Following a revenue warning, Pierer Mobility shares fell by 18 p.c to 29 euros on Monday. The shares are actually approaching the low of March 2020. For the reason that starting of the yr, the share worth has fallen by greater than 40 p.c.
As reported, the corporate expects a decline in gross sales of between ten and 15 p.c for bikes and bicycles this yr. Whereas the working consequence (EBIT) within the motorbike sector ought to stay secure because of value financial savings, a lack of between 110 and 130 million euros is to be anticipated within the bicycle sector, the corporate introduced on Friday following the inventory market closed.
