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*** Dorels Record Third Quarter ***

Montreal, Canada -- 11/05/2009
Dorel posts record third quarter earnings.



Dorel Industries Inc. (TSX: DII.B DII.A) today released third quarter
and nine month results for the period ended September 30, 2009.

Net income for the quarter was US$30.2 million or US$0.91 per diluted
share compared to US$27.2 million or US$0.82 per diluted share a year
ago. In terms of profitability, the third quarter of 2009 is the best ever
recorded by Dorel. Revenue was US$518.5, down 6.1% from US$552.2
million a year ago.

Net income for the nine months ended September 30 was US$83.0
million or US$2.49 per diluted share, compared to last year's US$93.7
million or US$2.81 per diluted share. Revenue for the nine months was
US$1.6 billion, down 6.3% from US$1.7 billion a year ago.

"The fact that we have exceeded last year's earnings for the quarter
despite a difficult economic period is a tribute to the quality and value
of our products and our focus on maximizing margins through cost
containment, a more stable cost environment and our disciplined
minimum margin requirement program.

Dorel's multi-national operations, diverse operating segments and
broad product lines have traditionally compensated for earnings
variations within the Company's various operating divisions.

This is the case in 2009 as strong results within North America in the
Juvenile and Home Furnishing segments are offsetting less profitable
results at other divisions elsewhere within the Company," commented
Dorel President and CEO, Martin Schwartz.

The third quarter revenue decline was due primarily to a reduction in
sales at mass merchants from prior year levels. Sales at Cycling Sports
Group (CSG) to Independent Bike Dealers (IBD) and specialty sporting
goods customers increased over last year's third quarter.

However, consumers are purchasing less of CSG's higher-end products
and are trading down to lower priced items, which carry lower margins.

Excluding the impact of new business acquisitions and foreign
exchange variations on the segment's non-US based businesses,
Recreational/Leisure's organic revenue decline was approximately
10% for the quarter and 6% year-to-date.

During the quarter and into early October, three business acquisitions
were concluded, including a recognized brand name in "Iron Horse",
and two successful bicycle distributors in Australia and the United
Kingdom.

The UK acquisition of Hot Wheels and Circle Bikes included the popular
local "Charge" brand which was recently awarded both "Manufacturer of
the Year" and "Bike of the Year 2009" by two British cycling magazines.

Dorel has retained the owners of Hot Wheels who will manage the
newly created Cycling Sports Group UK (CSG UK). This subsidiary
will be dedicated to the IBD channel and will drive the future growth
of the Charge, Mongoose, GT and Cannondale brands.

Last month additional initiatives were announced to further grow Dorel's
Performance Apparel Division. The Apparel Footwear Group (AFG) will
incorporate SUGOI Performance Apparel as well as the apparel lines of
Cannondale, GT, Schwinn, Iron Horse and Mongoose - in both custom
and its regular offerings. Plans include an investment in new equipment,
facilities and additional employees. An important focus of AFG will be to
build the custom apparel business, developing specific riding and running
uniforms for teams and clubs.

For Full Report See:
www.newswire.ca/en/releases/archive/November2009/05/c6079.html
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