GIANT and Merida’s March Revenue Growth Significantly Increased from the Same Period of Last Year

photo©giant

QIcycling reported that the two major brands of bicycles in Taiwan, GIANT and Merida, recently announced their March revenue growth compared with the same period of last year.

GIANT announced that its consolidated revenue in March was NT$5.5 billion 71.468 million, an increase of 5.78% from the same period last year. From January to March, consolidated revenue was 13.9 billion 49.32 million New Taiwan dollars, an increase of 3.29% year-on-year.

Merida statistics showed that the consolidated revenue in March was NT$2,321.19 million, which represented a year-on-year increase of 19.56% and sales of 116,0007 units, a decrease of 9.86% from the same period of last year. From January to March, the accumulated revenue was NT$5,713 million, which was an increase of 20.37% over the same period of last year. Cumulative sales of 2.8 billion 18 units, a decrease of 16.50% over the same period last year.

The main factor for the growth of the two brands lies in the demand of Europe’s EBIKE market. In March, Merida sold bicycles in Europe and the United States, and EBIKE revenue reached 2 billion 27,910,000 Taiwan dollars, an increase of 44.18% over the same period of last year, and sales of 90,547 units. 23.39%. From January to March, it exported bicycles from Europe and the United States, and EBIKE revenue was NT$4,846,600,000, an increase of 37.98% year-on-year, and accumulated sales of 21,1699 units, an increase of 9.93% year-on-year.

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