12.5% growth for Giant Group in 2022; outlook remains solid

TAICHING, Taiwan - Taiwan's leading bicycle producer Giant Group saw its fiscal 2022 sales jump by a double-digit 12.5% year-on-year to TW$ 92.04 billion (€2.82 billion). However, the impact of rising material and labour costs as well as increased OE-business affected the Group’s overall gross margin and operating profit performance.