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Everything about Financial

  • Bike-sharing was viewed as a niche experiment for years. Today, it stands as one of the most underrated urban innovations, a tool that does far more than cut carbon emissions. - Photo Voi
    FinancialYesterday

    Voi revenue up 53% in Q3 as fleet grows 40%

    Scandinavian micromobility operator Voi Technology AB reported net revenue of EUR 88.2 million for the third quarter of 2026, up 53% year-on-year. Riders took 53.2 million rides on its shared e-scooters and e-bikes, compared with 37.4 million a year earlier.

  • FinancialYesterday

    Halfords cycling sales rise 8.3% in H1 of its financial year

    British retailer Halfords Group plc grew like-for-like sales in its cycling business by 8.3% in the first half of its financial year, faster than Motoring or Autocentres. Group like-for-like sales rose 7.1%, helped by summer demand for seasonal products. Halfords is keeping the full-year profit guidance it raised in August.

  • photo: Thule
    FinancialYesterday

    Tariff refunds lift Thule's margin as chairman steps down

    Swedish sports and outdoor company Thule Group raised its third-quarter operating margin to 20.0%, but mainly thanks to SEK 52 million (EUR 4.7 million) in refunded US import tariffs. Without them, the margin would have been 18.0%, in line with last year. The results come two days after the company's three largest shareholders pushed out chairman Hans Eckerström, who had planned to step down in spring 2027.

  • Photo Mips
    Financial22 Oct 26

    Mips sales jump 59% as helmet market prepares for 2027 recovery

    Swedish helmet safety specialist Mips AB posted a 59% surge in Q3 net sales to SEK 215 million (EUR 19.3 million), driven by a twelfth consecutive quarter of growth in its cycling division.

  • Cannondale22 Oct 26

    Cannondale moves global headquarters from the US to the Netherlands

    Pon.Bike-owned Cannondale is moving its global headquarters from Wilton, Connecticut, to Woudenberg in the Netherlands. The Wilton office will wind down by mid-2027, with global functions brought together in Woudenberg and in Freiburg, Germany, where R&D and engineering are already based.

  • Fox Factory19 Oct 26

    Fox Factory CEO steps down as 2026 outlook drops

    Mike Dennison steps down with immediate effect because of expected low third quarter results. Full year net sales were first estimated to be 1.42 billion to USD 1.47 billion (EUR 1.27 billion to EUR 1.31 billion).

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