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Mifa Reports Promising 1st Quarter 2010 Results

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For the first quarter of 2010 Germany based bike producer Mitteldeutsche Fahrradwerke AG (Mifa in short) reports a 4.9% sales increase to a total of 23.8 million. The company which is focused on

Mifa Reports Promising 1st Quarter 2010 Results

SANGERHAUSEN, Germany – For the first quarter of 2010 Germany based bike producer Mitteldeutsche Fahrradwerke AG (Mifa in short) reports a 4.9% sales increase to a total of € 23.8 million.

The company which is focused on the low to mid-end sector of the bike market and on supplying supermarket and mass market chains saw its EBIT drop by 16.7% to € 1.5 million.

With € 1.2 million Mifa’s EBT result leveled with the same period in 2009 while the consolidated profit reached € 0.8 million.

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