Posts Tagged ‘Europe’
Giant Profit!
The global Covid-induced bike boom has seen Giant Group’s net profit grow by almost half in 2020. Net profit for 2020 was up 46.7% over 2019. It reached NT$4.95 billion (A$228 million). This was based upon total sales for 2020 of NT$70 billion (A$3.22 billion) meaning that the net profit percentage rate was still a quite modest 7.1%. Giant said all its…
European Bike Sales Forecast to Grow Dramatically
A new detailed forecast developed by three major European cycling bodies is predicting the European bicycle market to grow by 47% in terms of annual sales, during the decade to 2030. This translates to an increase of 10 million bikes sold per year, from approximately 20 million bike sales in 2019 to 30 million in…