Derby Cycle boosted by e-bikes

2011-03-04T00:00:00

Derby Cycle booked a 30.5 percent increase in revenues to €38.7 million in the first quarter ending Dec 31, boosted by sales of electric bicycles. In the three-month period, the company sold 80,500 bicycles, up by 5.8 percent year-on-year, and 11,000 e-bikes in Germany, up by 139.0 percent. A further, ...

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