Worrying figures
Euro-Cycles has recorded sluggish growth for Q2 2016, with revenues decreasing by 6.4% to TND20.25m, bringing up the YTD growth rate to 4% (yoy) since the beginning of the year. Over Q2 2016, the production volume declined by 16.6% compared to Q2 2015, to reach 111.9k bikes, recording a decrease of 7% over H1 2016. Over the first six months, investments increased by 49% to TND1.6m, corresponding mainly to the acquisition of transport equipment and the completion of a new building to be used for storage and for the production of frames.
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