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.

  • Giant Group Logo

    Giant Group reports another sales record in Q1


    For the first quarter of fiscal 2022, Taiwan’s leading bicycle manufacturer Giant Manufacturing Company Limited (Giant Group) reported a new historical quarterly record. E-bikes accounted for 26 percent of group sales.

  • USWE-Logo Kopie
    News briefs

    USWE Sports delays quarterly report due to Covid-related inventory postponement


    Sweden-based USWE Sports AB, listed on the Stockholm-based Nasdaq First North Growth Market since last June, has delayed the release of its Q4 21/22 report (January to March 2022). Previously, the company had announced a May 12 publication date, postponed by the company at short notice, without providing an alternative ...

  • Leatt

    Seventh consecutive quarterly sales record for Leatt


    Leatt Corporation continues to ride on a profitable high. The Q1 2022 results are not only the seventh consecutive quarterly revenue record but also the 16th straight quarter of steady growth. The South African company, listed on the U.S. stock exchange via the over-the-counter (OTC) market, posted total sales of ...

  • Bike24 Logo

    Bike24 reports solid Q1 sales and earnings in a difficult environment


    German online cycling, running and swimming sports retailer Bike24 Holding AG increased its sales in the first quarter of 2022 “in a challenging environment and driven by consistent execution of its European expansion strategy” by a solid 7.3 percent to a total of 61.79 million euros. According to the company, ...

  • Fox Factory Specialty Sports Group (SSG)

    Fox Factory forecasts overheated bike product sales “back to normal” in winter 2022


    In its first sales quarter of the current fiscal year 2022, suspension specialist Fox Factory Holding Corp reported a 35.6 percent increase in its earned revenue of $377.98 million compared to the previous year’s first quarter. Net income of $48.05 million also increased by a double-digit 26.5 percent.

  • Armin Landgraf, Specialized
    News briefs

    Specialized appoints Armin Landgraf as chief of worldwide markets


    Following the hiring of former Dyson COO Scott Maguire in March and presenting him as his successor as CEO, Specialized Bicycle Components Inc. founder Mike Sinyard (now „chief rider advocate“) has hired industry expert Armin Landgraf as chief of worldwide markets. Landgraf will report directly to Maguire. A native of ...

  • Vittoria Park 4

    Vittoria Group builds bike park and innovation center in Italy


    Italian bicycle tire giant Vittoria Group has begun construction of what it describes as “the world’s first all-discipline cycling experience, innovation center and knowledge hub for bicycle tire development.” Vittoria Park will be built around the company’s headquarters near Milan. It will also house an impressive testing area open to ...

  • MIPS_logo

    Mips reports outstanding start into 2022


    In the first quarter of fiscal 2022, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB reported preliminary net sales of SEK 137 million (€13.22 million), an increase of 65.1 percent year-on-year. Organic growth amounted to 48 percent during the quarter. It is mainly based on the success ...

  • Austria on Bike
    News briefs

    VSSÖ and Arge Fahrrad launch B2B event Austria on Bike


    This year will mark the debut of a new B2B bicycle event in Austria. “Austria on Bike” is organized by the Association of Sporting Goods Manufacturers and Sports Equipment Suppliers of Austria (VSSÖ) in cooperation with Arge Fahrrad, the voice of the national bicycle industry under the umbrella of the ...

  • Kettler Werk Animation
    News briefs

    New Kettler Alu-Rad e-bike factory to start production soon


    After less than two years of construction, German bicycle manufacturer Kettler Alu-Rad GmbH announced the imminent start of production at the “probably most modern production facility for e-bikes in Europe.” The factory is located in the German state of Saarland. It complements the venerable Kettler Fahrradfabrik plant nearby. There is ...

  • TVS Motor

    TVS Motor Group acquires majority stake in another European e-bike company


    The acquisition of an 80 percent majority stake in Swiss e-bike brand Ego Movement last year was followed by a 75 percent majority stake in Swiss E-Mobility Group (SEMG, the parent company of domestic e-bike retail chain M-Way, among others) in February 2022. Now, Indian two-wheeler and utility vehicle manufacturer ...

  • SRAM Logo

    Restructuring of SRAM’s European OE sales team


    After seven successful years as director of OE sales Europe at bicycle component manufacturer SRAM Group (brands Avid, Hammerhead, Quarq, Rockshox, SRAM, Time Sport, Truvativ, Zipp), Uwe Reichelt is entering his well-deserved retirement. The German company has already used the last few months to reorganize and expand the European OE ...

  • China Cycle
    News briefs

    China Cycle 2022 postponed due to the spread of Omicron variant


    In light of the Omicron wave currently sweeping China, particularly the greater Shenzhen and Shanghai areas, the cancellation of the 31st China Cycle International Bicycle Exhibition, scheduled to take place May 6-9 at the Shanghai New International Expo Centre (SNIEC), doesn’t seem like a big surprise.

  • 12437_4891_istock1033960094_bike2_832590

    Bicycle shares Q1 2022: Geopolitical situation puts pressure on the market


    While global lockdowns, virus variants, inflation, zero interest rates, supply shortages or political crises could not harm last year’s upward trend in bicycle stocks, Russia’s attack on Ukraine has changed everything. The war is intensifying the surge in prices. Fears of supply shortages of gas and oil and other commodities ...

  • Bike24 Logo

    Top results for Bike24, yet disappointing for investors?


    The German cycling, running and swimming sports online retailer Bike24 Holding AG, which has only been traded on the stock exchange since June last year, has just presented its 2021 annual report. According to the report, the Dresden-based company generated total sales of €250.16 million – a remarkable double-digit increase ...

  • Shimano Nunspeet

    Shimano Europe intends to outsource warehouse activities


    Shimano Europe B.V., based in Eindhoven, Netherlands, intends to completely outsource its warehousing activities. The proposal has been submitted to the works council for consultation. The outsourcing could result in losing up to 45 jobs at the warehouse in Nunspeet (Netherlands). A social plan will be drawn up for the ...

  • Pierer Mobility

    Pierer Mobility’s annual report confirms record growth


    After the Pierer Mobility Group had already announced its first preliminary figures for fiscal 2021 and raised its sales forecast in January, the publicly listed Austrian company has now presented its final annual report, which confirms the group’s record growth in both sales and earnings. Despite the challenging situation in ...

  • Giant Group Logo

    Giant Group achieves another annual record despite two-digit profit drop in Q4


    Taiwan’s leading bicycle producer Giant Group has achieved a second consecutive sales and profit record. Year on year, 2021 sales rose another 17 percent to 81.8 billion Taiwan dollars (€2.59 billion). Net profit after tax rose 19.8 percent to a record TWD 5.93 billion (€197.94 million). This positive result is ...

  • Troy Lee Designs
    News briefs

    French 2Ride Group acquires Troy Lee Designs


    In mid-March, French motorcycle, mountain bike and ski protection equipment supplier 2Ride Group acquired California-based motorcycle and mountain bike outfitter Troy Lee Designs from the U.S. investment firm SBJ Capital. Both parties have agreed not to disclose any financial details.

  • MIPS
    News briefs

    Mips’ China production restarts after brief lockdown


    Due to the recent Omicron wave in China, the Swedish Brain Protection System (BPS) manufacturer Mips AB has further updated the current situation in areas where the supplier and several of its (helmet) customers have manufacturing operations.

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