This is a trade facing website. Visit the ACTís consumer site thecyclingexperts.co.uk for information and advice on cycling and find your local independent cycle retailer.

Search News

Results: 1-10 of 2044


21 Jan 2021

The following quick and easy guide to Click and Collect can be used by all retailers, even if those that don't have an ecommerce platform

21 Jan 2021

The call to regulate BNPL firms like Klarna, Laybuy and Clearpay is now supported by 70 MPs, with many arguing that the FCA review is too lengthy and could leave consumers drowning in debt

21 Jan 2021

November's 2020 vs 2019 retail finance sales showed the highest growth since May 2020, when the UK was in the very midst of the cycling boom. This positive trend is showing no signs of abating...

18 Jan 2021

The Welsh Government has published a white paper setting out its plans for a Clean Air (Wales) Bill, to protect the health of the nation and ecosystems from pollutants in the...

15 Jan 2021

Following today's Supreme Court ruling tens of thousands of small businesses will receive insurance payouts covering losses from the first national lockdown.

14 Jan 2021

The aim of Hubtiger is to help bike shops do better business by improving workshop efficiency, increasing revenue and enhancing the customer experience.

14 Jan 2021

Here at the ACT we are optimistic that the upcoming year will be one that is ultimately positive for the industry.

13 Jan 2021

Refocused assets for bike shops to display in-store for the safety of both customers and colleagues.

13 Jan 2021

The increase in the SUCB charge will not result in a cost increase for retailers.

13 Jan 2021

Can you answer these three quick questions to help us gauge how the cycling industry has fared throughout Christmas 2020 in comparison to Christmas 2019?

Back to news menu

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

Back to news menu

Add a comment

The ACT will not share your email address with anyone and it will not be published on the website.