Merida Industry: European Subsidiary Revenue Grows 13% Amid New Product Launches and Market Recovery

Taipei, June 24 — Merida Industry stated today that its European subsidiary saw a 13% year-on-year revenue increase in the first five months of this year, signaling a clear improvement in sales momentum driven by new product launches and recovering market demand.

At the annual shareholders' meeting, Merida noted that as European inventory levels return to a healthy range, the supply-demand structure of the bicycle industry is stabilizing. The company is accelerating its new product strategy to capture market opportunities.

Merida Group reported a consolidated revenue of NT$26.757 billion for the previous year, with a net profit after tax of NT$1.216 billion and earnings per share (EPS) of NT$4.01, marking a turnaround from loss to profit. Shareholders approved a cash dividend of NT$2.8 per share today.

Beyond Europe, the Chinese market has stabilized. Boosted by demand for entry-to-mid-level bicycles, cumulative sales volume in China for the first five months of 2026 grew by 11% year-on-year, with revenue up 4%. Merida intends to maintain strict inventory management and operational efficiency to adapt to market shifts.

Merida explained that inventory adjustments are nearing completion. To prevent overstocking, the company will exercise cautious control over shipment volumes. With the clearing of old stock and a higher proportion of new product sales, combined with more stable exchange rates, gross profit margins are expected to show continued improvement.