Accell Group confirms outlook

HEERENVEEN (THE NETHERLANDS), 25 APRIL 2017 – Accell Group announces that turnover in the first months of 2017 is at the same level as in 2016. The trends seen in the past year have continued as expected. Sales of e-bikes increased and sales of city and kids bikes decreased. Based on these developments, the company confirms its full year 2017 outlook of an increase in turnover and operational results, barring unforeseen circumstances.

In addition, Accell Group announces that after today’s Annual General Meeting of Shareholders the Supervisory Board intends to appoint Hielke Sybesma, CFO of Accell Group, as interim CEO and interim Chairman of the Executive Board of Accell Group. Mr. Sybesma will combine his interim role with his current role as CFO. As announced on February 9, 2017, René Takens will resign as CEO and Chairman of the Executive Board after the Annual General Meeting. He remains involved with Accell Group as advisor.

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