More changes as KTM is thrown a financial lifeline
As the financial reorganisation of KTM continues, several investors have pledged to provide supportKTM has been offered a lifeline, with several investors declaring they will make financial resources available to the embattled company.
A press release on the Pierer Mobility AG (KTM’s parent company) investor site said that the funds will either be made available to Pierer Mobility for onward transfer to KTM AG, or directly to KTM AG or its subsidiaries.
The company is now expected to enter discussions with these investors to define the exact nature of the deals.
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Meanwhile, Stefan Pierer has stepped down as CEO of both Pierer Mobility AG and KTM AG, handing the reins over to Gottfried Neumeister, who joined the company as co-CEO in September, 2024.
Pierer is expected to stay at the company as part of the executive board and assist Neumeister with the reorganisation process. Pierer is credited with growing KTM into a global leader since his arrival in 1992.
The structural change comes as KTM revealed it sold 292,497 motorcycles to dealers in the 2024 financial year, which translates to a 21 per cent decline from 2023. The company also said it made EUR 1.9 billion in revenue, which is a 29 per cent decline, while net debt is expected to increase.
A stock reduction is “in full swing”, while further information on the future of KTM’s subsidiaries and its presence in MotoGP is still to be revealed.
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