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Article Date: March 2019
Word Count: 234

Giant Manufacturing Sales Gain in 2018 after Declines


The world’s largest bike maker returned to top line growth last year, powered largely by the growing worldwide demand for e-bikes, after two straight years of sales declined in 2017 and 2016. Giant finished 2018 with a solid final quarter, as profits than more than doubled to NT$1,206.1 million ($39.1 mm) in Q4 against NT$485.5 million on 14% higher revenues of NT$22,403.0 million ($725.5 mm) up from NT$19,573.9 million. Booming demand for e-bikes in Europe continued to drive sales gains, but the vast adoption of bike sharing in China weigh on revenues there, though Giant said sales on the mainland ... Log in to view full article.

 


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