BIKE FUN International increases profit

Published: 04.12.2020 Related countries:  New Zealand New Zealand, Australia Australia

The company recorded a 39% increase in sales and plans to expand its production capacity and to hire more employees.

Kopřivnice-based BIKE FUN International (BFI) recorded a 16% y/y increase in EBITDA to EUR 6.7m in FY2020. Revenue totalled EUR 87.8m (up 4%). The company sold 172,639 bicycles and e-bicycles in total. In the segment of electrically driven bicycles, the company recorded a 39% increase in sales to more than 49,000. In the next period, the company plans to expand its production capacity and to hire more employees. The company expects better sales in the Czech Republic, Benelux and Switzerland in the 2021 fiscal year.  

Source: Daily news | ČIA news
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