News

HEERENVEEN (THE NETHERLANDS), 24 JULY 2020 – Accell Group N.V. recorded a year-on-year sales growth of 53.1% in June, bringing H1 net sales to € 676.9 mio, up 4.0% versus last year, despite the impact of the lockdowns in March and April. H1 EBIT came in at € 45.1 mio (excluding one-offs: € 47.5 mio), trailing H1 2019 levels by 19.0% (excluding one-offs: 14.7%) with added value margin down 359 bps at 27.6%, mainly due to mix effects and higher costs caused by COVID-19 related disruptions in the global supply chain. Working capital improved by 243 bps to 29.7% of net sales vs June-end 2019, primarily due to reduced inventories. Operating cash flow came in at € 129.1 mio as a result of the above and as part of our precautionary cash management measures taken in response to the virus outbreak.

HEERENVEEN (THE NETHERLANDS), 12 June 2020. Accell Group N.V. announces that bike sales in May rebounded after weak March and April sales. In parallel, we have arranged an additional credit facility as a precautionary action to secure robust access to liquidity in light of the uncertainty and volatility caused by the COVID-19 pandemic.

HEERENVEEN (THE NETHERLANDS), 22 APRIL 2020. Accell Group N.V. announces that all resolutions proposed to shareholders were passed at the Annual General Meeting (the “AGM”) held in Ede, the Netherlands today.

HEERENVEEN (THE NETHERLANDS), 25 MARCH 2020. In light of the unforeseen and unprecedented impact of COVID-19 on economic activity and the markets we are operating in, and the uncertainty regarding the length and depth of the pandemic outbreak, the Board of Management of Accell Group has decided to withdraw the dividend proposal 2019 of EUR 0.30 per ordinary share and remove item 5.b from the Annual General Meeting (AGM) agenda.

HEERENVEEN (THE NETHERLANDS), 10 MARCH 2020 - Today, Accell Group N.V. (“Accell Group”) has published the website with its Annual Report 2019, as announced on 6 March. This website can be viewed via a link on the corporate website (www.accell-group.com). A PDF-version of the Annual Report can also be downloaded.