Accell Group : Lowering Twisting and tweaking estimates
>Twisting and tweaking 2021 estimates - Because of the mixed signals from the industry, see below, we are modestly lowering our estimates for 2021. We cut our 2021 sales and underlying EBIT forecast by 1.5% and 2.1% respectively, roughly equally divided by the Bike and Parts & Accessories division. For 2021 we now assume organic growth of 3% (was 5%), solely due to the supply chain issues. We are currently more or less in line with 2021 consensus sales but are signifi...Accell Group NV is a holding company active in the bicycle market, based in the Netherlands. The Company and its subsidiaries divides its business into two segments: bicycle & bicycle parts, active in the design, development, production, marketing and sales of bicycles, bicycle parts and accessories; and fitness, providing fitness equipment for home market. It offers bicycles under the Batavus, Carraro, Ghost, Haibike, Koga, Lapierre, Loekie, Nishiki, Sparta, Staiger, Torker Bicycles, Tunturi, Van Nicholas, Winora, XLC and Raleigh brands, which are sold via specialist bicycle retailers, as well as bicycle parts under the Juncker and E. Wiener Bike Parts brands, and fitness equipment under the Tunturi brand. The Company's main markets are the Netherlands, Germany, North America, and European countries. The Company has production facilities in the Netherlands, Germany, France, Hungary, Turkey and China. It operates through over 20 wholly owned subsidiaries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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