Colnago 2023

April 29, 2024

Sales over 55 million, more than tripled in 3 years, and EBITDA at 25%

The financial statements of Colnago Ernesto & C. S.r.l. were approved today by the Shareholders’ Meeting. Both turnover (+33%) and, above all, EBITDA (+106%) are growing compared to 2022. The satisfaction of CEO Nicola Rosin.

Cambiago /ENDURANCE SPORTSWIRE/ – The Shareholders’ Meeting of Colnago Ernesto & C. S.r.l. has approved the company’s 2023 financial statements today. These are the most significant numbers: turnover at €55,715,101 and EBITDA at €14,015,100, or 25.15% of turnover.

The company’s growth trend continues in 2023 and leads to a turnover that has more than tripled since the 2020 acquisition by the new majority shareholders. The clear positioning at the top of the range of the drop bar segment of the cycling market, the strength of the brand of the historic bicycle company, which celebrates its 70th birthday this year, and the large global community of enthusiasts are just some of the drivers that have allowed this result economical which places Colnago among the excellence of the sector.

“Our mission is to be the most desirable bicycle brand in the world. At this point we obviously think we are on the right track – commented Colnago CEO Nicola Rosin – Colnago is a well-organized company, with capable managers and a great sense of belonging”.

“The opportunity to have two great teams in the World Tour for both men and women, UAE Team Emirates and UAE Team ADQ – continued Rosin – raises the level of their requests and stimulates us to improve our product on a daily basis. We also have ownership that wants success and constant growth, but obtains them in a healthy way: harmonious governance allows us managers to carry out our work in the most serene way possible. This is really worth a lot!”.

Media materials and contacts

🌐 Colnago website: https://www.colnago.com/

💌 Media contact: Cody@IGTstudio.com

Colnago

Colnago Ernesto & C. S.r.l., known as Colnago, is a high-end racing bicycle manufacturer founded in Cambiago (Milan), in 1954. The company has grown thanks to its ability to develop new technologies and projects on steel frames with conjunctions, working in close collaboration with the best professional cycling teams at the service of the greatest champions. Colnago soon revealed itself as one of the most creative and lively manufacturers of racing bikes, innovating and bringing its ideas into the world of cycling and experimenting with new and different materials including titanium and carbon fibre, now a pillar of modern bicycle construction. Among Colnago’s many victories – 14 Grand Tours, 405 stages in the Grand Tours, 43 Classic Monumentsor, 27 World Championships, 18 Olympic Gold Medals – Tadej Pogačar won both the 2020 and 2021 editions of the Tour de France riding a Colnago bike.