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Home motorcycle-news

New Leadership and Financial Restructuring: KTM Lays the Groundwork for the Future

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June 12, 2025
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New Leadership and Financial Restructuring: KTM Lays the Groundwork for the Future
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Pierer Mobility AG, the parent company of KTM, is preparing for a major reconfiguration of its Supervisory Board. Starting June 23, 2025, three new members will take their seats: Dinesh Thapar (CFO at Bajaj), Ernst Chalupsky (a mergers and acquisitions specialist), and Ewald Oberhammer (an expert in corporate immigration). They replace Stephan Zöchling, Rajiv Bajaj, and Friedrich Roithner — signaling a clear shift in strategy and structural direction.

2024 Financial Results: A Year to Leave Behind

The company closed 2024 with a challenging financial picture:

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  • Annual revenue dropped 29%, totaling €1.879 billion
  • EBITDA fell to –€481 million
  • EBIT plunged to –€1.184 billion, heavily impacted by restructuring costs
  • Net debt rose to €1.643 billion
  • The workforce was reduced by 14%, leaving 5,310 employees at year-end

In response, Pierer Mobility has announced it will not distribute dividends for the 2024 fiscal year.

2025 Outlook: Realistic but Not Alarmist

Unlike many competitors, Pierer has released a financial forecast for 2025:

  • A further revenue decline is expected due to production disruptions in the first half of the year
  • Despite an operating loss, the company anticipates a positive EBIT, driven by ongoing restructuring
  • Pierer reaffirmed its commitment to production hubs in Mattighofen and Munderfing, ensuring job and site stability

A New KTM: Less Debt, More Strategy

The increased stake of Bajaj — which may rise to 50% ownership — offers both fresh momentum and higher expectations. The focus is clear: restore financial health, rebuild competitiveness, and preserve the technical and racing DNA of KTM, Husqvarna, GASGAS, and MV Agusta.

With new leadership, a secured industrial base, and transparent communication to the market, KTM is taking its first steps into a new era. The path forward won’t be easy, but the direction is set: less financial fireworks, more long-term consistency — without losing the identity that put KTM on the global motorcycling map.

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