US EditionCanyon sales down 5% in first half
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Canyon sales down 5% in first half
KOBLENZ, Germany (BRAIN) — Canyon’s sales in the first half were 398 million euros ($464 million), down about 5% from the first half last year. The company’s largest investor, Groupe Bruxelles Lambert (GBL), said Canyon sales softened due to market conditions while profitability was affected by discounting and expenses due to a one-time quality issue with an e-bike model. Canyon’s earnings before interest, taxes, depreciation and amortization (…
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