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Accell Group realises higher growth, added value and EBIT

HEERENVEEN (THE NETHERLANDS), 6 MARCH 2020 – Accell Group N.V., the leading European bicycle company
with well-known brands such as Haibike, Koga, Batavus and Raleigh, today announces that performance
improved across the board in 2019. Net turnover increased by 7.5% to € 1,111 mio with contributions from all
regions and with e-bike and (e-)cargo bike sales as main growth drivers. Added value was up 53 bps to 30.7% and
EBIT came in 16.6% higher at € 60.0 mio. Excluding one-offs, EBIT decreased 2.6% to € 54.8 mio. The loss on
discontinued operations is € 56.5 mio.

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