Home / Business / Shimano sales rocket 11 per cent
2008 financials reveal upsurge for manufacturer

Shimano sales rocket 11 per cent

Shimano has reported $2.59 billion in net sales for 2008 – marking a 11 per cent rise in sales.

According to Bicycle Retailer, net income for 2008 reached $277 million (25.15 billion yen), an impressive increase of 26.4 per cent over 2007’s figure.

Meanwhile, bicycle component sales reached $2.04 billion, or 185.99 billion yen, beating 2007 by $1.73 billion.

However, Shimano is predicting a downturn in 2009 figures, with a projection that net sales will fall 12.8 per cent, with net sales expected to drop to 205 billion yen in 2009.

Thanks to DougReport.com.

In other news...

UK sports energy brand VOOM now available in the Netherlands and Norway

UK-based sports energy brand VOOM has expanded into the Netherlands and Norway. Freelap NL was …