DRESDEN, Germany - The Management Board of online bicycle retailer Bike24 Holding AG has adjusted its revenue forecast for the 2024 financial year downwards. At the same time, the company confirms its previous forecast for the adjusted EBITDA margin "based on the indicative results for the fourth quarter of 2024".

MALLORCA, Spain - A new event for the cycling industry will gather senior leaders, HR professionals, communications experts, and decision-makers to address the gender equity gap in the cycling workforce. The first event in the Summit Series being held in Mallorca, 25-27 March will also discuss how the cycling industry can attract, support and develop more women.

LUXEMBOURG, Luxembourg - Four suspects have been arrested in The Netherlands on suspicion of large-scale customs fraud involving bicycles imported from China. The value of the alleged fraud is over €7 million.

TAICHUNG, Taiwan - In an attempt to improve the financial situation, bicycle manufacturers massively tried to lower their inventory levels even when it came with huge discounting. Giant Group managed to mitigate its decline in turnover to 7.4% as the company's 2024 monthly revenue report shows. This is compared with a decrease of 16.4% in 2023.

BENTONVILLE, USA - Open to companies based in North America, Europe, and Asia, an innovative program dedicated to promoting 10 tech startups focused on cycling has been initiated by the Arkansas Global Cycling Accelerator (AGCA). The accelerator will offer a 10-week hybrid program designed to support cycling-related tech innovation.

The Taipei Cycle Show returns from March 26 to 29, 2025, at halls 1 and 2 of the Taipei Nangang Exhibition Center. Recognized as a leading B2B event in the cycling industry, the show is expected to host 950 companies from 35 countries, occupying 3,600 booths. It remains a key meeting point for high-end bicycle supply chains, with a focus on innovation and sustainability.

HUTTWIL, Switzerland - As predicted, Flyer production is being relocated to ZEG's Kettler factory in Germany. Only a skeleton team for Swiss dealer support will remain at the Swiss site in Huttwil. They will remain alongside sister company Biketec GmbH with its connectivity solution FIT which has not been affected by the exodus, but only after intense negotiations.

GÜTERSLOH, Germany - Another well-known traditional company in the German bicycle industry is facing financial difficulties that can't be solved by themselves anymore. Both Sprick Cycle GmbH and its parent company Sprick Holding GmbH filed for provisional insolvency on 27 December, according to an announcement of the insolvency court.

TAOYUAN, Taiwan - Taiwan's specialty bike manufacturer Pacific Cycles Inc., is having to deal with great sadness. On 9 January, president Michael Lin passed away peacefully at the age of just 57.

WARSAW, Poland - In 2025 a series of significant industry trends will mark the future development of the bicycle and e-bike industry. One of these trends is the ongoing reshoring of production and improving market flexibility by manufacturing in Europe instead of Asia.

BERLIN, Germany - Young urban e-bike mobility brand Lemmo, which was launched by Hypaths GmbH, celebrated its exhibition debut on the sporting goods show Ispo Munich 2024. In a small space at the Ispo BrandNew Hub in Hall B2, the newcomer put the spotlight on what it claims is a newly defined product in the city bike category.

BERLIN, January - NOCA, the Berlin-based software company pioneering master data management for the cycling industry, has added Christian Koll-Schwarze to its team as Business Development Lead. With more than 20 years of experience in the cycling industry, his role will involve positioning NOCA to transform the way cycling businesses manage their data in the OEM and aftermarket.

ARHUS, Denmark - Promovec Group A/S, supplier of e-bikes and drive systems, has acquired the remaining 25% of battery manufacturer Viridus Manufacturing A/S. This acquisition marks the end of the joint venture partnership with Chinese company Greenway.

Over the past decade, JCL Logistics has grown into perhaps the largest logistics service provider for the bicycle industry in the Benelux and West Germany. With the opening of a new storage facility for lithium-ion batteries, the company is set to deliver even more tailored services.

HEERENVEEN, the Netherlands - Accell Group's chief operating officer (COO) Jonas Nilsson, will become CEO of the group, succeeding Tjeerd Jegen, who is stepping down and will transition to chair of the group's supervisory board. The CEO transition will take place over the coming months, up until 1 April, 2025, with the Chair transition taking place later this year, to allow for a cool-off period in line with good governance practices.