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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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Results: 1-10 of 1818


21 Jan 2020

The ACT are back at iceBike* for 2020 and will be on hand to explain to IBDs how Ride it away retail finance partner V12 can help to maximise sales and profits

21 Jan 2020

The Committee of the APPCG will be changing their name to the All Party Parliamentary Group for Cycling and Walking

20 Jan 2020

On the 12th November the APPCG is hosting the first ever Cycling Showcase in Parliament

20 Jan 2020

Recent findings show that over 40 per cent of shoppers areunaware that missing payments when using a Buy Now Pay Later service could harm their credit score.

15 Jan 2020

This years iceBike* will once again see The Bike Shop take up a central position to help advise retailers on POS and merchandising best...

15 Jan 2020

At £8.72 per hour, the National Living Wage will rise by 51p in April from its current rate of £8.21

17 Dec 2019

Retail Week Live is an inspirational two-day retail conference that provides leaders with the ideas, insight and networks to lead through digital transformation and win greater consumer...

12 Dec 2019

There is now less than one month remaining for UK-based independent bike shops to participate in CI.N's annual Retail Channel Study

12 Dec 2019

The UK general election is happening today on the 12th December 2019.

11 Dec 2019

The Strava "Year in Sport" report was published on Wednesday and released various statitstics about cyclists across the UK

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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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