MIFA’s Bike Sales Drops by 8%

SANGERHAUSEN, Germany - MIFA (Mitteldeutsche Fahrradwerke AG – listed on the Frankfurt stock exchange) saw it bicycle sales drop by 7.6% to 462,000 units during the first nine months of 2013. The company’s revenue stabilized at € 97.7 million compared to the same period in 2012.
MIFA CEO Peter Wicht, “The clear improvement in our operating earnings shows that our ‘from volumes to margins’ strategy is bearing fruit.” - Photo MIFA