DGAP-Ad-hoc: PIERER Mobility AG / Key word(s): Change in Forecast PIERER Mobility AG: Further increase in revenue forecast for the 2021 fiscal year 26-Aug-2021 / 17:45 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to article 17 of Regulation (EU) NO 596/2014 (MAR) Ad hoc announcement pursuant to Art. 53 KR Wels, 26 August 2021 PIERER Mobility AG: Further increase in revenue forecast for the 2021 fiscal year . Continued positive global demand for motorized two-wheelers (motorcycles and e-bicycles) leads to furtherincrease in the revenue forecast

Due to the continued positive global demand for motorized two-wheelers (motorcycles and e-bicycles), the Executive Board today announces that it is again raising the revenue guidance for the 2021 fiscal year published in April 2021.

Despite the ongoing COVID-19 related supply chain challenges, the outlook remains positive and the Executive Board raises the revenue guidance for the 2021 fiscal year to EUR 1,900 million - EUR 2,000 million (previous 2021 revenue guidance: EUR 1,850 million - EUR 1,950 million). The forecast for the EBIT margin in the amount of 8 - 9% and the EBITDA margin > 15% remains unchanged. Contact Investor relations Michaela Friepeß, Tel.: +43 (0)7242 / 69402 Email: ir@pierermobility.com Website: www.pierermobility.com

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26-Aug-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      PIERER Mobility AG 
              Edisonstrasse 1 
              4600 Wels 
              Austria 
Phone:        +43 (0) 7242 69 402 
E-mail:       ir@pierermobility.com 
Internet:     www.pierermobility.com 
ISIN:         AT0000KTMI02 
WKN:          A2JKHY 
Listed:       Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Munich, Stuttgart, Tradegate Exchange; SIX 
EQS News ID:  1229242 
Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PMAG, Bloomberg: PMAG SE, PMAG GY Reuters: PMAG.S 
 
End of Announcement  DGAP News Service 
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1229242 26-Aug-2021 CET/CEST

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(END) Dow Jones Newswires

August 26, 2021 11:45 ET (15:45 GMT)