Belgian folding bike brand Ahooga doubled its sales in 2026, and dealer pre-orders for 2027 are on track to double again. More than 40 dealers joined its network this year, a year after a EUR 5.5 million funding round.
Garmin grew revenue in its fitness segment, which includes Edge cycling computers, by 16% to USD 694 million (EUR 620 million) in the third quarter. The group raised its full-year revenue forecast to USD 8.15 billion (EUR 7.28 billion).
Japanese component maker Shimano has raised its full-year operating income forecast for bicycle components by 10%, from JPY 39.0 billion to JPY 42.9 billion (EUR 244 million). Bicycle component sales rose 4.6% to JPY 278.4 billion (EUR 1.59 billion) in the first nine months of 2026, but fell 0.5% excluding currency effects.
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.
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.
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.
