All Bike & eBike articles – Page 4
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ArticleShimano forecasts further sales erosion after difficult FY23
Citing soaring raw material prices, possible further disruptions to global supply chains, and persistent economic worries around the world, the Japanese Shimano group is forecasting a 36.6 percent drop in year-over-year operating income in FY24 to ¥53,000 million (€329.4m) on an 11.5 percent decline in consolidated sales to ¥420,000 million ...
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ArticleThule Group coped not too badly with challenging FY
Swedish Thule Group AB ended the challenging financial year with a year-on-year decline in sales of 9.9 percent to total sales of 9.13 billion Swedish kronor (€804.71 million), an operating result of SEK 1.51 billion (€133.08m, -11.8 percent) and a net profit decline of 13.8 percent to SEK 1.10 billion ...
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ArticleMips with poor 2023, but bike helmet orders are growing
2023 was a challenging year for helmet safety technology provider Mips AB, mainly due to the bicycle helmet category, which was affected by high inventory levels and a drop in demand. The only ray of hope: incoming orders for this very category picked back up for the first time in ...
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ArticleGoPro counts on some wins despite Q4 and FY losses
GoPro is increasing its retail presence and product range while ramping up its brand exposure at global sporting events, despite reporting Q4 and FY23 operating losses and declines in revenues. Ten months since launching a multi-year growth strategy, the group says it can count on some wins despite the reported ...
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ArticleUSWE fails to meet Q3 target, strategic focus on North American distribution channels
USWE Sports AB, the Swedish parent company of USWE, Void Cycling and Giant Loop, reported a positive Ebitda in the last two quarters but missed this target in the third quarter (October-December) with an Ebitda of -1.4 million Swedish kroner (€-123,908). For the first nine months of the financial year ...
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ArticleCake files for insolvency, administrator seeks buyer for business operations
What several Swedish media outlets have already reported has just been confirmed by both the appointed insolvency administrator and on the website of the Swedish manufacturer of electric motorcycles itself: On Feb. 1, Cake 0 Emission AB had to file for insolvency. Lawyer Jakob Callmander from the Stockholm-based law firm ...
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ArticleCIE CEO Kevin Mayne to retire later this year
Kevin Mayne, founding CEO and not only “the voice” of the Brussels-based trade and industry association Cycling Industries Europe (CIE), but here and there also of the entire bicycle industry, has announced his retirement this year. Mayne is considered one of the most visible political figures in the cycling industry. ...
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ArticleRevelyst provides ‘GEAR Up’ transformation update, closes offices and consolidates teams
Revelyst, the segment of Vista Outdoor Inc. that will become a stand-alone public company later this year, announced an update on its “GEAR Up” transformation initiative (the title refers to the future ticker name “GEAR” of Revelyst on the New York Stock Exchange). As part of the spin-off process, Revelyst ...
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ArticleBelgian-German partnership for large-scale production of thermoplastic carbon bicycle frames
The young Belgian carbon frame expert REIN4CED N.V. has announced a closer strategic partnership with the German mechanical and plant engineering expert Dieffenbacher GmbH Maschinen- und Anlagenbau to accelerate the large-scale production of thermoplastic carbon bicycle frames. The partnership aims to deepen the integration of product and machinery development. This ...
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ArticleAccell Group relocates production and cuts jobs
After announcing the relocation of the production of the German Accell brand Ghost in Waldsassen to the Accell production sites Accell Hunland Kft. in Hungary and Accell Bisiklet Sanayi ve Ticaret A.S. in Turkey late last year, the Accell Group is now planning further measures to streamline the operating model ...
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ArticleBrose E-Bike with two new service partners in five markets
Brose Antriebstechnik GmbH & Co. KG, which now has its e-bike systems used by over 30 bicycle manufacturers worldwide, is expanding its global service network step by step. The Berlin-based company is announcing two new partners at the start of 2024, who will now also ensure the smooth handling of ...
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ArticleCautious mood at Pierer Mobility despite record revenue and unit sales in 2023
After Austrian two-wheeler giant Pierer Mobility AG presented its first preliminary business figures for 2023 earlier this month, the company announced additional details on Jan. 29. The public company achieved both a record turnover of €2.661 billion (+9%) and record sales (381,555 motorcycles = +2% and 157,358 bicycles including e-bikes ...
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News briefsCake opens showroom in Prague
Cake, the Swedish manufacturer of electric motorcycles, announced the extension of its global distribution network, with the Czech Republic emerging as one of the first European countries to join the significant export expansion. This development is a part of Cake’s strategic initiative to enhance its global presence and bring electric ...
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News briefsInternetstores at risk
The website Exciting Commerce reported that no investor has been found for Internetstores GmbH, a former subsidiary of the online sporting goods retailer Signa Sports United (SSU), which is also insolvent. Internetstores includes more than 32 web stores for bicycles, bicycle accessories, sporting and outdoor products, including Addnature, Bikester, Brügelmann, ...
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News briefsTNT Cycles hires experienced manager for Megamo
At the turn of the year, Megamo manufacturer TNT Cycles SL, based in Vilablareix (near Girona, Spain), appointed a new Managing Director for its up-and-coming bicycle brand. According to the company, the appointment of Florentino “Tino” González as the new Managing Director of Megamo is “an important appointment for the ...
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ArticleGiant Manufacturing shifts up in Global 100 Index 2024
This year, more sustainable companies from the Asia-Pacific region are listed in the ranking of the Global 100 Index by Corporate Knights than ever before. Also included is Taiwan’s leading bicycle producer Giant Manufacturing.
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ArticleGerman bicycle tire supplier relocates production to Vietnam
Schwalbe manufacturer Ralf Bohle GmbH is strategically realigning its production: All bicycle tires and inner tubes will be produced exclusively in Vietnam in the future. Only mold making, mixing operations, R&D and administration will remain at the long-standing Schwalbe production site in Indonesia. The move is justified by the development ...
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Data & Analysis2023 Bicycle Industry Stock Chart: Bet on interest rate cut boosts year-end rally
Here you can find out why the global bicycle stock market performed better than expected last year and what the role of the selected stocks in our OIC Bicycle Stock played.
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News briefsRudy Project and Team Bahrain Victorious collaborate until 2026
Source: Rudy Project Rudy Project x Team Bahrain Victorious Rudy Project, founded in 1985 in Treviso, Italy, has announced the renewal of its collaboration with the Bahrain Victorious cycling team as the official helmet and eyewear partner until 2026. The Treviso-based brand has been continuously supporting the ...
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News briefsSimplon expands presence in Switzerland
Austrian bicycle manufacturer Simplon is focusing more on Switzerland in 2024, thereby emphasizing the importance of the Swiss market. The aim is to position the product portfolio even more comprehensively in the country and improve customer service. With this in mind, the company has enlisted Sideshore AG, based in Wolfhausen ...
