Austria · Delayed Price · Currency is EUR Bajaj Mobility AG Earnings Call Transcripts
Fiscal Year 2026
-
Austrian Select Conference highlighted a major turnaround, with a new CEO leading a successful restructuring, divestment from non-core businesses, and significant cost and inventory reductions. The company returned to growth, improved cash flow, and will now report quarterly.
Fiscal Year 2025
-
2025 saw a major turnaround with a streamlined focus on premium motorcycles, a €1.2B restructuring gain, and Bajaj Auto's majority stake stabilizing operations. Inventory and debt were sharply reduced, with profitability and free cash flow targeted for 2026.
-
H1 2025 saw €425 million in revenue and a €1.2 billion restructuring gain, with major divestments and a focus on core motorcycle brands. Inventory and debt were significantly reduced, and the company expects to remain cash positive in 2026 while targeting a return to historic profitability.
Fiscal Year 2024
-
First half 2024 saw negative results due to weak demand, high costs, and inventory overhang, especially in the bicycle segment. Aggressive restructuring, cost-cutting, and inventory reduction are underway, with a better second half expected and net debt targeted to fall below EUR 1 billion in 2025.
-
Sales in both motorcycle and bicycle segments are forecast to decline 10%-15% amid global market volatility, high interest rates, and supply chain challenges. Cost-cutting, workforce reductions, and a strategic shift to premium brands are underway, with inventory destocking expected to last into 2025.