Dorel reports: supply chain constraints limited 2020 results

MONTREAL, Canada - Dorel Industries Inc. announces boosting sales results for its Sports division (including Cannondale, Schwinn, GT, Mongoose, Pacific Cycles and Caloi) in 2020. For the year, Dorel Sports’ revenue increased by $135.7 million (€115.4 million), or 14.9%, to $1,045 million (€875.9 million) and a gross profit of $230 million (€192.8 million).