“Delivery issues a thing of the past,” says Canyon as 2017 profits surge

After two quarters, Canyon’s year-to-date gross profit has already outperformed 2016 levels by 25%, the firm has said, putting it on track to achieve 2017 revenue forecasts of €200 million.

In a press notice issued today (20/4) the firm outlined that the delivery issues it faced in 2016 are a thing of the past since bolstering its enterprise resource planning system. Now producing around 300 bikes per day at its newly opened factory, the firm describes shipping and delivery schedules as “running smoothly”.

In the same announcement the firm says it has now alleviated a production issue affecting its ShapeShifter rear shock, specifically developed for the Strive full-suspension build.

Daniel Oster, senior MTB product manager at Canyon says: “The initial quality problems with the ShapeShifter have been resolved, and we are pleased with numerous positive testimonials we’ve received from the bike’s demanding target group.”

Founder and CEO Roman Arnold added on 2017: “We are looking forward to a successful 2017 cycling season, which is gaining increasing traction now that spring has arrived in the northern hemisphere.”