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Basta Greatly Influences AXA’s Half-Year Results

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VEENDENDAAL, Netherlands (29 August 2000) — The addition of the Danish bike accessory maker Basta helped Dutch lock and bike accessory manufacturer AXA Stenman Industries increase its net profit by 37% to NLG7.7 million (US$3.15mn;EUR3.47mn). The acquisition, which took place earlier this year, helped AXA’s turnover increase an incredible 76% to NLG 88.1 million (US$36.1mn;EUR39.6mn). […]

VEENDENDAAL, Netherlands (29 August 2000) — The addition of the Danish bike accessory maker Basta helped Dutch lock and bike accessory manufacturer AXA Stenman Industries increase its net profit by 37% to NLG7.7 million (US$3.15mn;EUR3.47mn). The acquisition, which took place earlier this year, helped AXA’s turnover increase an incredible 76% to NLG 88.1 million (US$36.1mn;EUR39.6mn).
Between January and June AXA doubled its bike accessory turnover, up NLG22 million (US$9.02mn;EUR9.9mn) to NLG53.2 million (US$21.8mn;EUR23.94mn). Turnover from foreign sales increased 360%.(OB)

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