– but components giant says key European market remains “firm” despite serious delivery problems
According to the somewhat mixed report, Shimano’s net bike component sales between January and June 2024 decreased year-on-year by 20.7 per cent to 162,594 million yen , and its operating incomes decreased by 42.2. per cent to 24,328 million yen . Focusing on Europe specifically, Shimano expects bike component sales to increase by 6.6 per cent from 66,000 million yen to 80,000 million yen in the first half of 2024 – a boost for the company after European sales dropped by 46 per cent in the same period last year.
“In addition, the Shimano Group received a favourable reception for its products, including a gravel-specific component Shimano GRX.”
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