Price slashing sees Canyon make losses

Profits are down for the German bike brand, despite an increase in sales volume

Jasper Philipsen's Canyon Aeroad in green
(Image credit: Getty Images)

Bike manufacturer Canyon has seen its profits fall into the red, with heavy discounting and supply shortages cited as a cause.

Canyon recorded a net loss of £1.7million (€2m, $2.2m) in the first nine months of 2023, according to the latest financial report published by its key stakeholder, GBL.

Thank you for reading 20 articles this month* Join now for unlimited access

Enjoy your first month for just £1 / $1 / €1

*Read 5 free articles per month without a subscription

Join now for unlimited access

Try first month for just £1 / $1 / €1