Dorel Reports Multi Million Impairment Loss Versus Increase In Revenue For 2018

MONTREAL, Canada – Today Dorel Industries Inc. announces drastic results for its Sports division (including Cannondale, Schwinn, GT, Mongoose, Pacific Cycles and Caloi) in 2018 and in the fourth quarter in particular. For the year, Dorel Sports’ revenue increased by USD 17.6 million, or 2.0 percent, to USD 883 million and a gross profit of USD 187.8.
Dorel Sports was the bleeder in 2018 while Cycling Sports Group (CSG) performed well. – Photo Bike Europe