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Earnings/Financial Reports

Posted November 15, 2011

HEERENVEN, the Netherlands (BRAIN)—Bike sales fell below expectations in the third quarter for Accell Group due to bad summer weather in Europe and general economic conditions, the Dutch company said in a press release issued Tuesday.

Posted in North America Tagged Earnings/Financial Reports
Posted November 13, 2011

TAIPEI, Taiwan (BRAIN)—Taiwan’s manufacturers saw nominal revenue increases in October with Merida reporting the largest gains for the month, according to figures released on the Taiwan Stock Exchange.

Posted in North America Tagged Earnings/Financial Reports
Posted November 9, 2011

VAN NUYS, CA (BRAIN)—Easton-Bell Sports reported double-digit growth in sales of Easton-branded wheels and components during the third quarter. Sales of its Giro cycling shoes were also strong, the company said in its latest earnings report.

Posted in North America Tagged Earnings/Financial Reports
Posted November 8, 2011

WESTPORT, CT (BRAIN)—Compass Diversified Holdings posted growth through the third quarter for Fox Racing Shox and CamelBak, according to an earnings report it filed Tuesday. Compass is parent company of both brands.

Posted in North America Tagged Earnings/Financial Reports
Posted November 3, 2011

MONTREAL (BRAIN)—Specialty brands led the way to a 21.6 percent third quarter sales increase in Dorel Industries’ bike division, according to figures released by the company Thursday.

Posted in North America Tagged Earnings/Financial Reports
Posted November 2, 2011

OLATHE, KS (BRAIN)—Garmin reported total revenue through September was flat compared to the same period a year ago, but revenue across its outdoor and fitness segments was up. Revenue for the third-quarter was down 4 percent to $667 million from $692 million in the third quarter of 2010.

Posted in North America Tagged Earnings/Financial Reports
Posted October 31, 2011

OSAKA, Japan (BRAIN)—Shimano’s net sales climbed 3.7 percent to $2.1 billion (161.6 billion yen) while its operating income dropped 11 percent during the first nine months of 2011.

Posted in North America Tagged Earnings/Financial Reports
Posted October 27, 2011

HELSINKI, Finland (BRAIN)—Sales at Mavic rose 15 percent in the third quarter, with strong growth in wheels and cycling shoes, parent company Amer Sports stated in an earnings call Thursday.

Posted in North America Tagged Earnings/Financial Reports
Posted October 24, 2011

MILAN, Italy (BRAIN)—Luxottica Group S.p.A. reported net sales at its Wholesale Division, which owns Oakley, rose to €555.1 million ($784 mm) in the third quarter ending Sept. 30, from €518.3 million ($669 mm) in the third quarter of 2010.

Posted in North America Tagged Earnings/Financial Reports
Posted October 11, 2011

HEERENVEN, the Netherlands (BRAIN)—Accell Group N.V. has sold its 22 percent stake in Derby Cycle AG to Pon Holdings at a price of €28 per share.

For Accell Group this results in a book profit of €17 million on the sale of its shares in Derby Cycle.

Posted in North America Tagged Earnings/Financial Reports
Posted September 22, 2011

HEERENVEN, the Netherlands (BRAIN)—Accell Group N.V. has taken notice of the intention of Pon Holdings B.V. to make a public offer for all outstanding shares of Derby Cycle
at a price of € 28 per share.

Posted in North America Tagged Earnings/Financial Reports
Posted August 29, 2011

CLOPPENBURG, Germany (BRAIN)—Derby Cycles sold 73,000 electric bicycles in the first nine months of the year, a jump of nearly 86 percent from the same time period last year, according to an earnings report released by the company on Monday.

Posted in North America Tagged Earnings/Financial Reports
Posted August 15, 2011

VAN NUYS, CA (BRAIN)—Easton Bell Sports sales hit $211.9 million in its second quarter ending July 2, an increase of 4.5 percent compared to sales of $202.8 over the quarter last year.

Posted in North America Tagged Earnings/Financial Reports
Posted August 12, 2011

WASHINGTON, D.C. (BRAIN)—Suppliers brought in 17 percent fewer bikes, a shortfall of 1.5 million units, through June compared to the same period last year. The 30 percent drop in kid’s imports, off 1.4 million units, explains most of the overall shortfall.

Posted in North America Tagged Earnings/Financial Reports
Posted August 9, 2011

WATSONVILLE, CA (BRAIN)—Fox Racing Shox saw sales to Europe and Asia grow to $30.4 million over the second quarter, up from $21 million over the same quarter last year.

Posted in North America Tagged Earnings/Financial Reports
Posted August 9, 2011

MONTREAL (BRAIN)—Strong sales in Europe among Dorel Industry’s specialty brands drove nearly 16 percent growth in the company’s cycling segment in the second quarter of the year, according to an earnings report released on Tuesday.

Posted in North America Tagged Earnings/Financial Reports
Posted August 4, 2011

LA CANADA FLINTRIDGE, CA (BRAIN)—Sports Chalet saw its sales total $82.8 million, an increase of 3.9 percent in the first quarter compared with a year ago. Sports Chalet, however, still reported a loss of $0.8 million, or 6 cents a share.

Posted in North America Tagged Earnings/Financial Reports
Posted August 4, 2011

CLOPPENBURG, Germany (BRAIN)—Germany’s Derby Cycle expects to post third-quarter revenue of around 84.4. million euros ($122.3 million), an increase of 35 percent over the same quarter last year.

Posted in North America Tagged Earnings/Financial Reports
Posted August 4, 2011

HELSINKI, Finland (BRAIN)—Mavic sales grew 17 percent in the second quarter of the year, driven equally by sales of wheels and cycling soft goods like footwear and apparel, Heikki Takala, president and CEO of Mavic’s owner Amer Sports said in a conference call on Thursday.

Posted in North America Tagged Earnings/Financial Reports
Posted July 27, 2011

OSAKA, Japan (BRAIN)—Sales in Shimano’s bicycle components segment increased 3.3 percent for the first six months of the year as the world economy remained on a modest recovery track, the company said in an earnings report released Wednesday.

Posted in North America Tagged Earnings/Financial Reports

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