Turnover Accell Group Rises, But Profit Declines in 2013

HEERENVEEN, the Netherlands – Accell Group N.V. recorded an increase in turnover of 10% to € 849.0 million in 2013, from € 772.5 million in 2012. This was largely the result of higher sales of electric bikes (e-bikes) and higher turnover in North America. Organic turnover growth came in at 5%.The net result came in at € 19.0 million in 2013, down from € 23.3 million in 2012.