PIERER Mobility AG Faces Restructuring and Liquidity Challenges at KTM AG

PIERER Mobility AG announces significant restructuring and additional liquidity needs for its subsidiary, KTM AG. As of mid-2024, KTM AG contributed over 95% of PIERER's revenue. The company is negotiating with Pierer Bajaj AG and financial creditors for restructuring financials, including securing bridge financing within the three-digit million range. These discussions are in early stages, thus the terms and amounts involved remain uncertain.

Operational changes are essential to stabilize KTM AG amid a challenging economic climate. The focus is on reducing inventories by cutting production volumes to sustainable levels and decreasing overhead costs. These measures aim to stabilize costs and sales from 2025, ensuring long-term competitiveness and profitability for KTM AG.

Further updates will follow.