BikeExchange Limited (ASX: BEX) Webcast Replay
22nd March, 2023
BikeExchange Limited (ASX: BEX) is a world-leading online bicycle marketplace with over 1,500 brands, 1,700 sellers and 900,000 products in eight countries across the ANZ, EU, Latin and North Americas.
As a part of our ‘The Insiders: Meet the CEOs’ series, Non-Executive Director Dominic O’Hanlon, provides valuable insights to the company, its key markets and industry, and future prospects.
Recorded on 22nd March 2023 at 12pm (AEDT).
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FEATURED SPEAKER
DOMINIC O'HANLON
Non-Executive Director - BikeExchange Limited (ASX: BEX)
Co-founded by Sam Salter (Salter Brothers), BikeExchange (BEX) is an online bicycle marketplace partnering with leading brands and retailers such as Pirelli, Decathlon, Giant, Blaupunkt and 99bikes. In H1 FY23, the company reported a net revenue (by business unit) of $4.4 million, a 77% year-on-year (YoY) increase while reducing its total employment costs by $3 million (55%). BEX is capitalising on a returning buyers market indicated by inventory ramp-ups, increased price competition and normalisation of demand to pre-COVID levels. The company has outlined a pathway to profitability in FY23 supported by the launch of its new customer storefront platform, new seller partnerships, a focus on cash and operational efficiency.
