Online player Bike24 hit hard by high inventories
DRESDEN, Germany – In its latest financial statement, online retailer Bike24 Holding AG speaks of a “persistently uncertain economic environment” which results in a year-on-year decline of its net sales by 10.5% to € 55.27 million in Q1-2023. In addition, increasing financing expenses exceeded € 10 million in the first three months of this year.
Continue reading this article?
- Create an account under a minute and continue reading
- Read 3 articles for free every month
Create an account instantly
Already an account? Login to read this article