Tag Archives: finance

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 …

The Thule Group has reported currency-adjusted growth of 52% for the third quarter of 2020. This means the group has achieved a currency-adjusted sales increase of 7% for the first nine months of the year, said CEO and president Magnus Welander. Net sales for the quarter amounted to SEK 2,436 …

ArmaUrto has secured a £150,000 equity investment from the Cornwall and Isles of Scilly Investment Fund (CIOSIF), as part of a larger £300,000 funding round. The investment round was led by The FSE Group, the appointed fund manager of CIOSIF. ArmaUrto’s management team includes former Moss Bros CEO Rowland Gee …

Blubrake has announced a $6 million Series A round, allowing the company to reach total funding above $10 million. The funding round was led by e-Novia, the deep tech ‘Entreprises Factory’ within which Blubrake was founded and completed its acceleration process. Other investors included Progress Tech Transfer and some private …

Halfords has reported continued growth in cycling, up 46% like-for-like in the five-week period to 25th September. H1 profit before tax is expected to be in excess of £55 million, as a result of the momentum in cycling and motoring products and services. The retailer’s 20-week trading update on 8th …

Halfords has released its trading update for the 20-week period to 21st August, with cycling like-for-like revenue up 59.1%. There was growth across all product categories, the retailer said, with an increase of 76% in Halfords’ performance cycling business, Tredz. Sales of new products were up 114% in the period, …

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 …

Wilier Triestina has announced a new shareholder, Pamoja Capital, to support the brand with UK and international growth. The Italian company, founded in 1906, will remain in the hands of the Gastadello family. Currently, 3.5% of Wilier sales are from the UK. Andrea Gastaldello, CEO of Wilier Triestina SpA, said: …

Shimano has released its summary of financial results from 1st January to 30th June 2020. Net sales from the bike components segment decreased by 14.6% from the same period of the previous year to 122,613 million yen, and operating income decreased 19.7% to 22,963 million yen. The company said that …

The Accell Group has recorded a year-on-year sales growth of 53.1% in June. This brings H1 net sales to €676.9 million, up 4.0% vs last year, despite the impact of lockdown in March and April. H1 EBIT came in at €45.1 million (excluding one-offs: €47.5 million), trailing H1 2019 levels …