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International

05/04/2020

Following an Austrian federal government announcement of even more stringent measures in the fight against Covid-19, Pierer Mobility’s management board says it has assessed these measures and their economic consequences for currently shut-down specialist motorcycle traders selling the KTM, Husqvarna and GasGas brands — and is to redirect last year’s profits to help them.

The board concluded that negative economic effects on the retail sector in general will continue for a longer period than previously assumed. So financial support for its dealer networks will be necessary. To fund this decision, Pierer Mobility will therefore not distribute any dividend to its shareholders for the 2019 fiscal year.