Accell Group : Positive trading update: 2022 EBIT margin target may be achieved in 2021
>Unexpected trading update shows positive sales… - Accell has issued an unexpected trading update for the period up to and including November. Year to date sales increased by 4.4% to € 1.287bn, which compares favourably to our and consensus forecast for the full year of sales of € 1.31bn and € 1.33bn. Sales in the period July to November increased by 5.5% (with solid sales in Bikes and slowing growth in P&A) whereas we were more cautious for 2H21 as we pencilled in a ...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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