The 525 million euros for the quota for the creditor on time on the Renovation receiver report, with Bajaj, the previous strategic partner now has the lead – that has been clearly since months of vibrating motorcycle manufacturer KTM since last week. The parent company Pierer Mobility presented the final figures for 2024 on Wednesday morning.
With the renovation of KTM, everything has been on schedule since last week. Now you wait until the procedure is completed. Then the money is also transferred to the creditors.
The group around the motorcycle manufacturer was able to make nails with their heads in the annual report. On Wednesday, Pierer Mobility AG, the parent company of KTM, presented the final figures for the previous year. With a turnover of EUR 1,879 billion, this fell by 29 percent compared to the previous year.
The result of the operational company after depreciation shows a huge min – it was around 1,184 billion euros loss. Equity was negative at 194 million euros. At the end of 2024, Pierer Mobility employed 5310 employees – a decrease of 14 percent.
A persistently challenging economic environment is also expected for this year, the sale will be lower than 2024, which is also due to the production of six months. By the end of 2025, management expects the standardization of your own and also the inventory of dealers and importers.
“Must do production again”
Again, it is confirmed that the absorption of full production is planned at the end of July. What encourages: warehouse savings are above the plan. CEO Gottfried Neummeister had already said last week: “This has the positive effect that we have to start production again and not only be able to use this international demand for our motorcycles.”
The necessary production capacities for the coming years are guaranteed by the investments in recent years. The existing locations, in particular the most important works in Mattighofen and Munderfing, are secure, emphasizes Pierer mobility on Wednesday morning. KTM can continue to play the role as an important employer in the region, it is said.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
