Merida's Q1 Net Profit Down 20%, EPS NT$1.09
Bicycle manufacturer Merida's Q1 financial results show consolidated revenue of NT$5.3 billion and net profit of NT$330 million, with EPS of NT$1.09. Revenue and profit decreased by 30% and 22% year-on-year respectively due to a high base period. The European market is showing signs of recovery with new product launches.
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 19:27
- 🔍 Collected: May 13, 2026 at 19:32 (4 min after Published)
- 🤖 AI Analyzed: May 14, 2026 at 01:10 (5h 38m after Collected)
Central News Agency
(Central News Agency reporter Pan Zhi-min, Taipei, 13th) Bicycle manufacturer Merida today announced its first-quarter financial report. The group's consolidated revenue was NT$5.3 billion, and net profit attributable to the parent company's owners was NT$330 million, with earnings per share (EPS) of NT$1.09. Due to the high base period in the same period last year, revenue and profit decreased by 30% and 22% respectively compared to the same period last year.
Merida stated that as market inventory gradually returns to a healthier level, the company has accelerated its new product layout, launching new bicycles globally at the end of the first quarter to actively seize market opportunities. Among them, the European subsidiary's revenue in the first quarter of 2026 increased by 16% compared to the same period last year, showing that the launch of new products and market strategies are gradually yielding results.
Merida pointed out that it will continue to monitor changes in various regional markets, flexibly adjust its business strategy, and continue to manage inventory and operational risks to steadily promote the overall operational development.
Merida noted that its Taiwan plant mainly handles orders from European and American markets. The global market is currently in the late stage of inventory adjustment and demand recovery. To maintain a healthy inventory level across channels and cooperate with the pace of new product launches, the company adopted a more cautious strategy for order acceptance and shipment planning this year to avoid additional inventory pressure on channels later.
As for the Chinese market, Merida explained that recent sales performance has been relatively stable, but the overall market environment has not yet seen significant comprehensive changes. Subsequent observation is needed on terminal demand and inventory adjustments among various brands in the market. (Editor: Zhang Junmao) 1150513
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(Central News Agency reporter Pan Zhi-min, Taipei, 13th) Bicycle manufacturer Merida today announced its first-quarter financial report. The group's consolidated revenue was NT$5.3 billion, and net profit attributable to the parent company's owners was NT$330 million, with earnings per share (EPS) of NT$1.09. Due to the high base period in the same period last year, revenue and profit decreased by 30% and 22% respectively compared to the same period last year.
Merida stated that as market inventory gradually returns to a healthier level, the company has accelerated its new product layout, launching new bicycles globally at the end of the first quarter to actively seize market opportunities. Among them, the European subsidiary's revenue in the first quarter of 2026 increased by 16% compared to the same period last year, showing that the launch of new products and market strategies are gradually yielding results.
Merida pointed out that it will continue to monitor changes in various regional markets, flexibly adjust its business strategy, and continue to manage inventory and operational risks to steadily promote the overall operational development.
Merida noted that its Taiwan plant mainly handles orders from European and American markets. The global market is currently in the late stage of inventory adjustment and demand recovery. To maintain a healthy inventory level across channels and cooperate with the pace of new product launches, the company adopted a more cautious strategy for order acceptance and shipment planning this year to avoid additional inventory pressure on channels later.
As for the Chinese market, Merida explained that recent sales performance has been relatively stable, but the overall market environment has not yet seen significant comprehensive changes. Subsequent observation is needed on terminal demand and inventory adjustments among various brands in the market. (Editor: Zhang Junmao) 1150513
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