Dahon reports steady growth - BikeBiz

Dahon reports steady growth

27 per cent increase in revenues in first six months (YOY)
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Dahon has announced what it describes as 'steady' growth for the first six months of 2009.

The folding bike manufacturer posted a six per cent increase in volume and 27 per cent increase in revenues.

“Sales for the first half of 2009 went remarkably well considering the global economic environment,” stated Dr. David Hon, Dahon president and CEO. “Despite the worldwide economic downturn, our sales remained stable as more people turned to cycling for transport. In the last few years, cycling has gained a lot of traction as a consumer lifestyle choice for transport in big cities and we expect this trend to continue.”

Dahon sold 254,000 folding bicycles in the first half of 2009 compared with 239,000 units during the same period in 2008.

The 27 per cent increase in revenues is said to be driven by an increase in the average selling price of Dahon product as more people opted to invest in higher quality models for their commuting needs.

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