Accell Group : Preview 2H20 and FY20 results
>Solid results driven by positive markets - Accell is set to report its 2020 results on the 5th of March of 2021. We forecast 2020 sales of € 1,23bn (2H20: €548.3m), up 10.3% year-on-year. However, we are 3% below consensus as we expected supply chain issues to hamper sales somewhat. Recent numbers by other manufacturers and bike retail chains have been very good in 4Q2020, which makes our forecast perhaps a little cautious. Because of the same assumption of supply c...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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