KTM: Change on the Supervisory Board - Pierer Mobility ago before crucial days!

KTM: Change on the Supervisory Board - Pierer Mobility ago before crucial days!

Österreich - The economic situation of Pierer Mobility, the parent company of KTM, has deteriorated dramatically. In a recent report by OE24 , the latest developments in the company are highlighted by the withdrawal of several supervisory board members. The chairman Stephan Zöchling, his deputy Rajiv Bajaj and Friedrich Roithner, have announced that they can be covered with the general meeting on June 23, 2025.

The restructuring is carried out against the background of sudden financial difficulties. The measures are part of a comprehensive plan to stabilize corporate management and to cope with the challenges with which Pierer Mobility is currently faced.

changes to the supervisory board and future candidates

for the successor of Zöchling, Bajaj and Roithner, Dinesh Thapar, the CFO of Bajaj Auto Limited, as well as Ernst Chalupsky and Ewald Oberhammer run. These changes could be crucial for the future orientation of the company. Under the circumstances that Stephan Pierer, the long -time CEO of KTM, has pledged stocks to Zölling's Dabepo Holding, the question arises as to which direction Pierer Mobility will now be.

Another critical point is the financial rescue that was carried out on May 22, 2023 by Bajaj Auto International Holdings. This intervention helped KTM to avert impending bankruptcy by setting the creditor quota. A total of 450 million euros were provided as a loan, in addition to another 150 million euros from Pierer Mobility.

financial challenges

The financial results for 2024 are alarming: Pierer Mobility recorded a drop in sales from 29.4 % to 1.879 billion euros and a loss of 1.08 billion euros. The result before tax was minus 1.28 billion euros. In addition, net debt has risen sharply; At the end of 2024 it was 1.642 billion euros compared to 775.9 million euros earlier. At the same time, equity fell to minus 193.7 million euros after it was still at plus 909.3 million euros in 2023.

With the number of employees, which went back to 5,310 (minus 14.1 %) by the end of 2024, there is also a significant reduction in the workforce, whereby there are 4,099 employees in Austria.

strategic realignment and management problem

The current difficulties require a comprehensive strategy to stabilize the company that also affect corporate management. In particular, the need for effective strategic planning and ensuring liquidity are now central topics. Economics emphasizes that the tasks of corporate management include the livelihood and the strategic orientation of the company.

The focus on agile and adaptive corporate management is becoming increasingly important, especially in times of economic crises. The pressure on Pierer Mobility executives could strengthen in the coming months while trying to regain the trust of investors and employees.

In summary, the location of KTM and Pierer Mobility is anything but stable. The changes in the Supervisory Board and the financial difficulties indicate that the company is in a critical phase that requires a clear strategic vision.