Tag Archives: Finance

Shimano reports 15% decrease in bike sales in Q1

Shimano has released its latest summary of financial results, running from 1st January 2020 to 31st March 2020. It revealed that its net sales from the bicycle components segment decreased 15.4% from the same period of the previous year to 58,868 million yen, and operating income decreased 26.1% to 10,298 …

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Thule reports “solid quarter” despite negative effects of COVID-19

Thule has reported a “solid quarter” for Q1 2020 despite the negative effects of COVID-19 as of mid-March, the company has said in its latest financial report. The group said it had started the year “very strong” with increased sales, improved profitability and more efficient use of capital. However, when …

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Dorel Sports reports revenue growth in 2019

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 …

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