I think Charles and team have done a reasonable job but I think you talk him up too much. Sales since Covid imo had a massive tailwind, like we saw in Aus with pushbike sales for deliveries and a the terrible idea of flooding of the market with self rental bikes that had a short life and ended up in creeks. Similar tailwinds with large vmoto fleet sales etc in Europe.
What will be really interesting is how well they sell the new models next year, as existing models and fleet sales are going to continue to be weak I think.
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