PIERER Mobility Secures Creditor Approval for KTM AG Reorganization

PIERER Mobility AG announced the acceptance of KTM AG's reorganization plan by creditors, marking a significant step in the company's recovery. The plan includes a 30% cash quota payment to creditors, due by May 23, 2025, and necessitates around EUR 800 million in fresh capital to support operations.

KTM AG, a subsidiary of PIERER Mobility AG, initiated court restructuring proceedings on November 29, 2024. The restructuring objective was to reach a creditor agreement within 90 days, which has now been achieved.

CEO Gottfried Neumeister expressed optimism about KTM's direction, highlighting the commitment of employees and the company's continued dedication to its global fanbase and Austrian roots.

To ensure production resumes mid-March 2025, financial support of EUR 50 million from shareholders will facilitate a gradual ramp-up to full capacity within three months.