But Shimano expects little growth in 2003. Click within for the headline figures, and an Excel file containing Shimano's financial results, including a projection for the rest of this year.

Shimano’s cycle component sales grew 10 percent in 2002

Shimano Group turnover in bicycle components for 2002 totalled €756.3m compared to €686m the year before.

Bicycle-related sales accounted for 70 percent of Shimano’s total turnover of €1078m. Shimano also makes fishing reels and rods; golf clubs; snowboard boots and bindings; and car engine components.

Shimano’s ordinary profit increased by nearly 50 percent to €150m with after-tax profit increasing 43 percent to €64.5m.

As can be seen from the Excel file available from the link below, Shimano’s projected sales for 2003 show that the Japanese manufacturer expects a less than 2 percent growth in bicycle related sales.


For a Feb 15th interview with Kozo Shimano – which includes news on the DuraAce group for 2004 and background info on Shimano’s auto and fishing interests – go to:


In other news...

New Cycle to Work scheme Gogeta launches with ‘lowest commission in the industry’ 

A new Cycle to Work scheme provider Gogeta has officially launched, offering the ‘lowest commission …