CLOPPENBURG, Germany (BRAIN) Feb 24, 11:39 MT— Derby Cycle grew its revenue by 6.6 percent during the first three months of its financial year, according to an interim earnings report released on Friday.
HEERENVEEN, Netherlands (BRAIN) Feb 24, 09:25 MT— Strong sales of electric bikes and sports bikes drove a 9 percent increase in sales last year for the European bike giant, Accell Group.
SCHAFFHAUSEN, Switzerland (BRAIN) Feb 22, 09:08 MT—Garmin’s sales hit $2.76 billion last year, an increase of $70 million over 2010. And though its automotive sales fell 5 percent, sales in its outdoor and fitness categories were up 14 and 24 percent respectively.
CLOPPENBURG, Germany (BRAIN) Feb 15, 10:39 MT—Germany’s Derby Cycle started its financial year with a 6.6 percent sales gain during the traditionally weak months for bike sales.
LONDON, England (BRAIN) Feb 10, 07:19 MT — Future plc, the owner of Cyclingnews.com, BikeRadar.com websites, and Cycling Plus and Procycling magazines, is reporting a slight overall decline in revenue over its first quarter, but a 41 percent increase in digital revenues.
LOS ANGELES, CA (BRAIN) Feb 8, 18:27 MT Sport Chalet Inc. on Wednesday reported a 2 percent decrease in same-store sales and slightly deeper loss for its fiscal third quarter as unseasonable weather kept customers away from winter resorts.
OSAKA, Japan (BRAIN) Feb 8, 18:09 MT — With sales flat in most world markets, Shimano cited sales of sports bikes into China as driving its bicycle component sales up 5 percent last year to $2.3 billion (177.3 billion Yen).
By Nicole Formosa
NEW YORK, NY (BRAIN) Feb 6, 12:55 MT—Nielsen Holdings, which runs the well-known television traffic survey as well as the bike trade show Interbike, is reporting a revenue increase of 8 percent for 2011.
CLOPPENBURG, Germany (BRAIN) Jan 24, 10:41 MT —Derby Cycle reported a 36 percent increase in sales for the 2010/2011 fiscal year, led by a nearly 50 percent increase in the number of electric bikes sold.
CLOPPENBURG, Germany (BRAIN)—Derby Cycle AG grew its revenue by around 25 percent to 36.6 million euros ($48 million) in the fourth quarter of its 2010/2011 fiscal year, based on preliminary figures released by the company late Tuesday.
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.
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.
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.
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.
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.
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.
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.
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.
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.