All Mobility articles – Page 2
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News briefsPierer Mobility with changes to executive board
Pierer Mobility AG announced major leadership changes as CFO stepped down, with Gottfried Neumeister joining the Executive Board on Sept. 1, 2024.
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News briefsUSWE and KTM team up to release co-branded hydration packs
The collaboration allows USWE to expand its market presence in the motorsport community for the 2025 season.
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ArticleThree bike industry veterans launch first dedicated investment fund for micromobility
Fundracer is a new, micromobility-focused investment fund that aims to support innovative start-ups and promote growth in the sector.
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ArticleLeatt with flat numbers, but optimistic due to visible growth at dealer, consumer levels
The South African supplier of two-wheeler equipment sees optimism ahead despite an 18.4% revenue drop, driven by a growth trend seen at dealer and consumer levels.
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News briefsFord Mustang and Bronco now also come as e-bikes
The car maker and micromobility startup N+ are bringing the spirit and performance of two iconic US cars to two wheels.
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ArticleGoPro vows to slash expenses, become profitable in 2025
Despite a challenging H1, the action cam company aims for profitability in 2025 through cost reductions and diversification. Q2 saw a 23% revenue decline but growth in subscriptions.
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ArticleFox Factory sales down, SSG sales increase mainly due to Marucci takeover
The suspension specialist’s Q2 results showed a 13% sales drop, driven by double-digit declines in PVG and AAG sales. However, SSG saw a 17.8% increase, mainly due to the Marucci Sports acquisition and a 52% rise in bicycle brand sales compared to Q1.
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ArticleGarmin adjusts FY guidance
Sales in the Outdoor segment fell by almost 2 percent due to lower sales of its adventure watches, but Garmin still achieved overall operating income growth of 20 percent with a 14 percent total revenue expansion.
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News briefsThule acquires trailer company
Reacha, a German brand of small trailers, mostly designed for bicycles and water sports equipment, is the latest addition to the Swedish Thule Group.
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ArticleSidi Sport signs ‘Business for People and Society’ manifesto
Sidi Sport supports the manifesto “Business for People and Society,” drawn up by the UN Global Compact Network Italy, the local network of the UN Global Compact, the world’s largest sustainability initiative for companies.
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News briefsClarus appoints three veteran experts to support Adventure segment
Clarus Corporation, owner of the Black Diamond and Pieps brands, among others, has made three strategic hires for its Adventure segment to accelerate growth in the US and international markets and strengthen its global OEM initiatives. The Adventure segment, which includes Rhino-Rack, Maxtrax and Tred Outdoors, has appointed Tripp Wyckoff ...
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ArticleThule Group operating income rises 3% in Q2
Thule Group AB, despite a promotional North American market and lower RV products across Europe and Rest of World, reported a 3 percent gain in operating income to 732 million Swedish kroner (€63.3m) for the quarter ended June 30. Net income increased by 3.7 percent to SEK 559 million (€48.4m) ...
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News briefsTwo long-standing executives to share new COO role at Garmin
Garmin announced today that Patrick Desbois and Brad Trenkle have both been appointed to the newly created role of Chief Operating Officer, effective July 1, 2024. Source: Garmin Patrick Desbois Desbois will provide executive oversight for Garmin’s aviation and auto OEM segments, global supply chain and operations, ...
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ArticleNew Cake owner introduces himself and his future plans
After Cake founder and CEO Stefan Ytterborn (also founder of the protective equipment company POC) lost a major investor at short notice and his e-motorcycle and e-bike company, founded in 2016, had to file for insolvency on Feb. 1 of this year, the insolvency administrator gave little news about the ...
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ArticlePierer Mobility reports strong Q2, announces realignment of the bicycle division
Pierer Mobility AG released its financial results for the second quarter of 2024, highlighting continued growth across key financial metrics. The company also announced a significant strategic realignment of its bicycle division, reflecting its commitment to streamlining operations and enhancing profitability in the competitive e-mobility market Key financial highlights of ...
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News briefsEurobike Festival Days for consumers in Frankfurt on July 6-7
Frankfurt is once again all about bicycles at the third consecutive Eurobike in the city. With 1,900 exhibitors in four halls on eight levels, 150,000 square meters of total space, an even longer test track with a gigantic range of tests, huge demo and hands-on areas, show stages and a ...
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News briefsThule continues to expand its European e-commerce presence
In early May, Thule successfully launched thule.com e-commerce in Poland, opening its 12th DTC store in Europe. The company said that Poland, the seventh largest country in Europe with a population of around 40 million, offers a significant opportunity to bring all its products closer to many more consumers. The ...
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ArticleLeatt Q1 sales continue to decline, but inventories normalize
After a sales boom during the pandemic years, the shares of the South African manufacturer of protective equipment for motorized and non-motorized off-road two-wheelers Leatt Corporation (traded OTC in the US), like many others, have experienced a “down-to-earth” development in the post-Covid period. This continued in the first quarter of ...
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ArticleAcquisition of Marucci cushions decline in Fox Factory's SSG bike product sales
Suspension specialist Fox Factory Holding Corp. announced that the company met expectations with a 16.6 percent decline in sales in the first quarter (compared to Q1 2023) to $333.47 million (€309.91m): all three of Fox Factory’s divisions suffered sales declines. The total Q1 sales can be divided into: Powered ...
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ArticleGarmin gains on positive results from fitness and automotive segments
Swiss navigation and fitness device manufacturer Garmin, in its seasonally lowest quarter of the FY, reported a 51 percent increase in Q1 operating income to $298.4 million from $197.0 million for the period ended March 30. Net income was up 36 percent year-over-year to nearly $276 million, and gross margin ...
