Pierer Mobility reports revenue increase despite difficulties in bicycle market

WELS, Austria - In the first six months of 2023, Pierer Mobility AG achieved a new record revenue of €1.39 million, up 20.2%, compared to 2022. However, "the bicycle market as a whole is characterised by major changes. The consolidation that has already begun and is expected, will have profound effects on the entire bicycle industry," the motorcycle and e-bike specialist warns.

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