR 2024
    * PIERER MOBILITY AG - EXPECTS A DECLINE IN SALES OF 10% TO
15%
FOR BOTH MOTORCYCLES AND BICYCLE DIVISIONS DUE TO CURRENT MARKET
DEVELOPMENTS
    * PIERER MOBILITY AG - IN BICYCLE DIVISION, HOWEVER,
EXECUTIVE
BOARD ANTICIPATES A SIGNIFICANTLY NEGATIVE EBIT OF EUR -110 TO
EUR -130 MILLION FOR 2024
    * PIERER MOBILITY AG - DUE TO LATEST INTEREST RATE DECISIONS
IN
USA, INTEREST RATES ARE EXPECTED TO REMAIN HIGH, WHICH WILL HAVE
A NEGATIVE IMPACT ON SALES EXPECTATIONS FOR AMERICAN MARKET
    * PIERER MOBILITY AG - SALES FIGURES WILL FALL SHORT OF
EXPECTATIONS THIS YEAR AFTER THREE YEARS OF ABOVE-AVERAGE
SUCCESS

Source text for Eikon:  ID:nEQ45Z1gda 
Further company coverage:  PKTM.VI 

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