All MIPS articles
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ArticleMips reports strong Q1 despite global uncertainties
The Swedish helmet safety innovator posts double-digit Q1 growth as demand rises across helmet segments, navigating tariffs and market shifts with confidence.
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ArticleMips reports strong growth and sustainability gains in 2024
The helmet safety innovator released its 2024 Annual & Sustainability Report, revealing a standout year in both profit and environmental progress.
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News briefsSweet Protection launches new line of full-face MTB helmets
The Norwegian brand debuts its new full-face MTB helmet range for 2025, co-developed with pro rider Emil Johansson.
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ArticleMips reports robust Q4 and FY2024 growth, adjusts long-term sales target
The Swedish helmet safety innovator posts record profits in Q4 2024 and updates long-term sales targets, reflecting market recovery and growth.
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Article2024 Bicycle Industry Stock Chart: Mobility industry sees little of stock market boom
Find out why only a third of the publicly listed companies in our bicycle industry chart benefited from last year’s boom – and why almost two-thirds were left untouched by it.
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News briefsNew POC helmet with optional Mesh communication technology
The innovative helmet produced in partnership with Harman Kardon offers hands-free group communication and safety features.
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News briefsScott joins list of Recco’s brand partners
The new partnership integrates advanced safety technology into Scott ski helmets, enhancing rescue efficiency and skier safety.
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News briefsMips posts strong Q3 despite challenging environment
The ingredient brand reports record helmet sales and a 220% profit increase in Q3, driven by strong growth in North America and the Sport segment.
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ArticleMips sales bounce back to double-digit growth
In the second quarter of 2024, Mips AB generated net sales of 133 million Swedish kroner (€11.54m). According to the company, the sales growth of 30.4 percent compared to Q2 2023 can primarily be attributed to a normalizing inventory situation in the sports category.
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News briefsMips almost universally adopted by World Tour teams
Swedish helmet safety technology provider Mips AB announced that its technology is being widely adopted by World Tour cycling teams. In 2024, 87 percent of women’s teams and 83 percent of men’s teams have opted for helmets with the Mips safety system, representing a clear commitment to athlete safety. “This ...
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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 ...
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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 ...
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ArticleMips: Gloomy year due to high inventory levels
Both weak demand and high inventory levels in the bicycle helmet category, which is also served by helmet safety technology provider Mips AB, led to another whopping 31.9 percent drop in sales in Q3 of FY23 compared to the same quarter in 2022. However, the situation gradually improved during the ...
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ArticleQ3 Bicycle Industry Stock Chart: Bike manufacturers had to cut back
Even though the long-term prospects of the bicycle sector are looking promising, it is currently operating in difficult terrain. This is also reflected by The Outdoor Industry Compass’ Q3 analysis of the bicycle industry stock market.
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News briefsMips launches Virtual Test Lab, reduces environmental impact, lead time and costs
Swedish helmet safety specialist Mips is advancing helmet testing with its Virtual Test Lab (VTL). The innovation uses cutting-edge computer science with the goal of virtually predicting how new helmets will perform in real-world impacts, providing insights faster and more efficiently than physical testing. This method has the potential to ...
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ArticleMips acquires 25% in US sensor tech firm
Swedish helmet safety specialist Mips AB has entered into an agreement to acquire 25 percent of Dallas, Texas-based sensor technology company Quintessential Design, Inc (Quin Design) for $7.3 million. Quin is an ingredient brand for event detection technology and has been providing specialized sensor fusion and software for helmet brands ...
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News briefsMips comments on the fine imposed by Nasdaq Stockholm
On July 21, the Swedish helmet technology manufacturer Mips AB, which has been traded on the Stockholm Stock Exchange since 2017 and moved from the mid-cap to the large-cap segment in early 2022, was fined two annual fees totaling SEK 1.7 million (€147,178) by Nasdaq Stockholm’s Disciplinary Committee. Said committee ...
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ArticleMips gives positive outlook despite notable sales decline in Q2
Bad and good news can be seen in the preliminary Q2 figures and thus the half-year figures of the “Brain Protection System” (BPS) manufacturer Mips AB: As expected, there is a slump in sales due to the ongoing weakness in demand in the bicycle sector, which is struggling with full ...
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ArticleQ2 Bicycle Industry Stock Chart: Long-term outlook forecasts full recovery
In the current economic environment, the stock market – regardless of the sector – continues to be on a rollercoaster ride. This also applies to the bicycle stocks monitored by The Outdoor Industry Compass.
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ArticleMips’ weak bicycle business impacts overall result in Q1 2023
In the first sales quarter of 2023, the slump in the bicycle business, which was already noticeable last year, and the associated high inventory levels at retail continued noticeably for “Brain Protection System” (BPS) manufacturer Mips AB. This ultimately resulted in net sales of SEK 88 million (€7.7m). In the ...
