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

Search News

Results: 1-10 of 1747


19 Jul 2019

At the beginning of July ATG Training visited Scotland to carry out a number of Cytech technical two assessments, enabling experienced bike mechanics living and working there to gain the...

4 Jul 2019

The annual search to find Britain’s Best Small Shop, a competition managed by the Independent Retailers Confederation (IRC), begins today with a focus on consumer engagement and how...

25 Jun 2019

The plans for a new Thames walking and cycling crossing from Canary Wharf to Rotherhithe in London have been halted due to the rising costs

25 Jun 2019

Survival has been the primary focus of many bike shops, but what if you are looking to grow?

24 Jun 2019

Local Bike Shop Day celebrates independent bike shops all around the UK

24 Jun 2019

New research estimates the effect of e-bikes on miles travelled and greenhouse gas emissions

20 Jun 2019

The definitive guide to safer cycling is a four part series that offers crucial information on important cycling safety statistics as well as helpful tips and advice

12 Jun 2019

The Government recently announced the introduction of e-bikes into the Cycle to Work scheme. The addition of e-bike within the Cycle to Work scheme could help more commuters turn to greener...

12 Jun 2019

The e-bike market is forecasted to grow further across the UK competing with the car for short distances.

12 Jun 2019

The APPCG hope you can join their next meeting on the industrial case for cycling

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.