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Bike Fun expects revenues of CZK 1.6bn

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Kopřivnice-based bicycle manufacturer and retailer BIKE FUN International (BFI) expects to post roughly CZK 1.6bn in revenues for the 2016 fiscal year (from July 1, 2015 to June 30, 2016); this would represent a y/y increase of 25 %. In 1Q 2016 revenues reached CZK 458m, up 40 % y/y during this period. This was stated for ČIANEWS by sales director Martin Guráš, who added that BFI products are sold in more than 30 European countries and that key markets are Holland, Scandinavia, Germany and the Czech Republic. Exports account for roughly 85 % of annual turnover.


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