PIERER Mobility AG: Record growth in Q1 2021 (106,453 units sold)
PIERER Mobility - the KTM, Husqvarna and GasGas parent company - announced record Q1 2021 revenues at € 509m, driven by "high global demand for powered two-wheelers (PTWs)". This represented a +82% increase over the € 278.9m recorded for the year-ago quarter.
"Despite ongoing supply chain challenges, a total of 106,453 vehicles (Q1 2020: 59,168) were sold worldwide, including 87,197 motorcycles (Q1 2020: 49,869 units) of the KTM, Husqvarna and GasGas brands and 19,256 R RAYMON and Husqvarna brand e-bikes (Q1 2020: 9,299 units) - an increase of +80% over the same period of the previous year. This is associated with a significant increase in global market shares.
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| The new KTM 1290 Super Adventure S will represent a third standard/base entry level 1290 cc Super Adventure model when it is unveiled later in 2021. |
"In Europe, 53,971 motorcycles and e-bikes were sold during the period (+79% over the same period of the previous year). Growth was particularly strong in North America, where 12,637 motorcycles were sold, up by +145% over the same period of the previous year. A similar trend was seen in Australia, with an increase of +109% and a total of 4,357 units sold.
In India, despite the ongoing difficult conditions related to the COVID-19 crisis, sales increased by +24% to 20,712 motorcycles.
Since the beginning of 2021, the PIERER Mobility Group has increased its headcount by 130 people to 4,730 and is still looking for employees in all areas. As part of its apprenticeship offensive, 65 more apprentices will start their training in this year. In total, the group is training 190 apprentices.
"Despite the ongoing COVID-19 related supply chain challenges, the outlook remains positive, and the Executive Board raises the revenue guidance for the 2021 financial year to between € 1,850m and € 1,950m (previous revenue guidance 2021: € 1,800m to € 1,900m).
