Dorel Q1: Surge in bike sales boosts growth in sports division

MONTREAL, Canada - Dorel Industries Inc., owner of bicycle brands including Schwinn, Mongoose and Cannondale has reported its Q1 results for 2020. The financial statement shows that coronavirus has interrupted an otherwise solid start to the year. Dorel Sports, which includes the bicycle segment, has recorded a fourth consecutive quarter of revenue growth with April bicycle sales surging.