theguardian.com
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Brompton Profits Plunge 99% Amid Bicycle Market Turmoil
Brompton Bicycle's profits plunged 99% to £4,602 in the year to March 2024, due to reduced sales (down 5.3% to £122.6m) amid industry-wide overstocking and discounting following the pandemic, forcing the company to halt expansion plans and cancel dividends.
Brompton Profits Plunge 99% Amid Bicycle Market Turmoil
Brompton Bicycle's profits plunged 99% to £4,602 in the year to March 2024, due to reduced sales (down 5.3% to £122.6m) amid industry-wide overstocking and discounting following the pandemic, forcing the company to halt expansion plans and cancel dividends.
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