From a social and macroeconomic point of view, 2022 was partly influenced by the persistence of the global coronavirus pandemic COVID-19. The effects of the pandemic on commercial activity have been expressed through strong demand in the bicycle sector and an increase in transport, raw material and energy costs.Increased demand for bikes has led us to increase our production volumes by 29% compared to 2021. This, together with an increase in average selling prices, has led us to a 33% increase in net revenues. To support the entire system, our workforce has also been strengthened through a 16% expansion.
MLN EUR of net revenues +33% YoY
tons of production +29% YoY
employees as of 31.12.2022 +16% YoY
Overview on Vittoria Group
We produce and sell tires, tubulars and inner tubes for bicycles. With an annual production of over 7 million tires, we are among the largest operators in the sector. As a Group, we are the owners of the "Vittoria" brand for road and mountain bike tires and we distribute third-party bicycle accessories worldwide.
Our values and mission
Our purpose is to bring new experiences to riders. Our mission is to make the most advanced bicycle tires in the world. To do that, we focus on Innovation, Sustainability, and Distinctiveness. Innovation, as it allows us to deliver to our customers high-quality and high-performance products. Sustainability, as we know that cycling is the greenest form of transportation, yet tires are not ‘green’ per se. Distinctiveness, since we outperform our competitors for grip, durability, speed, and puncture resistance. Now you know why we relentless pursuit the next technology, the next design, the next material and the next level of performance.
Vittoria S.p.A., Vittoria Park S.r.l. & Rideasy S.r.l.
Vittoria Tyres Thailand CO. Ltd.
Vittoria Industries North America Ltd.
Vittoria Asia Pacific Ltd.
THE RIDE AHEAD
Our motto, The Ride Ahead, embodies the concept of continuously raising the bar. We do not only produce tires, we want to make a difference to our riders’ experience. We use a language that is optimistic, passionate, expert and curious, to create synergies with all our stakeholders.
“The Ride Ahead” takes different meanings for our different categories of stakeholders
- For Riders, it means being optimistic about the future, anticipating the next ride, making sure they get the best advice for their tires’ set-up in order to boost their performance on their bike;
- For the Brand, it means delivering superiority in product performance and experience, being a leader, challenging the status quo of the category, being active, and using innovation as the energy to transition from today to tomorrow;
- For Employees, it means building on the past by embracing the future, having a unifying purpose of creating the ride of tomorrow;
- For Partners, it means feeling part of the same journey, working for a better future and building their business through an innovative partnership with us.
Our product offering
We produce and sell tires, tubulars, and inner tubes for bicycles and our goal is to provide our customers with a range of high-quality products to ensure them a superior performance in cycling. We are aware that cycling is constantly changing, but there are three groups of riders we keep in mind when developing our products:
Our road products apply the know-how developed together with professional athletes and racing-inspired product technologies for all demanding cyclists who do not want to compromise on performance. These products aim to constantly improve the experience of every cyclist in every type of road discipline. This product category historically counts on multiple victories of many professional athletes and teams and is broken down into the following segments: