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The Association of Cycle Traders
This is a trade facing website.
Visit the ACTís consumer site at thecyclingexperts.co.uk.

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19 Aug 2019

Cytech will be demonstrating key practises in bike maintenance at The Cycle Show 2019 that will be useful for both the trade and public.

16 Aug 2019

New for 2019, the Cycle Show are running a trade facing conference, "Show me the money: How to prosper in challenging times"

14 Aug 2019

With less than three weeks to go until Cycle September, Love to Ride have announced a few things to get you motivated!  

12 Aug 2019

The ACT has been shortlisted as a finalists for the Cycle Advocacy Award!

12 Aug 2019

The free cycling Marketplace which has been built for the local bike shop community and public alike.

9 Aug 2019

Small businesses are encouraged to think big for Small Business Saturday!

8 Aug 2019

After 15 years at the helm of Cytech at ATG Training, Julian Thrasher (aka Jules), is moving on to a new role at Madison.

8 Aug 2019

Cycle to Work Day is back for it's seventh year

7 Aug 2019

All councils within England were requested to provide details of how many businesses had been taken to court for non-payment of their business rates during the 2018/19 financial year....

6 Aug 2019

Love to Ride are back with Cycle September as an initiative to encourage
thousands of individuals and businesses around the globe to enjoy all
the benefits of bike riding. The aim...

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e-Bike sales account for more than 30% of Giant's quarterly earnings

Posted on in Brands & Products News , Cycles News

As reported in CyclingIndustry.news , e-bike sales account for more than 30% of Giant's revenue in the first quarter of 2018.

Like-for-like, Giant's revenues rose 3.2% to $466.5 million, largely driven by the sale of pedal assist cycles.

Giant logoHowever, the revenue growth was impacted by new Taiwanese tax rates which saw net takings after tax slump by 50% year-on-year. Net income before tax declined 17% to $19.3 million.

The shift in tax rates saw Giant paying 20% over the prior year's 17%, something which equated to a $4.9 million in lost net after-tax takings.

"If (we) exclude the income tax effect, first-quarter net income after taxes would have declined (only) 22 percent," said the investor relations PR.

In the United States and Japan, first quarter sales were said to be impacted by unseasonal weather. Over in China, the continued ripple effect of bike share remained a burden on the low-end, though Giant has seen progress on higher-ticket lines.

Going forwards, Giant forecasts continued double-digit growth on electric bikes, with the majority of sales predicted to come from Europe and North America.

 

Reader Comments (1)

Interesting % sales mix from the largest bike company

P.G., 17 May 2018

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