The product range is wide, and consists of, among other things, triathlon equipment, heart rate monitors and electric bikes. However, this does not help increase the demand for bicycles and other sports equipment.
Bikeshop’s brand new annual accounts for 2022 show an annual result of approximately negative NOK 683,000, which is a significant drop from the previous year which could show a result of NOK 25.2 million.
Revenue ended at NOK 277.5 million, compared to NOK 292.2 million in the previous year.
The company sells a good amount through the website, but also has two physical stores in Oslo and Skopome.
Bikeshop, started by former national team cyclist Haakon Leyland in 2006, specializes a lot in racing bikes and other outdoor gear. The company especially in 2020 and 2021 has been building a cash pile.
And the company has seen an influx of millions during the pandemic, when there were closed gyms, fear of infection and lots of downtime in quarantine, which made people really take up other hobbies.
Today the face has turned upside down. Undoubtedly, retail is in a tough spot, and many sports companies are struggling to sell their inventory as a result of low discretionary consumption among the population.
|The result is before taxes||-872,914||32.4|
|The result after tax||-682,649||25.3|
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