In addition to the pleasing sporting successes, the association is pleased to be able to present an equally pleasing and once again very good annual financial statement. After closing 2012 with a profit of CHF 660,000, members can now look forward to a surplus of CHF 778,000 for 2013. This fantastic result was achieved thanks to consistent spending discipline and the efficient use of funds, as well as additional income in almost all areas.

After a long period under an oppressive debt burden, Swiss Cycling is debt-free at the end of 2013. Despite a massive and persistent reduction in debt in recent years, new programs to promote cycling have been initiated and implemented in almost all areas. The association is still very keen to get as many young people as possible interested in cycling. A strong focus of current activities is therefore on the youth sector. Furthermore, the relocation and the associated commissioning of the new performance center in Grenchen, in the Velodrome Suisse, should be highlighted.Swiss Cycling would like to thank Swiss Olympic, the Federal Office of Sport, InfrontRingier Sport&Entertainement and all its partners, without whom such financial success would not have been possible. In addition to building up a healthy equity base, the aim is to ensure that cycling can continue to be practiced at the highest level in Switzerland in the future. The association will do everything in its power to take the necessary steps to achieve this and to continue on the path it has taken.www.swiss-cycling.ch

Source: Press release