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MIFA Result Down Again

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Early 2010 bicycle manufacturer Mitteldeutsche Fahrradwerke AG (MIFA) still reported an upward trend in bicycle sales. Unfortunately MIFA could not hold on to this positive trend as at the end of 2010 sales were

MIFA Result Down Again

SANGERHAUSEN, Germany – Early 2010 bicycle manufacturer Mitteldeutsche Fahrradwerke AG (MIFA) still reported an upward trend in bicycle sales. Unfortunately MIFA could not hold on to this positive trend as at the end of 2010 sales were down again.

In fiscal year 2010 MIFA’s turnover reached 76.54 million euro, a decline of 3.9% related to 2009. The export share of the turnover remained more or less stable at 33%.

Last year MIFA generated earnings before interest and taxes (EBIT) of 1.92 million euro compared to 4.11 million euro in the previous year. The EBT was 0.72 million euro against 2.22 million euro in 2009.

 

 

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