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PIERER LIFTS SECOND-HALF FORECAST

On the back of “sustained high demand” for the KTM, Husqvarna and GasGas motorcycle brands, plus Husqvarna and R Raymon pedelecs, Pierer Mobility’s board of directors has just upgraded its sales revenue forecast covering the second half of 2020. BDN financial editor Roger Willis reports.

The company now estimates turnover in the period will exceed £770m, up from a previous forecast issued two months ago of £724m. This equates to a rise of at least 11% against last year’s actual second-half revenue of £692.2m.

Annual 2020 revenue of more than £1.31bn is anticipated, falling by around 5% from full-year turnover of 1.37bn in 2019.

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