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MIFA-Bike Gesellschaft mbH Kyselhäuser Straße 23 06526 Sangerhausen, Germany http://www.mifa.de/
Contact Mr Mark Appoh +49 611 20585521
Company logo of MIFA-Bike Gesellschaft mbH
MIFA-Bike Gesellschaft mbH

MIFA publishes preliminary nine-month results: consolidated revenue at the previous year's level and marked operating earnings growth

(PresseBox) (Sangerhausen, )
MIFA Mitteldeutsche Fahrradwerke AG (WKN share: A0B95Y, ISIN share: DE000A0B95Y8), Germany's largest manufacturer of bicycles in terms of sales, reports consolidated revenue (IFRS) of EUR 97.7 million for the first nine months of the current financial year, thereby reaching the previous year's level (9M previous year: EUR 97.6 million). Year-on-year revenue decline for the third quarter amounted to 14.5 %.

"Our sales revenues in the summer quarter were not as high as expected due to a customerspecific acceptance delay. In view of the current new order intake, however, we anticipate acceleration during the fourth quarter," comments MIFA CEO Peter Wicht.

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