Bike sales bring DHS turnover to 20m euros

Hunedoara-based group DHS, which manufactures bicycles and sells scooters & ATVs, forecasts sales worth around 20 million euros this year, double the level registered in 2006. “This year’s rise in turnover will largely be prompted by the high number of orders for bicycles, which come from our business partners in France, Holland, Germany and Hungary,” Lucian Contras, executive manager of Eurosport DHS, a member of the DHS group, told ZF Transilvania. The DHS group owns both Deva-based Eurosport DHS (which manufactures, distributes and sells sporting equipment) and Petrosani-based DH Sport (which produces bike components). Exports currently account for 50% of the overall turnover of Eurosport DHS, whilst export partners include various companies from France, Holland, Germany, Hungary, Italy, Greece and Moldova. According to group representatives, exports are estimated to increase by around 20% by the end of the year, as a result of the sales contracts closed by Eurosport DHS this summer. Eurosport DHS estimates an approximately 11.4 million-euro turnover for this year, up 80% against last year, when the company registered sales in excess of 6.3 million euros and accounted for 70% of the overall Romanian bicycle market.