Shimano reports 16.8% fall in bike-related sales for Q1 of 2023
May 3, 2023
Shimano has released its financial results from Q1 of 2023, showing a 16.8% fall in sales in its bike division.
The company also reported it was down 31.8% in operating income in the same sector.
In its bike segment, net sales were 98,298 million yen – around £580 million – for the first quarter of 2023. BikeBiz
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