CLOPPENURG, Germany – Derby Cycle reports a growth in revenue of 6.6%, from 37.8 million euro in the prior‐year period to 40.3 million euro in the first quarter of 2011/12 as of December 31, 2011.
‘Good start’
“We regard our results achieved in the first quarter as a good start to the 2011/12 financial year”, said Matthias Seidler, CEO of Derby Cycle AG. “Between October and December we further expanded our revenue year‐on‐year, despite the fact that these tend to be weaker months for bicycle manufacturers. With around 82,000 bicycles sold, we boosted sales volumes by 1.3% year‐on‐year, and achieved 6.6% revenue growth.”
High pre-order level
“Prospects also remain very good for the coming months due to the high pre‐order book position at the end of the last financial year, where we registered a 25% year‐on‐year increase as of September 30, 2011.”
Lower EBIT
Uwe Bögershausen, the company's CFO, went on to add: “We are very satisfied with the start to the new financial year. The lower EBIT is due to special one‐off effects that are mainly attributable to our greater need for advisory services in connection with our own Merger&Acquisitions activities, Accell’s takeover attempts, and the takeover by Pon.”
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