Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Austria
  4. Wiener Boerse
  5. PIERER Mobility AG
  6. News
  7. Summary
    PMAG   AT0000KTMI02

PIERER MOBILITY AG

(PMAG)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

DGAP-Adhoc: PIERER Mobility AG forms Joint Venture in Bulgaria

07/21/2021 | 11:46am EDT
DGAP-Ad-hoc: PIERER Mobility AG / Key word(s): Joint Venture 
PIERER Mobility AG forms Joint Venture in Bulgaria 
21-Jul-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. 
=---------------------------------------------------------------------------------------------------------------------- 
Ad hoc announcement pursuant to article 17 Regulation (EU) N0 596/2014 (MAR) 
Ad hoc announcement pursuant to article 53 LR 
Wels, July 21, 2021 
PIERER Mobility AG forms Joint Venture in Bulgaria 
  . PIERER MOBILITY AG forms a joint venture with MAXCOM for e-bike production in Bulgaria 
  . Expansion of the bicycle and e-bike production capacity in Europe 
  . PIERER Mobility AG brings its entire vehicle development and production expertise to the joint venture 
Today PIERER Mobility AG and Maxcom Ltd. decided to form a joint venture wherein they each have a 50 % interest. The 
total investment volume is EUR 40 million. A state-of-the-art e-bike production facility is being built on an area of 
??130,000 m². International suppliers are also given the opportunity to set up production facilities on site. 
Commissioning is planned for the second half of 2023. The annual production capacity is around 350,000 pieces. 
About Maxcom Ltd. 
Maxcom Ltd. is one of the largest bicycle manufacturers in Eastern Europe and is part of MAXEUROPE in Bulgaria. In 
2001, their bikes were officially introduced in the EU and since then over 95% of our OEM products are sold to European 
customers. Maxcom is already a supplier of Pierer E-Bikes GmbH, mainly with bikes from the R RAYMON brands, but 
increasingly also from Husqvarna E-Bicycles. 
About the PIERER Mobility Group 
The PIERER Mobility Group is Europe's leading manufacturer of "powered two-wheelers" (PTW). With its motorcycle brands 
KTM, HUSQVARNA Motorcycles and GASGAS, it is one of the European technology and market leaders, especially for premium 
motorcycles. In addition to powered two-wheelers equipped with combustion engines or innovative electric drives, the 
product portfolio also includes e-bicycles. As a pioneer in electromobility for two-wheelers in the low-voltage range 
(48 volts) the group and its strategic partner Bajaj have the prerequisites to assume a leading global role. The 
acquisition of PEXCO's e-bicycle business was another important step in intensifying activities in the field of 
two-wheeled electromobility. E-bicycle activities will be promoted under the brands HUSQVARNA E-Bicycles, R Raymon and 
GASGAS E-Bicycles in order to participate in the attractive market growth of the e-bicycle segment and to become a 
major international player. Thanks to our innovative strength, we see ourselves as the technology leader in the 
two-wheeler sector in Europe. 
Legal Disclaimer 
THIS ANNOUNCEMENT NEITHER CONSTITUTES AN OFFER TO SELL NOR IS IT AN INVITATION TO SUBMIT A PROPOSAL FOR THE ACQUISITION 
OF SECURITIES OF PIERER MOBILITY AG. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR 
INDIRECTLY, IN WHOLE OR IN PART, INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY 
OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. 
Contact: 
Investor Relations 
Mag. Michaela Friepeß 
Tel.: +43 (0)7242 / 69402 
Email: ir@pierermobility.com 
Website: www.pierermobility.com 
=---------------------------------------------------------------------------------------------------------------------- 
21-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
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:  1220770 
Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PMAG, Bloomberg: PMAG SE, PMAG GY Reuters: PMAG.S 
 
End of Announcement  DGAP News Service 
=------------ 

1220770 21-Jul-2021 CET/CEST

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1220770&application_name=news 
 

(END) Dow Jones Newswires

July 21, 2021 11:45 ET (15:45 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.48% 34584.88 Delayed Quote.13.75%
DOW JONES AFRICA TITANS 50 INDEX -0.45% 511.52 Delayed Quote.-3.30%
PIERER MOBILITY AG 1.55% 78.5 End-of-day quote.18.05%
S&P AFRICA 40 INDEX 0.31% 167.81 Delayed Quote.-3.30%
All news about PIERER MOBILITY AG
09/10PIERER MOBILITY AG : Release according to Article 40, Section 1 of the WpHG [the..
DJ
09/09PIERER Mobility AG english
DJ
09/06PIERER MOBILITY : to Spend $24 Million on New E-Mobility Competence Center in Au..
MT
09/06PIERER MOBILITY : takes the next steps in e-mobility research & development init..
EQ
09/06PIERER Mobility AG Announces €20 Million Investment in Dedicated 7,780 Square..
CI
09/02PIERER Mobility AG english
DJ
08/31DGAP-AFR : PIERER Mobility AG: Release of a Financial report
DJ
08/31PIERER MOBILITY : Bounces Back To H1 Profit Amid Record Sales, Revenue
MT
08/31EQS-ADHOC : PIERER Mobility AG: First half-year of 2021 - On track for 11th reco..
DJ
08/31PIERER Mobility AG Reports Earnings Results for the Half Year Ended June 30, ..
CI
More news
Financials
Sales 2021 2 040 M 2 392 M 2 392 M
Net income 2021 65,3 M 76,6 M 76,6 M
Net Debt 2021 275 M 322 M 322 M
P/E ratio 2021 30,0x
Yield 2021 0,38%
Capitalization 1 735 M 2 036 M 2 034 M
EV / Sales 2021 0,98x
EV / Sales 2022 0,96x
Nbr of Employees 4 888
Free-Float 32,7%
Chart PIERER MOBILITY AG
Duration : Period :
PIERER Mobility AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PIERER MOBILITY AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 0
Last Close Price 78,50 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Stefan Pierer Chairman-Management Board & CEO
Friedrich Roithner Chief Financial Officer
Josef Blazicek Chairman-Supervisory Board
Klaus Rinnerberger Member-Supervisory Board
Ernst Chalupsky Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
PIERER MOBILITY AG18.05%2 078
BAJAJ AUTO LIMITED10.30%14 993
EICHER MOTORS LIMITED14.59%10 625
YAMAHA MOTOR CO., LTD.47.58%9 896
HERO MOTOCORP LIMITED-5.72%7 929
HARLEY-DAVIDSON, INC.5.67%5 888