With the end of April just behind us, we're deep in the midst of quarterly/annual report season from all your favorite OEMs. The way that KTM parent company Pierer Mobility's reporting calendar works, it would usually have assembled its FY2024 annual report and released it by the end of April. But this year, that's not the case.
Why? For 2025, Pierer says that it's postponing publication of the report as it finalizes financing and restructuring plans. As of April 28, 2025, those details have not yet been satisfactorily concluded. As to why this has a bearing on the FY2024 report, I'll quote Pierer's official explanation here.
The positive conclusion of the investor process is, among other things, a prerequisite for the reorganization of KTM AG and thus for the continued existence of the Group. The main outstanding accounting issue is the confirmation of the going concern assumption. [Emphasis mine.]
The binding financing commitments of the investors from this process are a prerequisite for accounting at going concern values and the corresponding confirmation of the annual financial report. If the investor process fails, which the Executive Board does not currently expect, the company would have to recognize liquidation values in the absence of a positive going concern forecast and prepare a new annual financial report for 2024.
