KTM AG Initiates Judicial Restructuring for Future Stability

PIERER Mobility AG has announced that its subsidiary, KTM AG, will apply for judicial restructuring proceedings with self-administration. This decision arises from KTM's pressing need for interim financing, which could not be secured promptly. The move aims to preserve KTM’s assets and allow the company to independently reorganize.

The restructuring process will focus on negotiating a reorganization plan with creditors within a 90-day timeframe. The ultimate goal is to ensure the KTM Group's long-term viability and emerge from this phase in a stronger position. Notably, the restructuring affects only specific subsidiaries, leaving sales operations untouched.

CEO Stefan Pierer emphasizes the importance of this strategic "pit stop" to safeguard the company he has built over three decades. With the recent addition of Co-CEO Gottfried Neumeister, Pierer remains optimistic about steering KTM towards renewed success.