[Micromobility Pro] Canyon reported €792m revenue and a €38m net loss in 2024, with continued pressure from oversupply, discounting, and e-MTB quality issues reducing its valuation to €520m by Septemb

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	Forwarded this email? Subscribe here for more Canyon's 2024 Revenue at €792M [Micromobility Pro] Canyon reported €792m revenue and a €38m net loss in 2024, with continued pressure from oversupply, discounting, and e-MTB quality issues reducing its valuation to €520m by Septemb Nov 7   READ IN APP   Welcome to Micromobility Pro, a bi-weekly publication which is part of The Micromobility Newsletter, where we deep-dive into the financials of micromobility companies and share exclusive insights tailored for professionals and members. Upgrade to paid Micromobility Europe 2026 Micromobility Europe is back in Berlin, the city where it all began. Join us on June 2–3, 2026 at Arena Berlin for two action-packed days of keynotes, panels, demos, and hands-on networking with the brightest minds in mobility. Explore the future of urban transport with live product launches, a full-scale test track, and discussions on everything from last-mile delivery to the 15-minute city. Missed the Launch Discount? Get Micromobility Europe Tickets for Just €299 - Limited Time Offer! Get Your Ticket 🏢 Early Bird Rates for Exhibitors: Limited Time Offer Ends Soon! Book your spot today! 🎙️Note to speakers: Applications will close earlier than usual this year due to high demand. We encourage you to submit yours soon. [Sponsor/Exhibit] | [Speak at the Event] | [Exhibit as a Startup] Spots are filling fast! secure yours today and be part of Europe’s bespoke event for all things micromobility. Contents History: From Humble Beginnings to a Global Brand Chart: History of Canyon Bikes GBL Acquisition 2024 & H1 2025 Performance Chart: Revenue, EBITDA & Market Valuation Chart Canyon Group 2020 - 2021 Financials Chart: Sales Revenue vs Net Income (2005-2021) The Pandemic’s Impact on Performance and Strategy Cash Flow & Inventory (2020-2021) Liability Structure & Bank Debt Canyon Bicycles Standalone Company Financials 2022 & 2023 Conclusion History: From Humble Beginnings to a Global Brand Founded in Koblenz, Germany, Canyon began in the 1980s as a small bike parts operation run by Roman Arnold, before evolving into a manufacturer known for precision-engineered performance bikes. The company built its reputation in road racing and mountain biking, later expanding successfully into gravel and e-bike categories. A defining pillar of Canyon’s growth has been its direct-to-consumer (D2C) online model, allowing it to offer premium, competition-level bicycles at sharper price points than traditional dealer-based brands. Over time, Canyon has become one of the most influential modern bike brands globally, backed by world-class athletes, innovative product design, and a digitally-driven customer experience. GBL Acquisition In December 2020, Groupe Bruxelles Lambert (GBL) signed a definitive agreement to acquire a majority stake of roughly 50% in Canyon for €400m. As part of the transaction, GBL acquired the interest held by private equity firm TSG Consumer Partners, which fully exited its position. Founder Roman Arnold remained a significant shareholder and reinvested a large part of his proceeds alongside GBL. Roman Arnold continued in the business, serving as Chairman of the Advisory Board rather than CEO. At the time of signing, Canyon had grown to over €400m in sales (pre-deal) with an average annual growth rate of ~25% over the prior seven years. 2024 & H1 2025 Performance Subscribe to The Micromobility Newsletter to unlock the rest. Become a paying subscriber of The Micromobility Newsletter to get access to this post and other subscriber-only content. Upgrade to paid A subscription gets you: Access to Micromobility Pro newsletter and full archive Annual Plan gets Access to Members only Slack and discounts on Event tickets Access to Micromobility Pro section on our website   Like Comment Restack   © 2025 Micromobility Industries 1000 Brussels Unsubscribe