NEWS HUB
Pierer Mobility predicts ‘significantly negative result’ in bicycle segment for 2024
PIERER Mobility, the parent company of Pierer New Mobility and e-bike brands GasGas and Husqvarna, is predicting a ‘significant’ downturn in the performance of its bicycle sector for 2024. In its adjusted guidance for the 2024 financial year, the company’s executive board anticipates a negative EBIT of € -110 to € -130 million in its bicycle division. This equates to a 15% decline in sales. A spokesperson for Pierer Mobility commented: “During the coronavirus pandemic, demand for bicycles rose rapidly, leading to overheating in the bicycle market and disruptions throughout the entire supply chain. As a result, our own stocks and those of suppliers and dealers
Eurobike trade visitors up year-on-year but exhibitor numbers fall
THE 32nd edition of Eurobike saw a slight rise in trade visitors, as the annual festival returned to Frankfurt for the third year in a row. A total of 35,080 trade personnel visited the event, a 0.95% increase on 2023’s 34,750 attendees. Although trade numbers are up year-on-year, they are still not
at pre-pandemic levels with the 2019 show in Friedrichshafen seeing 39,834 people from the industry attending. Exhibitor numbers were down from more than 1,900
in 2023, to just over 1,800 this term. It remains a very international event with 60 nationalities attending, of which 35% were non-European participants. The 33rd Eurobike will take place at Messe Frankfurt from Wednesday, June 25, to Sunday, June 29, 2025.
reached record levels. “The reduction of these inventories to a normal level is continuing, while at the same time massive pressure is being exerted on sales prices. “Due to these developments, the extraordinary impairment and restructuring requirements in 2024 will lead to a significantly negative result in the bicycles segment.” Pierer is best-known for its brands in the
motorcycle market as the parent company for KTM, GasGas, Husqvarna, MV Augusta and WP suspension. This division is also seeing a downward trend with a decline in sales of 10% expected.
Schwalbe converts 70% of its range to circular tyres
FROM now on, 70% of all Schwalbe tyres will be made with recycled carbon black (rCB). The rCB is a product of Schwalbe’s recycling system and replaces 100% fossil-based carbon black. In this way, 80% CO₂eq is saved. The rCB comes directly from Pyrum Innovations AG, the company where the recycling process takes place.
Thanks to the widespread use of rCB, Schwalbe’s high-end
tyres for road, gravel, and MTB, as well as city and cargo bikes are now becoming circular. This includes the Pick Up, Green Marathon, Tacky Chan, G-ONE RX and Pro One models. Tyres with the Addix Ultra Soft rubber compound and Active Line tyres do not yet use rCB. Schwalbe says this is not yet possible without compromising on quality.
Bikebook partners with Bikmo to offer insurance
BIKEBOOK has announced a strategic partnership with consumer and commercial insurance provider Bikmo. Through this collaboration, bike repair businesses can integrate insurance offerings into Bikebook’s Workshop management system. This partnership is designed to not only benefit bike repair businesses by providing a
12 | August 2024
new revenue stream through affiliate channels, but also enhance the overall customer experience by offering insurance directly through the Workshop platform. Since its inception in 2021, Bikebook has facilitated thousands of booking enquiries and established a network of more than 1,100 registered mechanics across the UK.
www.bikebiz.com
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