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Article Date: July 2017
Word Count: 120

Accell Net Slips on Modest Sales Gains

Net income declined 23% to €26,259,000 ($30.0 million) from €33,967,000 hurt by lower margins and a mix shift towards e-bikes, as revenues inched up 1% to €633,997,000 ($675.9 million) from €629,693,000 in the first half of 2016. Overall gross margin contracted 140 basis points to 28.9%. North America declined 22% to €57 million on lower sales through the sporting goods ... Log in to view full article.


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