Pon declares 'robust' 2023 performance despite bike market correction
AMSTERDAM, The Netherlands - Following a historic year in 2022, the bike division of Pon Holdings has reported a 5% drop in 2023. Referring to the 'sharp correction' in the bicycle market during 2023, turnover in the Pon Bike division decreased by €100 million. However despite the pressure on prices and margins, "most of our quality brands managed to hold their own thanks to their strong market positions," explains Janus Smalbraak, CEO of Pon Holdings.



















