All Bike & eBike articles – Page 46
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ArticleSecond bike stock index and certificate ex-USA
In 2021, the first public donation bike certificate from Daubenthaler & Cie. based on the world’s first bike index celebrated its stock market debut with the “BeneFaktor Zertifikat Bike”. Now the German asset manager follows up with the “BeneFaktor Index Bike ex-USA,” which went live on Feb. 21 with index ...
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News briefsAllegion appoints global OEM sales director for Axa and Trelock
Source: Allegion Security technology company Allegion plc has appointed Ralph Prins as global OEM sales director for its Axa and Trelock bicycle lock brands. With this move, Allegion aims to further deepen the OEM sales segment structure for both brands. Starting in March 2022, Prins will operate ...
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News briefsHövding looks to expand geographically after a “year of change”
Sweden’s manufacturer of bicycle airbags, Hövding, summed up the full year 2021 in its latest quarterly report. The company’s new CEO, Sofia Svensson, said, “We have gone through major changes both operationally and financially. The changes have resulted in improved gross margin and lower fixed costs as a percentage of ...
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News briefsOutdoor Broker merges with Bergzeit GmbH
With a clearance sale including discounts up to 70 percent, German overstock dealer Outdoor Broker is preparing its merger with Bergzeit GmbH. Outdoor Broker has already been working closely with Bergzeit GmbH at its administrative headquarters in Otterfing, Bavaria, since 2017. Due to the overlapping customer base, the two companies ...
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News briefsRose Bikes ends 20/21 with single-digit, forecasts double-digit sales growth in fiscal 21/22
Despite “missing components and unfeasible product launches,” German DTC bicycle brand Rose Bikes achieved sales growth of 8.5 percent to a total of €148.7 million in fiscal 2020/2021, which ended Oct. 31. For the upcoming 2021/22 fiscal year, all signs point to further expansion. “We have taken all the precautions ...
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News briefsBike24 aims to double Spanish sales, logistics center near Barcelona operational by end of 2022
After launching its e-com business in Spain in late 2020, Bike24 has now reported sales on the Iberian Peninsula of “just over €4.5 million” in 2021, according to CMD Sport. Internationally, the German online bike retailer generated total sales of €250 million last year. Last month, it additionally launched its ...
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News briefsAnother automotive giant enters IBD market with new Lucien bike store chain
Belgium’s largest car importer, D’Ieteren Group SA/NV, is strategically expanding its mobility activities to include bicycles. With the launch of a chain of bicycle shops under the name Lucien, the automotive giant is now including bicycles “as an essential component of tomorrow’s multimodal mobility” in its portfolio. With annual sales ...
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ArticlePortugal Bike Value achieves double-digit increase in bicycle exports in 2021
During the visit of a delegation from the National Agency for Innovation (ANI) to the headquarters of the Portuguese bicycle industry association ABIMOTA in Borralha, secretary general Gil Nadais revealed some interesting export figures for 2021. The main focus of the visit was the expansion of laboratories at ABIMOTA’s headquarters, ...
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News briefsCEO of Dorel Sports resigns
According to several media reports, Peter Woods, president and CEO of Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.) since 2013, has resigned. Dutch Pon Holdings’ bicycle business Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) had announced the acquisition of Canadian Dorel Industries’ bicycle business ...
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ArticlePorsche gathers even more e-bike power
After unveiling its first e-bike under the Cyklær brand with partner Storck Bicycle in 2021 and acquiring a majority stake in e-bike manufacturer Greyp Bikes the same year, Porsche continues to invest in its non-automotive future, particularly in the fast-growing e-bike market. The Stuttgart-based sports car manufacturer has now announced ...
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ArticleMips Q4 net sales rise despite supply constraints & China factory slowdowns
The Swedish helmet safety technology provider Mips reported a 41 percent rise in net sales during the fourth quarter, despite supply chain constraints and power restrictions on factories in China. The specialist in “brain protection” said net sales for the three months to Dec. 31 rose to 198 million Swedish ...
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News briefsShimano acquires minority stake in Get Bike Service
The Dutch start-up Get Bike Service (GBS) has received a cash injection from Shimano. The amount was not disclosed, only that the Japanese company now holds a minority stake in GBS. GBS says it is “the largest independent service provider in Europe and focuses on the maintenance and repair of ...
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ArticleShimano with a strong year, but slowing down
Shimano’s consolidated revenues went up by 44.6 percent to 546.3 billion yen (€4.14bn) in the financial year ended Dec. 31, recovering from a mere 4.1 percent of growth in the previous year. Still, the company is guiding for an increase of only 6.1 percent in 2022. The group’s operating earnings ...
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ArticleOrganized crime reaches the bicycle business: Theft at BFI leads to millions in damages, and to delays
The delivery problem in the bicycle industry seems to open a new business field for organized crime. On Jan. 21, the Czech bicycle manufacturer Bike Fun International s.r.o. (BFI) lost key components (including long-awaited Shimano brand parts) when an entire truckload was stolen from Germany. To warn other manufacturers, the ...
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ArticleVista Outdoor raises guidance after record Q3
Minnesota-based Vista Outdoor raised its guidance for its fiscal year ending this March after reporting record results in the third quarter ended Dec. 26 amid continued high consumer demand for sporting and outdoor products. Vista Outdoor is now projecting fiscal year 2022 sales of $2.97 billion to $3.0 billion, representing ...
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ArticleWoom Bikes with new management
Mathias Ihlenfeld has taken over the overall management of Austrian children’s bicycle manufacturer Woom as CEO at the turn of the year. Born in Germany, Ihlenfeld founded Woom USA in 2014. With an uncompromising focus on DTC retail and customer service, he succeeded in making Woom one of the fastest ...
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News briefsHövding with distributor for Norway
Swedish company Hövding, maker of an airbag for bicyclists, is investing in the Norwegian market by forming a partnership with Hartmanns Oslo AS, a sports and fashion distributor catering to the Scandinavian markets. Hövding expects the partnership to increase the brand’s presence in Norway and facilitate sales in the market. ...
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News briefsWilier Triestina acquires F.a.c. di Michelin
Italian bicycle supplier Wilier Triestina Spa has acquired F.a.c. di Michelin Spa, also from Italy and manufacturer of Miche bicycle wheels and parts. The merger creates a group led by Wilier Triestina with total sales of about €80 million. No details were provided regarding the price of the transaction. According ...
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News briefsPierer Mobility prepares listing on prime market of Vienna Stock Exchange
Austrian two-wheeler specialist Pierer Mobility AG intends to apply for admission to trading in the top segment (Prime Market) of the Vienna Stock Exchange on March 1, 2022. This step is intended to meet the great investor interest in Austria and abroad. With sales of 332,881 motorcycles in its 2021 ...
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ArticleIronman Group realigns leadership structure
Florida-based The Ironman Group has announced the promotion of Stefan Petschnig to chief business development officer and Matt Wikstrom to chief partnerships officer, resulting in shifts in the management structure and several promotions. Petschnig’s successor is Thomas Veje Olsen, who has been promoted to SVP & managing director Europe, ...
