Fairly challenging 2023 preliminary results for Europe’s largest motorcycle manufacturer Pierer Mobility, which BDN reported in its March 2024 issue, have now been updated with the fully audited version. Auditors revealed a final figure for Pierer’s annual earnings implosion. Net profit more than halved, plunging by 55.2% to £65.4m (€76.4m).
The company has since added a majority holding in MV Agusta to its stable of wholly-owned KTM, Husqvarna and GasGas powered two-wheeler brands. But we shall have to wait for Pierer’s first periodic financial statement in the current year to discover how much acquisition of this controlling 50.1% MV Agusta stake has cost – if indeed it’s ever made public.