EQS-News: Bajaj Mobility AG (formerly PIERER Mobility AG): Next steps in the restructuring as part of the efficiency program

EQS-News: Bajaj Mobility AG / Key word(s): Restructure of
   Company/Restructure of Company
   Bajaj Mobility AG (formerly PIERER Mobility AG): Next steps in the
   restructuring as part of the efficiency program

   13.01.2026 / 20:58 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Corporate News 

   Mattighofen, January 13, 2026

    

   Bajaj Mobility AG (formerly PIERER Mobility AG): Next steps in the
   restructuring as part of the efficiency program

   As part of an efficiency program, KTM AG is implementing difficult but
   necessary measures to continue the successful new start of 2025 following
   the insolvency of KTM AG at the end of 2024. The aim is to sustainably
   strengthen competitiveness by reducing fixed costs, streamlining
   structures, focusing the product and project portfolio, and optimizing our
   international site and leadership network. As part of this necessary
   realignment, a reduction of around 500 employees – predominantly in
   salaried positions and middle management – is unavoidable. In addition,
   the required early warning notifications pursuant to Section 45a of the
   Austrian Labor Market Promotion Act (AMFG) will be submitted to the
   competent Public Employment Service (AMS). The headcount as of December
   31, 2025, amounted to 3,794 employees.

   “This reduction in positions is a difficult but necessary decision to
   lower our costs, slim down structures, and thereby place the company on a
   stable footing for the long term,” said CEO Gottfried Neumeister. “We are
   reducing complexity across all areas—for example in our model range, in
   IT, and also in the organization of our departments, particularly by
   removing one management layer.” All measures are taken with a clear focus
   on the Motorcycles segment with the three core brands KTM, GASGAS, and
   Husqvarna.

   In 2025, the company had already divested its bicycle business with the
   sale of FELT Bicycles. The termination of the distribution of CFMOTO and
   the sale of MV Agusta and X-Bow marked further milestones in the
   realignment. With a smaller core team in the future and significantly
   lower structural costs, KTM AG is pursuing its goal of simplification and
   focus in order to once again become one of the world’s leading motorcycle
   manufacturers.

   With Bajaj Auto International Holdings B.V. as a strong majority
   shareholder, Bajaj Mobility AG has solid support in accompanying the
   rightsizing in Austria and worldwide. This is a clear signal that KTM will
   continue to be positioned as a strong international brand. In 2025, KTM
   achieved record successes in motorsport with 29 championship titles. With
   the consistent implementation of cost reductions, economic improvements
   will also be realized in 2026. Customer and dealer confidence in KTM
   became clearly evident in the second half of 2025 through inventory
   reductions, which were carried out faster than expected due to strong
   demand.

    

   About Bajaj Mobility AG (formerly PIERER Mobility AG)

   Bajaj Mobility AG (formerly PIERER Mobility AG) is the holding company of
   the KTM Group, one of Europe’s leading motorcycle manufacturers. With its
   brands KTM, Husqvarna, and GASGAS, KTM AG ranks among Europe’s premium
   motorcycle manufacturers. In addition to motorcycles with internal
   combustion engines, the product portfolio also includes high-end
   components (WP) as well as vehicles with innovative electric drivetrains.

    

   For further information

   Investor Relations

   Dipl.-Ök. Stephanie Kniep

   Tel: +43 664 2896931

   E-Mail: [1][email protected]

   Website:[2] https://www.bajajmobility.com

   ISIN: AT0000KTMI02; Schweizer Valorennummer (Schweiz): 41860974;
   Ticker-Symbol: BMAG; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S, PKTM.VI

    

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   13.01.2026 CET/CEST This Corporate News was distributed by [3]EQS Group

   View original content: [4]EQS News

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   Language:    English
   Company:     Bajaj Mobility AG
                Stallhofnerstraße 3
                5230 Mattighofen
                Austria
   Phone:       +43 (0) 7742-6000
   Fax:         +43 (0)7742-6000300
   E-mail:      [email protected]
   Internet:    www.bajajmobility.com
   ISIN:        AT0000KTMI02
   WKN:         A2JKHY
   Listed:      SIX, Vienna Stock Exchange
   EQS News ID: 2259548

   Valorennummer (Schweiz): 41860974 Wertpapierkürzel: BMAG Bloomberg: PKTM
   SW; PKTM AV Reuters: PKTM.S; PKTM.VI

    
   End of News EQS News Service


   2259548  13.01.2026 CET/CEST

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