Kellys coped well with slump in demand for bicycles

Bicycle maker Kellys (Michal Divinec) posted a 38% drop in net profit to €2.9m last year, while sales rose 5% to €48.9m. It coped well with the slump in demand after the pandemic boom. It expects further growth in demand this year, especially for high-margin e-bikes.

(hnonline.sk)