All Accell Group articles – Page 2
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ArticleParts shortage slows Accell’s results
A growing market for bike parts and accessories helped Accell Group to raise net sales for the six months to June 30 by 3.3 percent to €699.1 million, despite a drop in sales of finished bicycles due to supply and logistics problems. Order books for electric bikes remained strong, but ...
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News briefs
Accell Group’s CSCO to leave the company
At its 2015 annual general meeting, Europe’s leading premium bicycle supplier Accell Group N.V. announced that the newly created position of chief supply chain officer (CSCO) would be filled by industry newcomer Jeroen Both , who would also join the management board as its fourth member. Now, the group’s ...
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Article
Outdoor companies’ stocks up by 18.9% in Q1
The average stock market value of 31 selected public companies in the outdoor sector saw a sequential improvement of 18.9 percent between the fourth quarter of 2020 and the first quarter of 2021, buoyed by the strong performance of stock markets across the globe, fueled by recovery hopes. This reflects ...
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ArticleGlobal bicycle stocks Q1 2021: The soaring continues
While most of the existing problems caused by the Corona crisis have yet to be resolved, the global stock market is relying on hopes — hopes for a bright post-Corona future. Instead of going into crisis mode, it is simply bypassing all the economic killers that are piling up. Supported by further stimulus packages and the open money floodgates of central banks, the stock market remains high. Our cycling stock chartists are ahead of the curve. They rely on another serious advantage: the bicycle and e-bike sales boom pushed by Corona led to excellent business figures last year. These were announced in the first quarter of this year. Some of the record results were a good impetus for the development of the share value in Q1 2021.
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News briefsBurley expands distribution in the Nordic region
U.S. bike trailer and child seat expert Burley Design is expanding its distribution to the Nordic region (Denmark, Finland, Norway, Sweden) through a new partnership with Denmark-based Cycle Service Nordic . This partnership grants independent bicycle dealers access to Burley products and the ability to include the brand’s trailers ...
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News briefs
Accell Group plans to nominate two new supervisory board members
Accell Group , Europe’s leading premium bicycle supplier, has announced that its supervisory board intends to nominate Luc Volatier and Eugénie van Wiechen as new members. Following their nomination, the new board members will be appointed at the annual general meeting on April 21 for a period of ...
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ArticleAccell reports strong results, headed by Europe
The post-Covid boom in the bicycle sector fuelled the revenues of Accell Group in 2020, which soared by 17.0 percent organically from the previous year to €1,296 million, thanks mainly to sustained high demand for bicycles, parts and accessories across Europe. The results do not include the group’s former operations ...
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ArticlePon sells stake in Accell
According to reports in various Dutch media, Pon Holdings B.V. sold its 20-percent corporate stake in competitor Accell Group N.V. at the end of last year. At the time of writing, no official comment was available from either Pon or Accell. In 2017, Pon Holdings, which is well-positioned ...
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ArticleBike stocks 2020: Corona gives the bicycle industry a turbo boost
Same same but different – 2020 has been a real rollercoaster. Not only for the world economy but for each individual: Corona set the course. 2020 saw the most extreme stock market movements ever. What it finally taught us above all: whether economic, trade or other wars, political crises or ...
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News briefs
Accell names Epco Vlugt director for Benelux and Denmark
Accell Group has appointed Epco Vlugt as the new regional director of Accell Benelux and Denmark, effective Feb. 1, 2021. He will take over from Sten van der Ham , who is leaving the organization. Vlugt is the current managing director of Vélosophy , part of the Accell ...
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ArticleEDM Executive Survey: Sports and outdoor brands are pushing DTC
While experiencing generally lower orders from retailers, primarily because of the coronavirus outbreak, more than two-thirds of sports and outdoor brands responding to our survey intend to further develop their own direct-to-consumer (DTC) operations, relying more on their own websites than on those of third-party e-tailers.
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