DOREL REPORTS FIRST QUARTER RESULTS

Dorel Industries Inc. (TSX: DII.B)(TSX: DII.A) today released results for the first quarter ended March 31, 2011. Revenue reached US$607.8 million, up 1.9% from US$596.3 million a year ago. Net income was US$31.2 million or US$0.94 per diluted share, compared to last year's US$38.2 million or US$1.15 per diluted share. Upon transition to International Financial Reporting Standards (IFRS), previously issued earnings per diluted share for the first quarter of 2010 which was reported as US$1.12, have been restated to US$1.15.

"A highlight of the first quarter results is the momentum of the Company's bicycle business, particularly in the IBD channel. Improved earnings in that segment were offset by a challenging retail environment for our U.S. juvenile products business. Home Furnishings revenues were stronger both year-over-year and particularly sequentially, but factors including high commodity prices and freight rates, as well as the weakening US dollar resulted in lower earnings compared to last year's first quarter. I am pleased to report that the high 2010 year-end inventories have started to come down and this will convert into improved cash flow as we move through the year," stated Dorel CEO and President Martin Schwartz.

Summary of Financial Highlights First Quarters Ended March 31 All figures in thousands of US $, except per share amounts 2011 2010 Change % Total revenues 607,783 596,313 1.9% Net income 31,164 38,206 -18.4% Per share - Basic 0.95 1.16 -18.1% Per share - Diluted 0.94 1.15 -18.3% Average number of shares outstanding - diluted weighted average 33,007,150 33,241,496

Juvenile Segment

First Quarters Ended March 31 2011 2010 $ % of rev. $ % of rev. Change % Total revenues 269,620 285,793 -5.7% Gross profit 71,620 26.6% 83,099 29.1% -13.8% Operating profit 23,672 8.8% 33,131 11.6% -28.6%

The first quarter revenue decrease of 5.7% was in most of the Company's Juvenile operating divisions, but was most pronounced in the United States, where consumer spending in this category continues to be down at the retail level. In local currencies, European sales decreased by less than 2% from last year. As foreign exchange rates were relatively consistent year-over-year, revenues in local currencies were down by a similar percentage. Sales of mid-price point Safety 1(st) products have been well received by consumers in Europe and car seats will be offered later this year in the opening-price point category.

Earnings were affected by lower sales as well as higher input costs, a less profitable product mix at Dorel Juvenile Group USA and higher costs in Europe due to less favourable foreign exchange rates on that division's US dollar purchases. However, recent strength in the Euro will help the Juvenile segment going forward if the trend continues. The current US retail environment is making the acceptance of price increases difficult, a situation which is being closely monitored and addressed with new product introductions scheduled throughout the balance of the year.

Recreational/Leisure

First Quarters Ended March 31 2011 2010 $ % of rev. $ % of rev. Change % Total revenues 200,427 181,677 10.3% Gross profit 50,995 25.4% 46,123 25.4% 10.6% Operating profit 17,771 8.9% 15,071 8.3% 17.9%

The US$18.8 million or 10.3% increase in Recreational/Leisure sales was entirely organic with operating profit improving by 17.9%. Revenue growth was above 25% in the IBD channel as the momentum created last year with the introduction of the well received 2011 new model year product line continued into this year's first quarter. Sales growth was in all markets, but was strongest for the Cannondale and GT brands in Europe and Australia. The Cannondale dealer base continues to grow due to innovation and brand building. Sales in the segment's mass merchant category declined mid-single digits, due in part to poor weather and the late Easter holiday period.

The Liquigas-Cannondale pro-cycling team is currently competing in the Giro d'Italia which runs until May 29(th). The Giro is one of the world's three Grand Tours and will provide outstanding visibility for the Cannondale brand. As announced last year, Dorel is now a Co-Title sponsor of the renamed "Liquigas-Cannondale" race team. The team came first in the 2010 Giro.