Pierer Mobility AG — better known for its family of brands including KTM, Husqvarna and GasGas — had another record year in 2021. The Austrian-based OEM posted increases in revenue in motorcycles and eBikes. Year end tallies were positive in all business branches:
• Motorcycle sales 332,881 (+23%)
• Bicycle sales 102,753 (+40%)
• eBikes: 76,916 (+37%)
Expected revenue for 2021 is expected to be in the neighborhood of EUR 2,040 million, up +32% over 2020. Expected EBITDA margin could be as much as 9.5%. With sales of 332,881 motorcycles (previous year: 270,407) in the 2021 financial year, PIERER Mobility achieved its 11th record year in a row. Total sales volume increase of 23%. In Europe, approximately 120,000 motorcycles were sold, which means two thirds of the Group’s motorcycle sales came from markets outside Europe, primarily North America, India and Australia (approx. 210,000 units).
In addition, the bicycle division with the HUSQVARNA, R RAYMON and GASGAS brands achieved a sales growth of more than 40% and sold 102,753 bicycles (previous year: 73,277), of which 76,916 were E-bicycles (previous year: 56,064).