Accell Group provides trading update and repays GO-C loan

HEERENVEEN (THE NETHERLANDS), 10 DECEMBER 2021. Accell Group N.V. (Accell) reports a strong 2021 profit accretion with EBIT YTD November reaching € 107 mln (8.3% of net sales), up 32.1% versus 2020. Taking into account a strong high H2 2020 comparison base and continued headwinds from global component shortages, YTD November net sales came in at € 1,287 mln, up 4.4% versus 2020. Accell will fully repay its GO-C facility this December and rearranged its existing Revolving Credit Facility (RCF) from seasonal to full year availability to better reflect the change in seasonal patterns.