PIERER Mobility AG provided earnings guidance for the first half, second half and full year of 2020. The company expects sales of EUR 600 million (first half 2019: EUR 754.9 million), but already in the first half of the year a positive EBIT of EUR 1.7 million (first half 2019: EUR 46.6 million). Due to the strong global demand, the group expects sales to increase to more than EUR 800 million in the second half of 2020 and is therefore significantly higher than in the same period of the previous year (second half 2019: EUR 765.3 million). Annual sales for 2020 are expected to exceed EUR 1,400 million (FY 2019: EUR 1,520.1 million). The e-bike division will already contribute sales of more than EUR 110 million.