Despite Drop in 1st Quarter Revenue Dorel Sees Light at End of Tunnel
MONTRÉAL, Canada - Dorel Industries Inc. announced that its Dorel Sports (bike) division saw first quarter revenue drop by 10.7 percent to USD184.5 million (164.3m euro). Its Dorel Sports' Cycling Sports Group (CSG) businesses had a very good quarter in all of its markets. However, "Offsetting CSG improvement was Pacific Cycle which accounted for most of the revenue decline and reduced the increase in operating profit for the segment as a whole," says Dorel's 2019 first quarter financial report.
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