• Sales: € 3,596.7 million (+10%)
  • EBIT: € 208.0 million (-23%)
  • EBITDA: € 437.3 million (-9%)
  • Personnel: 11,040 employees (+123), of which 7,023 in Austria
  • Investments: € 359.7 million (-8%), of which € 285 million in Austria


Sales and earnings performance in the 2023 financial year

The Pierer Industrie Group, Stefan Pierer’s industrial group, increased its turnover by almost 10% in 2023 despite the challenging global environment, reaching a turnover value of € 3,596.7 million.

Pierer Industrie recorded increases in revenue in both the two-wheeler group (PIERER Mobility AG) and the automotive group (Pankl AG). The listed company PIERER Mobility AG increased its turnover by 9.2% to € 2,661.2 million in the 2023 financial year. Pankl AG also increased its turnover by 11.9% to € 936.2 million in the past year.

At € 437.3 million, the operating result before depreciation and amortisation (EBITDA) across the group was 9.4% below the previous year’s figure, with an operating result (EBIT) of € 208.0 million. The EBIT margin amounted to 5.8% and the EBITDA margin to 12.2%.


As at 31 December 2023, the Pierer Industrie Group employed a total of 11,040 people, of which 6,184 were employed in the PIERER Mobility Group and 4,373 in the Pankl AG Group. As at December 31, 2023, the group employed a total of 7,029 people in Austria. Around 1,800 employees, or 16% of the total workforce, work in research and development. In 2023, the proportion of female employees was 25.5%. As at the balance sheet date, there were around 480 apprentices undergoing training in more than 20 professions. The number of female apprentices has also grown steadily. This intensive apprenticeship training is a key backbone in the development of skilled labour.


In the 2023 financial year, € 359.7 million was invested in further growth (previous year: € 389.4 million). In addition to investments in property, plant and equipment totalling around € 126 million, around € 200 million was invested in product development, primarily in the two-wheeler sector. Around 79% of total investments were made in Austria.

Acquisition of the majority in MV Agusta S.p.A. in the two-wheeler group

An important milestone for the company was the acquisition of a majority stake in the Italian premium motorbike manufacturer MV Agusta S.p.A., in which KTM AG acquired a 25.1% stake already in November 2023. On March 15, 2024, KTM AG exercised the existing call option to acquire a majority stake in MV Agusta Motor S.p.A. ahead of schedule and increased its holding to 50.1%.

The annual financial report 2023 will be published on 30 April 2024 and can be downloaded from the company’s website www.piererindustrie.at at the following link https://www.piererindustrie.at/en/company/reports/

About the Pierer Industrie Group

The Pierer Industrie-Group is a leading European automotive group with a focus on the global powered-two-wheeler segment and the automotive high-tech component sector. The Group currently employs about 11,000 people worldwide with a current group turnover of € 3.6 billion.

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Contact Information:

Pierer Industrie AG
4600 Wels, Edisonstraße 1
Email: info@piererindustrie.at
Phone: +43 (0)7242 / 69402
Fax: +43 (0)7242 / 69402 / 109