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Earnings/Financial Reports

Posted February 8, 2011
OSAKA, Japan (BRAIN)—Shimano’s sales hit $2.6 billion last year (213.6 billion Yen), with the bicycle division contributing $2.1 billion (169.4 billion Yen) in sales, or 79 percent of total sales. Shimano’s net income doubled to $232.3 million (19.1 billion Yen).

Posted in North America Tagged Earnings/Financial Reports
Posted February 3, 2011
CLOPPENBURG, Germany (BRAIN)—Derby Cycle raised €98.6 million ($133.9 million) in its market debut today on the Frankfurt Stock Exchange, the company said in a press release.

The listed price was €13.15 per share for 7.5 million shares listed.

Posted in North America Tagged Earnings/Financial Reports
Posted February 3, 2011
HELSINKI, Finland (BRAIN)—Sales of Mavic rims, wheels, apparel and footwear rose 5 percent last year, totaling € 106.4 million ($142. 4 million), according to year-end financial results released Thursday by Amer Sports, Mavic’s parent company.

Posted in North America Tagged Earnings/Financial Reports
Posted January 18, 2011
TAIPEI, Taiwan (BRAIN)—Taiwan’s top two bike manufacturers ended 2010 up double digits after wrapping up the year with solid growth in December.

Posted in North America Tagged Earnings/Financial Reports
Posted January 13, 2011
WASHINGTON, D.C. (BRAIN)—Imports through November totaled 18,952,454 units, not only the best November total in a decade—up 4,776,736 units over last year—it beat most full year imports of the decade as well.

Posted in North America Tagged Earnings/Financial Reports
Posted December 27, 2010
TAIPEI, TAIWAN (BRAIN)—Revenue for Taiwan’s top two manufacturers rose in November, putting both Giant and Merida on track for double digit growth in 2010, according to numbers released on the Taiwan Stock Exchange.

Posted in North America Tagged Earnings/Financial Reports
Posted November 10, 2010
SCOTTS VALLEY, CA (BRAIN)—Easton-Bell Sports, Inc. reported sales increased 10.2 percent in the third quarter to $198.8 million from $180.4 million a year ago, while gross margin increased to 35 percent from 34.4 percent. Team Sports sales grew 12.4 percent while Action Sports revenues grew 8 percent.
Posted in North America Tagged Earnings/Financial Reports
Posted November 10, 2010
WASHINGTON, D.C. (BRAIN)—Imports through September are not only up strongly over last year, they are higher than anytime over the past six years. Suppliers swung 15.46 million bikes over the pier so far, an increase of 3.8 million units over last year.

Posted in North America Tagged Earnings/Financial Reports
Posted November 9, 2010
WESTFORD, CT (BRAIN)—Fox Racing Shox posted its fourth consecutive quarter of double-digit revenue growth this week as net sales soared 66 percent in the third quarter of the year.

Posted in North America Tagged Earnings/Financial Reports
Posted November 7, 2010
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.

Posted in North America Tagged Earnings/Financial Reports
Posted October 28, 2010
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.

Posted in North America Tagged Earnings/Financial Reports
Posted October 27, 2010
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.

Posted in North America Tagged Earnings/Financial Reports
Posted October 25, 2010
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.

Posted in North America Tagged Earnings/Financial Reports
Posted October 21, 2010
TAIPEI, Taiwan (BRAIN)—Giant’s Taiwan factory saw nearly 30 percent growth in September as production levels rebounded from 2009.

Posted in North America Tagged Earnings/Financial Reports
Posted October 14, 2010
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.

Posted in North America Tagged Earnings/Financial Reports
Posted September 9, 2010
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.
Posted in North America Tagged Earnings/Financial Reports
Posted August 18, 2010
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.

Posted in North America Tagged Earnings/Financial Reports
Posted August 18, 2010
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.

Posted in North America Tagged Earnings/Financial Reports
Posted August 16, 2010
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.

Posted in North America Tagged Earnings/Financial Reports
Posted August 9, 2010
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.

Posted in North America Tagged Earnings/Financial Reports

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