Dorel’s Revenue Under Pressure by Weak North American Market

MONTREAL, Canada - Dorel Industries Inc. announced its results for the first half of 2017 which showed a 2.0% drop in revenues to USD 1.258 billion (€ 1.065bn). This resulted in a net profit of USD 20.3 million (€ 17.1mn) compared with a net loss of USD 21.9 million (€ 18.5mn) in the first half of 2016. Revenues of Dorel’s Sports division with the Cycling Sports Group (CSG) was under pressure as a result of the weak North American market.
Dorel Sports’ revenue dropped 6.6% in the first half of 2017. – Photo Bike Europe