An announcement from PIERER Mobility AG ( (CH:PKTM) ) is now available.
PIERER Mobility AG announced a significant loss of half its share capital due to reduced operating performance and restructuring expenses for the 2024 financial year. To address this, the company plans to implement capital measures, including a cash capital increase of €150 million and a non-cash capital increase of €200 million, with the support of its main shareholder, Pierer Bajaj AG. These measures aim to stabilize the company’s financial position and support its restructuring efforts.
More about PIERER Mobility AG
PIERER Mobility AG operates in the mobility industry, focusing on the production and distribution of motorcycles and related products. The company is known for its association with the KTM Group and has a significant market presence in Europe and other regions.
YTD Price Performance: -7.60%
Average Trading Volume: 1,782
Technical Sentiment Signal: Strong Buy
Current Market Cap: €663.8M
For a thorough assessment of PKTM stock, go to TipRanks’ Stock Analysis page.