Giant Group reported consolidated sales were NT$72.78 billion for the YTD period through November, a decrease of 15.8 percent compared to the 2022 corresponding period.
November revenues were down 28.1 percent to NT$5.47 billion, compared to NT$7.61 billion in November 2022. Still, the Taiwan-based bike manufacturing group, which reports in New Taiwan Dollar (NT$) currency, reported good news—the November sales trend was a sequential improvement from October when the company pointed to a sharp decline for the month (-34.4 percent) due to a reduction in order placements from OEM customers.
Photo courtesy of Giant Bicycles
