Caloi Acquisition Puts Pressure on Dorel’s Earnings

MONTREAL, Canada - “The costs related to the Caloi acquisition in August 2013 have resulted in our earnings to be lower than we hoped to see,” said Dorel President and CEO, Martin Schwartz yesterday at the presentation of the 2014 first half year results.
Organic revenue increased by approximately 15% year-to-date from Cannondale, Schwinn, Mongoose, GT and Caloi. - Photo Bike Europe