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Everything about Financial

  • WS We Sports Group opened its fifth Cykelkraft-branded brick-and-mortar store in May this year. - Photo Bikelease
    Financial10:30

    Sales and M&A strategy secures WS WeSports double-digit growth

    No signs of a crisis at WS We Sports Scandinavia, also known as WeSports Group. The Nordic sports-, outdoor-, and bicycle-retailer has been listed on the Nasdaq First North Premier Growth Market in Stockholm since the end of last year . After increasing its 2026 first-quarter revenue by 51.8% year-over-year, the second quarter reached a year-on-year 55% increase (21.6 % on a currency-adjusted basis).

  • “Our success is also backed by our specialist trade partners, international suppliers and partners along the entire supply chain, who have trusted us from the very beginning,” wrote Susanne Puello on LinkedIn. – Photo Raymon
    FinancialYesterday

    Raymon Bicycles back on growth track under founder ownership

    Brand founders Susanne and Felix Puello officially retook the reins of Raymon Bicycles in October 2023, when Pierer Mobility divested the business as its ill-fated run in the bicycle industry came to an end. In less than three years, the founders state that "our realignment is working", with sales growth and inventory reduction putting the brand back on track.

  • Bike24 states that 90% of its products are continuously in stock and can be shipped directly from its logistics centers in Dresden and Barcelona. – Photo Bike24
    FinancialYesterday

    Bike24 revenue up 20% in Q2 as European markets grow

    German online retailer Bike24 has seen its group revenue increase by 20.1% to €96.1 million in Q2 2026, compared with €80.0 million in Q2 2025. Localised markets delivered a significantly above-average growth rate of 29.7%. The D2C retailer continues to expand its footprint across Europe with new localised online shops in Denmark, Slovenia and Ireland.

  • Photo Canva AI
    Column14 Aug 26

    From factory floor to trading floor: What comes after the capital?

    How Tenways, Fuji-Ta and the Accell deal are testing Asia's next role in cycling.

  • Sales remain weak, particularly in the fox Factory’s bicycle-related SSG division, while cost-cutting is improving profitability. - Photo Fox Factory
    Financial13 Aug 26

    Fox Factory raises 2026 outlook as Q2 revenue remains under pressure

    There are still no larger signs of recovery at the publicly-traded Fox Factory Holding Corp. In its second sales quarter 2026, the US-based suspension expert posted net revenue of USD 358.12 million (€309.82 million). Compared to the same period last year, this represents a 4.5% decline. Sales remain weak in the company's bicycle component division.

  • Investments in automation and increased brand awareness are key strategies of Fujita’s IPO. – Photo Shutterstock
    Financial12 Aug 26

    Chinese OEM manufacturer Fujita celebrates successful IPO

    The initial public offering (IPO) of Tianjin Fuji-Ta Bicycle Manufacturer Co., Ltd. known domestically as the "Foxconn of the bicycle industry" on 6 August on the Shanghai Stock Exchange (SSE) was quite impressive. The offering price of CNY 17.46 (€2.28) soared to a high of CNY 45.45 €5.94) on the day of the IPO, but then settled down again over the course of the week.

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