Earnings/Financial Reports
MONTREAL, Quebec (BRAIN)—Dorel's third quarter recreational/leisure revenue increased 18.8 percent to $172.5 million compared to $145.2 million last year for the same time period.
HELSINKI, Finland (BRAIN)—Mavic’s sales jumped 14 percent in the third quarter of the year as next year’s preseason orders began shipping, according to an earnings report released Thursday by Amer Sports, the wheel manufacturer’s Finnish owner.
OSAKA, Japan (BRAIN)—Sales in Shimano’s bicycle segment soared almost 20 percent during the first three quarters of the year as the world economy showed signs of recovery, according to nine-month earnings figures released by the company on Wednesday.
MILAN, Italy (BRAIN)—Oakley saw double digit growth in the third quarter of the year, led by exceptional performance in Europe, according to a earnings report released Monday by Luxottica, parent company of the eyewear giant.
TAIPEI, Taiwan (BRAIN)—Giant’s Taiwan factory saw nearly 30 percent growth in September as production levels rebounded from 2009.
WASHINGTON, DC (BRAIN)—Imports of mountain and comfort bikes up 13 percent in June were up 29 percent through August as suppliers opened the flood gates in the third quarter. Adult categories, up 12 percent in June, were up 24 percent in August, an increase of 957,865 units over last year.
FRIEDRICHSHAFEN, Germany (BRAIN)—The value of exports from Taiwan’s bike manufacturers shot up 31 percent in the second quarter of 2010 as the global economy recovered and fuel prices rebounded, according to the Taiwan External Trade Development Council.
TAIPEI, Taiwan (BRAIN)—Revenue from Ideal Bike Corporation’s Taiwan operations rebounded in July after nearly a year on the decline, according to revenue figures released on the Taiwan Stock Exchange.
WASHINGTON, D.C. (BRAIN)—Imports of kids’ bikes through June showed no signs of slowing, according to figures from the U.S. Department of Commerce. Sidewalk bikes, 20-inch and 24-inch categories were up 32, 23 and 51 percent, respectively, compared to the same month in 2009.
VAN NUYS, CA (BRAIN)—Giro has announced plans to broaden its product portfolio with a new line of men’s and women’s cycling shoes set to launch this fall.
WESTPORT, CT (BRAIN)—Fox Racing Shox second quarter revenue saw healthy gains, increasing $4.8 million—a 16.1 percent increase for the same time period in 2009.
MONTREAL (BRAIN)—Dorel’s bike business increased nearly 8 percent in the second quarter of the year despite impacts from global issues such as currency exchange rates and shipping container shortages.
HELSINKI, Finland (BRAIN)—Mavic’s sales inched up 2 percent in the second quarter of the year and 5 percent for the first half of 2010.
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