High-precision gear and component manufacturer hGears AG started 2026 as expected: the publicly-traded company was aware in advance that it would not be able to achieve exceptional growth amid geopolitical uncertainties and the resulting strain on economic momentum. So even though first-quarter revenue for 2026, at €23.4 million, was 6.9% below the comparable period last year, it was still within the company's expected range.

The Italian bicycle market closed 2025 in negative territory, confirming what now appears to be a structural downturn. Data released by Confindustria ANCMA and presented at Pirelli's advanced bike tyre manufacturing facility in Bollate near Milan, show total sales of 1.3 million units, down 4% year on year.

Robust sales for Shimano Inc. in Europe compensated for weak demand in North America and Asia in 2025. Similarly to its 2024 results, differences across markets were again significant. Despite challenging market conditions, strong sales in Europe were unable to prevent a major decline in operating income overall. The medium-term trend shows Shimano's revenue is well above pre-covid level, but the operating income and net income to the owners are both substantially lower. Shimano is the first to publish its financial results but not many will present such stable figures.

A drastic reorganisation during the current market disruption was unavoidable for Campagnolo. The Italian component manufacturer felt the urge to issue a statement this week, following months of wild speculation, including the suggestion of a large-scale lay-off. "Currently, the company is being reorganised, after the financial structure was defined together with all relevant stakeholders," writes Campagnolo. "The Campagnolo family is directly involved in this process and continues to invest an undisclosed amount in the project."

TACHERTING, Germany - An investor has secured the future of bicycle component brand Syntace and the off-road bicycle brand Liteville. The new entity, SL International, has acquired all assets of both entities and was given a temporary helping hand from a well-known German industry participant for the acquisition. No details were provided on the purchase price.

PESCANTINA, Italy - Pon.Bike Italia, the Italian subsidiary of the Pon.Bike group, has announced its exclusive distribution of OneUp Components in the Italian market. Under the new agreement, Pon will become the sole authorised distributor of OneUp Components in Italy starting January 2026.