FRANKFURT, Germany - The second edition of the Eurobike Investors Lounge attracted some 70 participants, primarily private equity investors and family offices. The high level of attendance shows that investors still see the potential of the bicycle industry.
BERLIN, Germany - Bicycle, outdoor and team sports e-commerce vendor Signa Sports United reports a year-on-year 23.5% sales-drop down to €195 million in the second quarter of 2022/2023, which ended on March 31, 2023. The WiggleCRC, Bikester, Fahrrad.de and Probikeshop owner was still able to cope with the loss thanks to better results in the first sales quarter of fiscal year 2022/2023.
SCHRAMBERG, Germany - According to precision gearbox manufacturer hGears AG, its first quarter 2023 results are in line with expectations. The strong performance of the premium, luxury and sports car segments was not able to compensate for the decline of the two other business segments e-mobility and e-tools - but at least cushioned it.
MONTIGNY-LE-BRETONNEUX, France - Alltricks, the omni-channel pure-player, has reported a turnover of €219 million in 2022. This represents a 30% increase compared to 2021. This figure includes the activity of Troc Vélo, the first specialised second-hand site that Alltricks acquired in March 2021. Last year, this company has recorded a 65% growth in active classifieds, generating a volume of transactions between individuals of €49 million.
GRENOBLE, France - The commercial court of Grenoble has put the sporting goods retailing giant Go Sport in receivership on 19th January after being notified of its state of cessation of payment. For retailer insiders these problems at Go Sport don't come as a surprise.
A hot topic in the bike industry currently is the quest for more sustainable bike components. The key to reaching real, long-term results, is to focus on the materials used to manufacture bike components, following-up with tangible targets leading to concrete impact.
ZEIST, The Netherlands - The October edition of Bike Europe magazine (issue 5/2022) is now available to read online in our digital magazine section. With a focus on production on Romania, a series of articles looks at how this former 'poorhouse' of Europe is becoming home to several prominent bicycle manufacturers.
DENKENDORF, Germany - At Eurobike gearbox specialists Pinion will launch the next generation e-bike drive gearbox together with introduction partner Stromer. In line with the current trend and as long time discussed in the industry, we expected that Pinion will present it first electronically shifting gearbox.
MUNICH, Germany - The first 'Made in Germany' pre-series parts production for Mocci's e-cargobike smart pedal vehicle (SPV) is underway. A pilot phase launch of the smart bikes is planned with selected B2B customers for fall 2022.
NANJING, China - E-bike controller manufacturer Nanjing Lishui has developed a dual drive controller offering maximum flexibility for customised settings. The system comes with a communication protocol for the controller and display.
