Austria · Delayed Price · Currency is EUR Bajaj Mobility AG Earnings Call Transcripts
Fiscal Year 2026
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Revenue surged 70% year-over-year in Q1 2026, driven by a refocus on motorcycles and strong cost controls. Positive EBITDA was achieved, with further margin and cost improvements expected as restructuring continues.
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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
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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.
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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
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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.
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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.