Dorel Sports Sees Sales Decline in Europe

QUEBEC, Canada - For the first six months of 2015 Dorel Sports (including its Cycling Sports Group division) saw its revenue decrease by USD 46.6 million (€ 42.5mn), or 8.8% to USD 480.0 million (€ 437.7mn) compared to last year’s USD 526.6 million (€ 480.2mn). Organic sales declined in Europe is noted in the financial report of listed Dorel Industries Inc.
Dorel Sports, including the Cycling Sports Group operating brands like Cannondale, Schwinn, GT, Charge, Fabric and Mongoose, also saw its sales decline in North America. – Photo Bike Europe