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Accell Group N.V. (Accell) announces that net sales continued to be very strong from July till October coming in at +38% versus the same period last year and bringing YTD net sales growth to 16%. Consequently, Accell revises its guidance upwards and now expects EBIT for 2020 to exceed prior-year EBIT.

HEERENVEEN, 29 SEPTEMBER 2020. Vandaag lanceert fietsfabrikant Accell Group haar nieuwe purpose met een online video waarin haar eigen medewerkers de purpose vormgeven. Ook kondigt het bedrijf aan dat de fabrieken in Heerenveen, die fietsen leveren voor Europa in 2021 overgaan op zonnepanelen. Dit levert een besparing op van meer dan 1.100 ton CO2 per jaar. Het geheel is onderdeel van het duurzame beleid van Accell dat erop gericht is om zijn eigen fabrieken in 2030 voor 100% op duurzame energie te laten draaien.

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.