April is always the time for quarterly/yearly reports from your favorite OEMs. Pierer Mobility, the parent company of KTM, usually releases its annual FY2024 report by the end of April. However, this year is different. Due to ongoing financing and restructuring plans, Pierer has postponed the publication of the report for 2025. As of April 28, 2025, these details are still unresolved. The key accounting issue is confirmation of the going concern assumption. The commitments from investors are necessary for the accounting with going concern value and confirmation in the annual financial statements. If the investor process fails, the company may have to recognize a liquidation value without a positive going concern estimate and prepare a new annual financial report for 2024. However, if they can resolve these issues, Pierer Mobility aims to publish the FY2024 annual financial report on May 30, 2025. In place of the complete report, Pierer has released some preliminary figures and information. These numbers are based on the assumption that financing and reorganization can proceed as planned. Sales are expected to decrease by around 29% for the fiscal year 2024, with reported net debt of €1.643 billion and negative equity of €199 million. Along with financial challenges, the company has also reduced its workforce and plans to exit the bicycle business in fiscal year 2025. Despite economic uncertainties and ongoing reorganization, Pierer has indicated that there may be a positive equity figure if restructuring targets are met, offering hope for the future. As we approach May 1, 2025, the fate of KTM remains uncertain, with potential for positive outcomes if restructuring goals are achieved. The community hopes for a successful turnaround for KTM and Pierer Mobility in the coming months.
KTM Parent Company Records Loss of Nearly 1.2 Billion Euros Last Year
