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Article Date: March 2017
Word Count: 123

Accell Net Flat on Modest Sales Gain

Net income was €32,292,000 against €32,286,000 for the year ended Dec. 31 as sales improved 6% to €1,048,152,000 compared to €986,402,000. The growth was driven by strong 33% growth in E-bikes, which now comprise 41% of total sales. Sales grew even faster in the performance e-bike segment, up 70%. That was partially offset by continued declines in the Raleigh business in ... Log in to view full article.


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