Economic headwinds and competition hit Tandem

Tandem, the maker of Dawes and Falcon bicycles, said economic uncertainty and intense competition in its markets continued throughout the five month period to 31 December 2011.

Tandem, the maker of Dawes and Falcon bicycles, said economic uncertainty and intense competition in its markets continued throughout the five month period to 31 December 2011.

The aim-listed firm said, "We expect that 2012 will be another challenging year with further input cost pressures, high levels of macroeconomic volatility and a tough retail environment."

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