Shimano's cycle component sales grew 10 percent in 2002 - BikeBiz

Shimano's cycle component sales grew 10 percent in 2002

But Shimano expects little growth in 2003. Click within for the headline figures, and an Excel file containing Shimano's financial results, including a projection for the rest of this year.
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Shimano Group turnover in bicycle components for 2002 totalled €756.3m compared to €686m the year before.

Bicycle-related sales accounted for 70 percent of Shimano's total turnover of €1078m. Shimano also makes fishing reels and rods; golf clubs; snowboard boots and bindings; and car engine components.

Shimano's ordinary profit increased by nearly 50 percent to €150m with after-tax profit increasing 43 percent to €64.5m.

As can be seen from the Excel file available from the link below, Shimano's projected sales for 2003 show that the Japanese manufacturer expects a less than 2 percent growth in bicycle related sales.

http://www.bikebiz.co.uk/.../Financial-Report-year-2002.xls

For a Feb 15th interview with Kozo Shimano - which includes news on the DuraAce group for 2004 and background info on Shimano's auto and fishing interests - go to:

http://www.lancearmstrong.com/.../kshimano

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