Accell Group : Preview FY21: Numbers take backseat to KKR offer
>FY21 EBIT margin closing in on the 2022 target of at least 8% - Accell will reports 2021 results on March 4 before the market opens. A virtual analyst meeting is scheduled for 10h CET (no details provided yet by Accell). We forecast FY21 sales of €1.39bn (cons at €1.37bn) and an underlying EBIT of €104m (cons at €105m)implying sales of €125m and a break-even EBIT in December 2021 given the €1.28bn in sales and €104m in underlying EBIT reported in the period up to and...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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