Bike & eBike – Page 39
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ArticlePierer reports strong H1 sales and revenue, PTWs offset bicycle sales
Pierer Mobility AG achieved record sales of EUR 1.39 million in the first six months of the year (+20.2 percent compared to the first half of the prior year). This result is mainly due to the excellent development of the PTW (Power Two-Wheelers = motorcycles and e-bikes) business. Group-wide, around ...
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News briefsFirst MADE Bicycle Show in Portland a success
The first MADE Bicycle Show, an exhibition of handmade bicycles and community involvement, was held Aug. 24-27 in Portland, Oregon, with resounding success. The event featured two trade visitor days followed by three consumer days. When the gates closed, MADE was recognized as the largest handmade bicycle event in the ...
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News briefsMaker of custom bike brand Müsing insolvent in self-administration
The German manufacturer of custom bike brand Müsing, Radsportvertrieb Ditmar Bayer GmbH, is in financial difficulties due to a severe drop in sales caused by the challenging times. On Aug. 23, the district court in Montabaur, Germany, officially confirmed the company’s insolvency in self-administration. During the reorganization procedure, business operations ...
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News briefsDeuter continues to support German MTB podcast TYFR
For the second year in a row, Deuter supports the German-language podcast ”Thank you for Riding” (TYFR), which tells stories about mountain biking. The podcast is published monthly and has been in existence since 2021. The voice of the podcast is Rainer Frömmel. Frömmel is also the host of the ...
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News briefsBrompton starts partnership with Komoot, Bear Grylls
Source: Brompton Brompton x Bear Grylls Brompton, the UK’s largest bike manufacturer, is partnering with navigation and activity planning app Komoot. This partnership is across Europe and coincides with the previously announced launch of the Brompton x Bear Grylls Collection. The bike, which will be available in ...
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News briefsYamaha Bicycles launches new U.S. e-commerce platform
Yamaha Bicycles is celebrating 30 years as a pioneer in e-bikes by announcing the launch of an all-new e-commerce platform in partnership with its large network of dealers in the USA. Effective immediately, e-bike enthusiasts in the U.S. can purchase their new Yamaha Power Assist Bicycle online at yamaha-motor.com and ...
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News briefsRevolutionRace opens up in three new markets
RevolutionRace is expanding its international presence by opening up for customers in three new markets: Canada, South Korea, and Japan. RevolutionRace will now be available in approximately 40 countries. “We are very excited to continue our journey of growth by opening up for customers in three new exciting markets. We ...
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ArticleR&M switches to reusable packaging for e-bikes and small parts
German e- and cargo-bike manufacturer Riese & Müller GmbH (R&M) has announced it is soon to be one of the first manufacturers in the bike industry to use reusable packaging for shipping e-bikes and small parts.
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ArticleLeatt’s 2023 numbers make 2022 look like a dream
Leatt Corporation swallowed another double-digit 31.2 percent preliminary revenue decline down to US$12.35 million (€11.27 million) in the second quarter of its current fiscal 2023. But there may be some good news on the horizon for the protective equipment maker.
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ArticleMerida H1 sales and profit down
In the first half of 2023, Taiwan’s second largest bicycle producer Merida Industry Co, Ltd. posted a single-digit sales drop and a double-digit profit drop, mirroring that of its compatriot and leading bicycle producer, Giant Manufacturing Ltd.
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ArticleDespite positive signs, Bike24 posts further losses due to high future investments
In the second sales quarter of 2023, German e-commerce bicycle retailer Bike24 Holding AG brought in revenues of €62.9 million, down 6.1 percent compared to the same period in 2022. But there are some positives on the horizon, with the measures introduced to increase profitability beginning to show effects.
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ArticleGiant Group H1 down in the west but up in China
In the first half of 2023, Taiwan’s bicycle producer Giant Group reached consolidated overall sales of NT$42.58 billion (€1.22 billion). A 5.4 percent drop compared to the first six months of last year, but one region showed a strong sales performance.
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News briefsAmerican gear and accessories brand latest to join EOG
US-based outdoor gear and accessories brand Nemo has joined the European Outdoor Group (EOG). According to the brand, the partnership aligns with Nemo’s goal of reducing negative environmental impacts and leveraging education and partnerships to further its mission of making adventure possible anywhere, for anyone, forever. “As Nemo continues to ...
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News briefsWFSGI postpones World Cycling Forum 2023
In a post on the event website, the WFSGI has announced it is postponing the World Cycling Forum 2023. The decision comes after “discussion with senior leaders of the industry and seeing the ongoing economic challenges within the bicycle industry,” with the WFSGI adding: “Our first priority is to listen ...
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News briefsUCI launches online platform enabling cycling’s stakeholders to measure their environmental impact
The Union Cycliste Internationale (UCI) has launched a platform that enables cycling’s stakeholders to measure their impact. The new “UCI Sustainability Impact Tracker” has been developed in collaboration with Global Climate Initiatives (GCI) and 261PI. This innovative tool will be proposed to all cycling stakeholders, including national federations, UCI teams, ...
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ArticleFox Factory’s PVG & AAG sales increase offsets SSG sales decline
The bad news first: Suspension expert Fox Factory Holding Corp.’s (Easton Cycling, Fox, Marzocchi and Race Face brands) cycling business, grouped under Specialty Sports Group (SSG), slumped again in the second sales quarter of current FY 2023. The good news is that sales increases at its sister group Powered Vehicle ...
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ArticleInterest income and currency gains drive net profit in Garmin's Q2
Boosted by more than $29.6 million in interest income and gains on foreign currency, Garmin posted 11.7 percent net income growth to $287.9 million from $257.9 million. Without the two gains, the group’s profit would have been essentially flat for the period ended July 1. Second quarter operating income fell ...
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ArticleUSWE defies the challenges in Q1
USWE Sports AB, the parent company of USWE, Void Cycling and Giant Loop, has published its interim report for the first quarter ended June 30, 2023, showing growth and profit despite the difficult business environment. Net sales totaled 26.5 million Swedish kronor; an increase of 40 percent compared to the ...
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News briefsPro Days grows, moves to Toulouse
Pro Days, the professional bike trade show in Paris, attracted 6,700 visits this year, 1,000 more than last year. The latest edition of the show was held on July 2-4, 2023, at Paris Porte de Versailles. The next edition will leave the capital city for Toulouse, in France’s southern Occitanie ...
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ArticleCiclo Fapril expands cargo bike frame production
To be at the forefront of the current cargo bike trend, the traditional Portuguese bicycle component manufacturer Ciclo Fapril, Industrias Metalurgicas, S.A., is expanding its production facility. The new space is expected to be completed in April 2024 and fully operational within a year. The manufacturer will start the production ...
