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string(283) "Bicycle manufacturer Accell Group recorded higher turnover in its European branch in the first half of this year compared to a year ago. The company also increases its gross profit (EBIT) in that section. That is the expectation of analysts at ING, who expect a quarterly report with"
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string(162) "Accell Group achieved marginally more turnover in the first six months of 2017, but saw profits come out clearly lower, partly due to a write-down on a tax asset."
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string(193) "Based on developments up to and including October, Accell Group expects higher turnover in all major countries in the second half of the year compared to the same period last year - November 18"
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6bf0e-nl-accell-group-nv
Accell Group B.V.
Location
Friesland
Founded
1998-01-01
Website
https://www.accell-group.com
Articles
339 Articles
Category
Offices of Holding Companies, Not Elsewhere Classified
Description
Accell Group is a European company that designs and manufactures bicycles, bicycle parts, and accessories. They are the European market leader in e-bikes and the second largest in bicycle parts and accessories. They have numerous leading European bicycle brands under their portfolio, including Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe, and Carqon. They also have a brand called XLC for bicycle parts and accessories. Accell Group has approximately 3,500 employees across 15 countries and sells their products to dealers and consumers in more than 80 countries. In 2021, they sold around 856 thousand bicycles and had a turnover of €1.4 billion.
Bicycle manufacturer Accell Group recorded higher turnover in its European branch in the first half of this year compared to a year ago. The company also increases its gross profit (EBIT) in that section. That is the expectation of analysts at ING, who expect a quarterly report with
Accell Group achieved marginally more turnover in the first six months of 2017, but saw profits come out clearly lower, partly due to a write-down on a tax asset.
Based on developments up to and including October, Accell Group expects higher turnover in all major countries in the second half of the year compared to the same period last year - November 18
The Accel Group, large in cycling and fitness, has had a good quarter. This was mainly due to rising bicycle sales, the company's largest branch. Fitness sales declined.
Accell Group will announce today during the General Meeting of Shareholders that turnover and results in the first months of 2008 are at a higher level than in 2007.
Accell Group announced today that net profit in the first half of 2007 increased from 10.6 to 11.5 million euros. Turnover also increased: 275.5 million euros compared to 242 in the first half of 2006.
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