Tag Archives: Dorel

Dorel Industries has reported its fourth quarter and 2021 year-end results, with Dorel Sports seeing fourth quarter revenue increase to $280.7 million, an increase of $15.3 million, or 5.8%, from last year. Full year revenue was $1.2 billion, up $127.2 million or 12.2% from last year. Fourth quarter operating profit …

Peter Woods has stepped down as president and CEO of Dorel Sports, Bicycle Retailer & Industry News has reported. The decision was mutually agreed on, according to a Pon Holdings release, and Woods will continue working for Pon.Bike as a special advisor until the end of the year. In this …

Dorel Industries has completed the previously-announced sale of Dorel Sports, its bicycle segment, to Dutch mobility group Pon Holdings for $810 million, representing approximately CAD $1.03 billion. At closing, Dorel said it received net proceeds from the sale of approximately $735 million, which it will use for payment of a …

Dorel Industries has entered into a definitive agreement to sell Dorel Sports to Pon Holdings for $810 million in cash. Dorel said it expects to use the net proceeds from the sale of approximately $735 million (subject to closing adjustments) to reduce indebtedness, return capital to shareholders and for general …

Dorel Sports has delivered its eighth consecutive quarter of revenue growth, with first-quarter revenue increasing to $270.3 million – an increase of $82.1 million or 43.6% from $188.2 million last year. The demand for bicycles continued ‘unabated’, said the company, as people continue to choose cycling for physical activity and …

Dorel Sports has seen its sixth consecutive quarter of revenue growth, with third-quarter revenue at $305.6 million, an increase of 22.1%. The continuing record demand for bicycles throughout the summer drove another quarter of ‘substantial’ growth at the Cycling Sports Group (CSG) and Pacific Cycle divisions. Caloi’s revenue increased in …

Dorel Sports has appointed Nikki Hawyes as the new country leader for the Cycling Sports Group (CSG) UK and Pacific Cycle UK businesses. Hawyes has joined Dorel Sports from ZyroFisher, where she has been since 2009, most recently as director of brands across the UK, Ireland and France. She oversaw …

Dorel Sports has reported its fifth consecutive quarter of growth, with revenue at $285.6 million – up 18.5% from last year. Excluding the impact of varying foreign exchange rates, organic revenue improved by approximately 21.1%. The strong performance was at the Cycling Sports Group (CSG) and Pacific Cycle divisions, Dorel …

Dorel Sports has reported its fourth consecutive quarter of revenue growth in the first quarter of 2020 at $188.2 million, an increase of $3.6 million, or 2.0%, compared to a year ago. Sales improvements were at Cycling Sports Group (CSG) and Pacific Cycle (PCG), partially offset by weakness at Caloi. …

Dorel Sports’ revenue increased to $909 million for 2019, up 2.9% from $883 million last year. The results also show that fourth-quarter revenue increased to $233.2 million, up 0.2% from $232.7 million last year. Pacific Cycle Group (PCG) and Caloi posted growth in the quarter while the Cycling Sports Group’s …