MONTREAL, Canada - For Dorel Sports the consumer demand for all bicycles brands in all categories remained high during the third quarter of this year. As a result the company reports a year-to-date revenue of its sports business of US$891.3 million (€169.9 million),
WOUDENBERG, The Netherlands - Cannondale is currently at the forefront of the news, following the recent announcement of Pon Holdings' planned acquisition of Dorel Sports before the end of Q1 in 2022. Cannondale is adding to the excitement by announcing the opening of a new assembly sites in the Netherlands and the US.
MONTREAL, Canada - Dorel' sports division which market brands including Cannondale, GT, Schwinn and Mongoose, reports an ongoing increase in sales. For the first quarter of the year, turnover increased by 43.6% year-on-year to US$270.3 million.
WOUDENBERG, The Netherlands - Extreme market fluctuations, a new business model overhaul, repositioning of the brand... it has been a busy couple of years for Cycling Sports Group (CSG) Europe and its leading brand, Cannondale. From the new headquarters in Woudenberg, the Netherlands, the company is now preparing for the next stage in its growth. Upstream investments are on the horizon.
MONTREAL, Canada - Dorel Industries Inc. announces boosting sales results for its Sports division (including Cannondale, Schwinn, GT, Mongoose, Pacific Cycles and Caloi) in 2020. For the year, Dorel Sports' revenue increased by $135.7 million, or 14.9%, to $1,045 million and a gross profit of $230 million.
MONTREAL, Canada - The impact of COVID-19 worked out very well in the third quarter results for Dorel Industries. Dorel' sports division with market brands including Cannondale, GT, Schwinn and Mongoose achieved the highest earnings in its history.
