WELS, Austria - Pierer Mobility Group warns for more consolidations and job losses in its bicycle and e-bike division in the year ahead in its preliminary financial figures for 2023. The company did report a 9% increase in consolidated sales to a new record of almost €2.7 billion in 2023, but that increase was fully attributed to its motorcycle business.
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Pierer Mobility has announced that it will sell the Felt bicycle brand as it looks to focus even more strongly on the core powered two-wheelers business - BikeBiz