All articles by Jo Beckendorff – Page 16
-
ArticleMips 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 ...
-
News briefsVSSÖ 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 ...
-
News briefsNew 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 ...
-
ArticleTVS 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 ...
-
ArticleRestructuring 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 ...
-
News briefsChina 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. “Dear friends, due to ...
-
ArticleBicycle 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 ...
-
ArticleTop 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 ...
-
ArticleShimano 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 ...
-
ArticlePierer 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 ...
-
ArticleGiant 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 ...
-
News briefsFrench 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. French investment company Eurazeo had been behind 2Ride Group since ...
-
News briefsMips’ 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. In a communication dated March 16, the helmet technology supplier had indicated that ...
-
ArticleWorst Covid-19 outbreak in China since Wuhan threatens supply chains
Even before the initial problems caused by the pandemic could be solved, the war in Ukraine created new ones. And now, despite all precautions, the Omicron BA mutant of Covid-19 is spreading rapidly in China. The epicenter of infection was the northeastern province of Jilin, on the ...
-
News briefsFormer Dyson COO is Specialized Bicycles’ new CEO
Source: Specialized Scott Maguire, Specialized’s new CEO California-based mountain bike brand Specialized Bicycle Components Inc. has appointed industry newcomer Scott Maguire as the company’s new CEO. Forty-eight years after he started the company, founder and CEO Mike Sinyard is calling himself “chief rider advocate.“ As a visionary ...
-
News briefsCanyon Bicycles hires Ben Hillsdon as new global communications manager
Source: Canyon Bicycles Ben Hillsdon German DTC bicycle supplier Canyon Bicycles GmbH has hired Ben Hillsdon as its new global communications manager. He will be based out of a new Canyon location in Amsterdam. Hillsdon brings more than ten years of experience in public and private sector ...
-
News briefsPirelli begins production of “Made in Italy” bicycle tires on industrial scale
The venerable, renovated Pirelli plant in Bollate, near Milan, has begun producing bicycle tires. The first domestically produced P Zero road bike tires will be delivered and marketed in March of this year. With the start of bicycle tire production, the Pirelli plant is now “the only factory that produces ...
-
ArticleLeatt ends 2021 with record sales and record profits
It’s not by coincidence that the South African provider of protective gear and accessory products, Leatt Corp., which trades over-the-counter in the U.S., was by far the biggest performer on the 2021 OIC bicycle stock list. Leatt shares were up a whopping 312.2 percent on Jan. 1, 2022 (compared to ...
-
News briefsUWHK opens European headquarters primarily for its IBD brands
To boost the expansion of its independent bicycle dealer brands Niner Bikes and Vaast Bikes in Europe, United Wheels Hong Kong Ltd. (UWHK) has appointed Duncan McCann as IBD sales manager. At the same time, European headquarters for the two brands were opened in Ampthill (a small town in Bedfordshire, ...
-
ArticleBetter pricing cushions Accell's volume sales decline
Could these be the last public business figures released by still-listed bicycle manufacturer Accell Group N.V.? As previously reported, a private equity firm backed by U.S.-based Kohlberg Kravis Roberts & Co. Inc. (KKR) has made an offer to acquire all of the issued and outstanding common shares of Europe’s leading ...
