For Austrian KTM Fahrrad GmbH, the financial year 2024/2025 was still a challenging time. According to the company's financial statements, filed only last week, KTM Fahrrad reported a nearly 14% decline in revenue from € 425 million in 2023/2024 to €365 million in the 2024/25 fiscal year. The company's results in this fiscal year were still heavily influenced by massive discounting campaigns.
Although the recovery of overall demand at Taiwanese listed bicycle manufacturers Merida Industry Co. Ltd. and Ideal Bike Corporation is taking longer to materialise, industry peer Giant Manufacturing Company Ltd. saw revenue reach its highest level in 15 months in June. However, Giant's revenue in the first half of 2026 was still 10.5% lower year on year.
Merida Industry has announced that Vansen Tseng, the company's President, has resigned from his position due to personal career planning, effective July 17, 2026. "To ensure the continued smooth execution of business operations and management activities, the position will be assumed on an interim basis by Michael Tseng, the Chairman of the Merida Group," the company confirmed to Bike Europe.
The first half of 2026 continued to be plagued by global crises and geopolitical tensions. Despite ongoing economic and political turmoil, global stock markets managed to rally after some back-and-forth. AI, energy and healthcare were the main drivers of global stock markets from January to June, as bicycle-related stocks were unable to keep pace. Find out here why.
The Shanghai, China-based e-drive manufacturer Ananda Drive Technology reported a year-on-year revenue increase from CNY 1,528.34 million (€197.22 million) in 2024 to CNY 2,004.28 million (€258 million) in 2025. Compared with the revenue growth, the income increased only marginally by 4.7% to CNY 115.04 million (€14.8 million) in 2025. This had severla clear causes, according to Ananda.
Brompton has brought in two new strategic investors as the British folding bike manufacturer looks to accelerate international expansion following a challenging period for sales. Decathlon Pulse, the investment arm of Decathlon, and Shanghai-based BA Capital have each acquired minority shareholdings through a secondary liquidity transaction, becoming long-term strategic partners while leaving Brompton's ownership structure and management unchanged.
