Colnago sales triple in 3 years to over €55 million

Both turnover and EBITDA were significantly up for Colnago Ernesto & C. S.r.l in 2023, in its latest financial statements.

Notably, turnover has more than tripled since the 2020 acquisition by majority shareholders. 2023 stats indicated that turnover was up 33% on 2022 numbers, to €55,715,101. Crucially,  EBITDA was up 106% on 2022, to €14,015,100 – or 25% of turnover. This year, Colnago celebrates its 70th anniversary, with the brand enjoying a global community of enthusiasts.

“Our mission is to be the most desirable bicycle brand in the world. At this point we obviously think we are on the right track,” said Colnago CEO Nicola Rosin. “Colnago is a well-organised company, with capable managers and a great sense of belonging.”

“The opportunity to have two great teams in the World Tour for both men and women, UAE Team Emirates and UAE Team ADQ – continued Rosin – raises the level of their requests and stimulates us to improve our product on a daily basis. We also have ownership that wants success and constant growth, but obtains them in a healthy way: harmonious governance allows us managers to carry out our work in the most serene way possible. This is really worth a lot!”

Colnago was acquired by Abu Dhabi-based investment firm Chimera Investments LLC in mid 2020.