Jo Beckendorff
Jo Beckendorff is correspondent of Bike Europe, RadMarkt, co-founder of Eurobike Show Daily/ESD and Taipei Cycle Show Daily/TSD, amongst other things, and based in Munich, Germany. As a freelancer he concentrates on reporting for national and international bicycle, outdoor/sporting goods industry and retail magazines.
Contact info
- Email:
- jo@pooltown.eu
ArticleMips with good start into 2024 on the back of bike market recovery
For the first time, the slump in the bicycle market was no longer the main reason for the decline in sales in Mips’ Q1 2024 earnings report, as was previously the case. Not the subcategory “Bicycle,” but the subcategory “Snow” was the main driver of the 6 percent decline in ...
ArticleShimano value sales down double-digit in Q1
Even during the bicycle boom in the Covid years, the world’s leading bicycle component manufacturer Shimano Inc. repeatedly stepped on the brakes in its outlook for the time after the pandemic. At least the sales figures for the first quarter of 2024 show that the Japanese company was not so ...
ArticleDecathlon Germany expanding e-bike range with refurbisher Rebike
After sporting goods chain Decathlon Sportartikel GmbH & Co. KG (Decathlon Germany) recently announced that it would be adding the “hip (e-)city bikes” from Sushi Bikes maker Sushi Mobility GmbH to its portfolio, the bike-affine sporting goods giant is now also joining forces with the largest German e-bike refurbisher Rebike ...
ArticleQ1 2024: Bike industry stock market and real economy are two different things
Since the turn of the year, the global stock market has only known one direction: up. It has thus completely disconnected itself from the real economy. Here, you can find out whether our selected bicycle stocks have also been able to make strong gains in Q1 of 2024 despite all the adversities.
News briefsStromer launches Click&Collect sales on EU market
Following a pilot test in the US, Swiss S-pedelec pioneer MyStromer AG is now also launching its own online stores in the EU. The first virtual Stromer store will be launched in the Netherlands in the course of 2024. This will be followed by others in Germany, Belgium, Switzerland, France ...
ArticleBLS parent Brockhaus Technologies records further growth in 2023
German company Brockhaus Technologies AG closed the 2023 financial year with a 31 percent increase in turnover compared to the previous year to a total of €186.63 million. The subsidiary Bikeleasing-Service GmbH & Co. KG (BLS) also contributed to this excellent result. The publicly listed, Frankfurt-based company has held a ...
ArticleBig trouble looming between Youngone and Scott
Shortly before the Easter weekend, the Board of Directors of Scott Sports – with the full support of majority shareholder Youngone Corporation – issued a press release announcing the dismissal of long-serving CEO Beat Zaugg with immediate effect. Youngone presented the financial expert Juwon Kim as his interim successor. Kim ...
ArticleYamaha to start European e-bike drivetrain production in France
On March 26, Yamaha Motor Europe N.V. (YME) and Yamaha Motor Manufacturing Europe S.A.S (YMME) celebrated the inauguration of a completely new production line for e-bike drivetrains at their French plant in Saint Quentin.
News briefsFahrrad.de founder takes over key assets of insolvent Internetstores
In mid-January, insolvency administrator Dr. Christian Gerloff informed the creditors that several interested parties had made binding offers to take over the insolvent bicycle and outdoor e-commerce retailer Internetstores GmbH – not for the entire group but for individual assets.
ArticleBelgian Cycling Factory strengthens management with two industry veterans
Belgium’s largest bicycle manufacturer Belgian Cycling Factory (BCF) – the umbrella of the brands Ridley, Eddy Merckx Bikes (including their independent steel frame range Corsa) and the Bike Valley competence center – has hired two experienced industry experts. Eugene Fierkens was appointed as General Manager Strategy & Business, and Edward ...
ArticleBike24 reports high 2023 loss due to impairments, depreciation and amortization
After listed online retailer Bike24 Holding AG announced its first preliminary figures for FY 2023 at the end of February, the Dresden-based company has now presented its annual report with all the relevant details. This includes value adjustments and write-downs, which did not yet play a role, at least when ...
ArticleSlump in sales of bike helmets causes two-digit drop in Mips’ 2023 results
The Swedish supplier of safety technology for helmets, Mips AB, closed FY 2023 with a 37 percent decline in sales (39 percent adjusted for currency effects) compared to the previous year and achieved total sales of SEK 357 million (€31.20m). According to the company, the double-digit drop in sales is ...
ArticleAt Ideal Bike, the market slump was accompanied by two client bankruptcies
As we have already reported, the two Taiwanese industry leaders Giant Group and Merida had to contend with declining sales trends last year. Taiwan’s third-largest bike manufacturer, Ideal Bike Corporation, was hit even harder by some inherited loss-making issues.
News briefsMerida reports two-digit 2023 decline in sales and profit
Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd. achieved total sales of TWD 27.16 billion (€787.84 million) in FY2023. Compared to 2022, this is a decline of 26.4 percent.
News briefsBourrelier Group appoints Managing Director for Mavic
After working with Jean-Michel Bourrelier for more than five months, Alberto Morgando officially took over the position of Mavic Managing Director on Feb. 20. According to the two Bourrelier Group SA directors Yoann and Jean-Michel Bourrelier, the appointment “marks a continuation in the relaunch and transformation of Mavic, a symbol ...
ArticleMyStromer reports sustainable growth in 2023
Despite the major hurdles that the bicycle industry had to overcome last year – overstock, liquidity bottlenecks, etc. – bicycle supplier MyStromer AG was able to score points. Without disclosing detailed sales figures, the Swiss manufacturer of the Stromer and Desiknio brands closed FY2023 with consolidated sales growth of 10 ...
ArticleMyStromer moves Desiknio Bikes production to Poland
This year, Desiknio Bikes, the Spanish sister brand of S-pedelec brand Stromer under the roof of Swiss MyStromer AG, is taking off with a new production partner. Since January, all Desiknio models have been painted and assembled by the Polish manufacturer Kross S.A. in Przasnysz, 110 kilometers north of Warsaw. ...
ArticleFox Factory’s SSG sales drop weighs on the overall result for FY23
While Fox Factory’s former Powered Vehicle Division (split in Q2 2023 into the Powered Vehicle Group (PVG) and Aftermarket Applications Group (AAG)) scored with sales growth, the Specialty Sports Group (SSG), which operates the bicycle product brands Easton Cycling, Fox Suspension, Marzocchi and Race Face, ended up with a two-digit ...
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 ...
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 ...
