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PIERER CLAIMS RECORD 2020 RESULT

KTM, Husqvarna and GasGas parent Pierer Mobility has teased investors with some key figures in advance of a full 2020 results presentation. BDN financial editor Roger Willis reports.

The Austrian group says that annual revenue rose by 0.7% to £1.36bn, following an energetic recovery during the second half of last year from the Covid pandemic’s earlier impact. This stands as a tenth consecutive record turnover increase.

However, global sales for its three motorcycle brands were 3.5% down at 270,407. Shipments to dealers in Europe accounted for “around 100,000” of these, with the bulk sold in overseas markets, notably North America, India and Australia.

Pierer’s e-bicycle division, featuring the Husqvarna and Raymon brands, posted muscular 33.5% volume growth, shipping 56,064 pedelecs to European dealers.

Recovery also included 218 new employees joining its 4586-strong workforce.  

 

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