Accell Group delivers higher sales and profit in H1 2019
(WorldNews Netherlands)

ACCELL GROUP 1 PRESS RELEASE Semi-annual 2019 results Number of pages: 26 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 EUR 650.9 mio, added value up 27 bps to 31.2% and EBIT coming in 12.6% higher at EUR 57.8 mio in H1 2019. Trade working capital as a % of net turnover decreased by 200 bps to 32.2%. The non-core North American business decreased by 15.9% to EUR 31.8 mio (5% of group net turnover) with EBIT coming in at EUR -11.3 mio...