Stock-listed e-commerce bicycle retailer Bike24 Holding AG has gotten off to a strong start in the new year. The Dresden-based company posted not only first-quarter double-digit growth, but also a significant improvement in adjusted EBITDA.

Laka is continuing its aggressive expansion in the bike insurance business with its acquisition of UK specialist insurer VeloLife, marking the company's fourth acquisition since 2023. This is the company's first publicly announced deal tied to its recently expanded M&A (mergers and acquisitions) strategy.

Sales at Taiwan's third largest bicycle manufacturer Ideal Bike Corporation, follow a similar trend as the country's two other main producers Giant and Merida. In January, sales suffered a sharp 53% year-on-year decline; in February, they saw a 17% decline, followed by another 31.4% decrease in March. Even though these three companies' sales continued to decline by double digits compared to January-March 2025, they appear to have shifted into the lowest gear.

Merida Industry's first quarter 2026 results show the company is absorbing a significant year-on-year sales decline as it works to mitigate the industry downturn. The Taiwanese company reported Q1 revenue of NT$5.49 billion (€147 million), down around 27% year-on-year, following a rollercoaster start to the year. Sales fell sharply by 44% in January and 22% in February, before easing to a 17% decline in March, hopefully an early indication that the steepest phase of the downturn is passing.

The persistent difficulty of the economic conditions in the bicycle industry has forced German rim producer Schürmann to close down its operation.

Giant Group's financials continue to reflect the significant headwinds the industry is facing as the glut drags into a third year. The company reported Q1 2026 revenue of NT$12.52 billion (€336 million), down around 25% year-on-year, following steep monthly declines of more than 20% in January and 40% in February.