Shimano Sees Sales in Bike Components Grow by 20%
“Robust retail sales in the US and Europe since spring of 2010”, is named by Shimano Inc. as one of the reasons for the outstandingly well financial results the leading bike component maker booked during
OSAKA, Japan – “Robust retail sales in the US and Europe since spring of 2010,” is named by Shimano Inc. as one of the reasons for the outstandingly well financial results the leading bike component maker booked during the first nine months of the year. The company’s net revenues increased by 15.9% to JPY 155,875 million (euro 1.4 billion).
In its qualitative information on the consolidated financial performance Shimano Inc. stipulates that as a result of the robust retail sales: “Inventories of bicycles were at almost normal levels, except in certain markets. In these circumstances bike makers shifted smoothly to new models.”
Those new models were fitted with components Shimano introduced in the second quarter of this year; the 105 series for road bike components and Deore LX and SLX for MTBs. The company also mentions that: “Order-taking of the XTR flagship series was buoyant. As a result sales of the bicycle components segment increased 19.7% to JPY 123,153 million (euro 1.1 billion) and operating income increased 79.4% to JPY 23,976 million (euro 213 million).”
* Please note that Shimano Inc. has announced figures in JPY currency only. EUR equivalent amount is calculated by up-to-date exchange rate for the reference, the company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.