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Semi-annual financial statements of KTM, Husqvarna and GasGas

Towards mid-July, the semi-annual financial statements of the parent company of KTM, Husqvarna and GasGas – Pierer Mobility Group were prepared and published. Usually the company publishes it in August, but this year it hastened to share its results ahead of time – apparently because Pierer Mobility has something to be proud of.

Market fluctuations

2020 turned out to be a difficult and atypical year for everyone due to the coronavirus crisis. 2021 is still a little strange, but in a slightly different sense. Due to different strategies for dealing with the crisis and the virus in different countries, motorcycle sales fluctuate almost unpredictably.

And despite this, according to Pierer Mobility, for the first half of 2021, they sold (under all three brands) 176,045 units of motor vehicles. This is 95 percent higher than in the same period in 2020. In addition, they sold 53,378 electric and conventional bicycles under the R Raymon, Husqvarna and GasGas brands.

By region, Pierer sold 73,224 motorcycles in Europe in the first half of 2021, a 76 percent increase over the same period in 2020. In North America, 30,419 units were sold, an incredible 160 percent more than a year ago. India sold 30,561 units, 52 percent more than last year, while Australia and New Zealand sold a modest 7,842 units, which is nonetheless 25 percent more than in the first half of 2020.

The report also states that since June 2020, Pierer has hired 500 additional employees and is still looking for specialists for some vacancies. In addition, they are training a new generation of specialists in the motorcycle industry and plan to train about 200 people, 70 of whom will start their studies in 2021.

The full official semi-annual financial statement of Pierer Mobility AG will be released on August 31, 2021, but its highlights give the impression that Oranges are doing very well this year.

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