PIERER Mobility - Powered two wheelers in demand
Interim results from PIERER Mobility confirmed the strong increases in demand being seen for powered two wheelers as lockdowns ended around the globe. Both motorcycles and e-bikes segments are benefiting and while Q220 bore the brunt of COVID-19 impacts, subsequent market developments require higher year-on-year production levels. The continued strength of demand in Q3 has led management to increase FY20 revenue guidance by around 3% to more than €1.45bn with an EBIT margin of 4–6%, and we are increasing our estimates modestly.KTM Industries AG. CROSS Industries AG is an Austria-based company that automotive company that focuses on niche markets in the vehicle, high performance and lightweight areas. It operates through three segments: KTM, PANKL and WP. In the KTM segment, the Company focuses on the development, production and distribution of motorized leisure devices (power sports), primarily under the brands KTM and Husqvarna. The PANKL segment specializes in the production of lightweight components for niche markets, such as the international racing industry, as well as the international luxury and high performance street vehicle industry. The WP segment develops produces and distributes suspension elements, frames, radiators and exhaust systems.
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