Basta Greatly Influences AXA's Half-Year Results

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).