Accell Group delivers higher sales and profit in H1 2019

HEERENVEEN (THE NETHERLANDS), 19 JULY 2019 – Accell Group N.V., the leading European bicycle company
with well-known brands such as Haibike, Koga, Batavus and Raleigh, today announces that its core business
progresses well with net turnover up 8.8% at € 650.9 mio, added value up 27 bps to 31.2% and EBIT coming in
12.6% higher at € 57.8 mio in H1 2019. Trade working capital as a % of net turnover decreased by 200 bps to

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