STOCKHOLM, Sweden- For the bicycle industry 2023 has been a tough year with over-supply and full warehouses clashing with a dropping consumer demand. Taking a look at the 2023 financial results of Mips AB, GoPro Inc. and BikeBeat & Sports GmbH it becomes clear that last year has been indeed challenging. But the fourth quarter results seem to suggest there is some light at the end of the tunnel.

STOCKHOLM, Sweden - While the corona pandemic forced market leader Shimano Inc. to shift down a couple of gears, two Swedish industry participants, Thule Group AB and MIPS AB, were able to keep their first interim quarter results on a solid (Thule Group) and still promising (MIPS) base.

TÄBY, Sweden - In the first half of 2019 safety products supplier MIPS reported hiking results. However, the harsh US import tariffs on Made in China products slowed down sales in the third quarter. The Swedes still are confident about the overall 2019 financial results and the outlook for 2020.

The launch of Trek and Bontrager helmets featuring the licensed WaveCel technology is creating lots of discussions among helmet brands. According to Trek, "The WaveCel technology is up to 48 times more effective at preventing concussions than a regular EPS helmet." This claim not only provokes discussions,