Ideal Bike reduces loss while revenue drops significantly
Following Taiwan’s leading bicycle manufacturers Giant and Merida, Formosa’s third largest bicycle manufacturer Ideal Bike Corporation is not looking any better either. According to 2024’s first quarterly report, Ideal Bike achieved net sales of TWD 627.45 million (€17.96 million). Compared to the first three months of the previous year, this is an impressive decline of 39.9 percent.
Sign-in if you already subscribe to The Outdoor industry Compass.
Subscribe today
Get access to what the top decision makers are reading in the outdoor industry.
- Analysis across Retail, Sustainability, Technology, Corporate and M&A, Financial Development, Market and Trends, Legal & Regulation, Trade & Sourcing and more
- Essential weekly E-mail Briefings with the latest analysis and most important industry developments
- Find inspiration to drive your business forward with our case studies and best practices on business opportunities
- Guest chronicles, C-Suite interviews, insights from industry experts and leaders that are shaping the future of the industry
- Organisation-wide access across offices, people and devices