Jo Beckendorff

SCHRAMBERG, Germany - Even though the weakening economy and the ongoing destocking in the 2024 financial year hurt the turnover and earnings of stock-listed high-precision gear parts and components manufacturer hGears AG, the company says the cost and structural measures introduced are having the desired effect. These have also prepared the company for another difficult year.

DRESDEN, Germany - Online bicycle retailer Bike24 Holding AG closed its first quarter of 2025 with double-digit revenue growth in all European sales regions compared to the same period of the previous year and a €2.1 million improvement in operating results.

VIENNA, Austria - After an impressive Covid-related sales boom and subsequent sales decline and overstock, Austria's bicycle market had already more or less returned to a 'high normal level' by 2023. Could this level be maintained in 2024? The answer to this question can be found in the latest data released by ARGE Fahrrad.

WELS, Austria - For quite some time the sparrows have been whistling it from the rooftop: on April 29, Pierer Mobility AG confirmed it will withdraw completely from the bicycle and e-bike business in the current 2025 financial year. Pierer Mobility is seriously struggling with the insolvency of its motorcycle subsidiary KTM AG.

VIENNA, Austria - The first-quarter sales numbers for 2025 are in, and Austria's kids' bicycle supplier Woom GmbH has glimpsed a light at the end of the tunnel with its strongest numbers yet.

SCHRAMBERG, Germany - hGears AG faced a challenging 2024 fiscal year as declining demand and high inventory levels weighed on revenue and earnings. Despite the negative effects of 2024's economic slowdown and excess inventory struggles, hGears AG remains confident that its new cost and structural measures are having a positive effect.

HARTMANNSDORF, Germany - German bicycle manufacturer Diamant Fahrradwerke GmbH has concentrated on the German-speaking country market since its takeover by Trek Bicycle Corporation (aka Trek Group) in 2002. This year, celebrating its 140th anniversary, the East-German brand is also burgeoning in Benelux, the United Kingdom, Ireland and Poland.

STUTTGART, Germany - SEG Automotive Germany GmbH has just announced their latest innovation, an e-bike drivetrain solution with automatic shifting in a compact design they've coined 'Kreutzer Hypershift by SEG Automotive'. In cooperation with start-up partner Octagon, the new motor builds on SEG Automotive's expertise from over 100 years of manufacturing e-machines and benefits from Octagon's agile development and integration capabilities.

MUNICH, Germany - In order to further expand its position in the market for premium pre-owned bicycles and e-bikes in France and Europe, TFJ Buycycle GmbH - creator of the German bicycle marketplace Buycycle, has joined forces with the French premium pre-owned marketplace for bicycles, Biked.

TAICHUING, Taiwan -Taiwan´s third-largest bicycle manufacturer Ideal Bike Corporation significantly reduced its costs in 2024, according to the limited financial information communicated by the company. However, last year's revenue of TWD 2.65 billion (€737.46 mln) still represented a year-on-year drop of 27.5%.