Accell Group Sales, Profits Grow Despite Shortages
Accell, in which is likely its last report as a public company, had an 8% net income increase to €70 million ($82.7 mm) from €64.8 million on 6% higher revenues of €1,377.1 ($1,627. 8 mm), up from €1,296.5 million. Added value, which is effectively gross margin, was up 269 basis points to 30.6%, while operating expenses increased 9% in euros on increased supply chain, marketing and research and development costs, and leveraged 53 b.p. as a percent of sales. Despite global supply chain disruptions and ... Log in to view full article.