All Dorel Sports articles
-
News briefsDorel Sports grows by 5.8% in the fourth quarter
Dorel Sports, which is now listed as a discontinued operation in the accounts of Dorel Industries following its recent $810 million sale to the Pon Group, saw its net profit improve by 21.8 percent to $2.29 million in the fourth quarter ended Dec. 30, according to its parent company, although ...
-
News briefsCEO of Dorel Sports resigns
According to several media reports, Peter Woods, president and CEO of Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.) since 2013, has resigned. Dutch Pon Holdings’ bicycle business Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) had announced the acquisition of Canadian Dorel Industries’ bicycle business ...
-
ArticlePon.Bike invests in third European production facility in Lithuania
While Dutch mobility company Pon Holdings B.V. is still maintaining a low profile, the Lithuanian investment promotion agency Invest Lithuania announced on Jan. 24 that Pon.Bike – the bicycle division of Pon – will open a new production facility in the 320-acre Free Economic Zone (FEZ) of Kėdainiai, 50 kilometers ...
-
ArticleDorel Sports Q3 revenues slip as supply-chain constraints bite
Dorel Industries said third-quarter revenue at its Dorel Sports segment fell slightly on supply-chain disruption and parts shortages, leading it to lower fourth-quarter expectations for the group as a whole. The company, which last month agreed to sell Dorel Sports to Pon Group for $810 million, said revenue at the ...
-
ArticlePon Holdings acquires Dorel Sports
The Dutch Pon Group and Canadian conglomerate Dorel Industries Inc. officially announced on Oct. 11 that Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) will acquire Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.). According to the two parties, this mammoth marriage will create “a leading ...
-
ArticleDorel posts ninth consecutive quarter of sales growth despite supply chain problems
Canadian conglomerate Dorel Industries Inc. continues to ride the wave of success, not only but mainly due to best results of its bicycle products-selling Sports Division and its Juvenile Division. In the second quarter of the current fiscal year 2021, the group increased its sales by 5.7 percent to $764.99 ...
-
ArticleGlobal bicycle stocks Q1 2021: The soaring continues
While most of the existing problems caused by the Corona crisis have yet to be resolved, the global stock market is relying on hopes — hopes for a bright post-Corona future. Instead of going into crisis mode, it is simply bypassing all the economic killers that are piling up. Supported by further stimulus packages and the open money floodgates of central banks, the stock market remains high. Our cycling stock chartists are ahead of the curve. They rely on another serious advantage: the bicycle and e-bike sales boom pushed by Corona led to excellent business figures last year. These were announced in the first quarter of this year. Some of the record results were a good impetus for the development of the share value in Q1 2021.
-
ArticleCycling demand boosts Dorel Sports
Dorel Sports , Dorel Industries ’ sports segment whose brands include Cannondale , Schwinn , GT , Mongoose , Caloi and IronHorse , saw its revenues increase by 13.8 percent year-on-year to $265.3 million in the fourth quarter, or by 15.9 percent in constant currencies. This marks the seventh ...
-
News briefs
Dorel Group terminates going-private transaction
Canadian Dorel Industries has terminated the going-private agreement between itself and an affiliate of funds managed by Cerberus Capital Management as buyer by mutual consent. As a result, the planned going-private transaction is a thing of the past. The agreement provided that the above-mentioned buyer would pay Dorel ...
