The growth should be driven by the high demand in North America, Australia and China as well as by the expected market recovery in Europe.
“Pierer Mobility anticipates continued high demand in the motorized two-wheeler sector in the 2021 financial year and a further increase in sales and operating profit compared to the 2020 financial year. It is expected that the operating margin in the motorcycle sector will return to its pre-crisis level. Growth is expected Above all, it was driven by the continued high demand in North America, Australia and China as well as the expected market recovery in Europe “, it said in a broadcast.
For the 2021 financial year, sales between 1.8 billion and 1.9 billion euros, an EBIT margin between eight and nine percent and an Ebitda margin of 15 percent are expected.
“In the important and rapidly growing e-bike sector, the group will develop into a major global player in the medium term. Expansion into further European markets and the expansion of the dealer network to include motorcycle dealers are planned for 2021. To address the issue of e-mobility in the e-bike sector The GASGAS brand will be added to the portfolio to make it accessible to an even broader target audience, “it continues.
