Poor Summer Puts Pressure on Accell Results

The poor summer of 2011 is leaving its traces in the financial results of Accell Group NV. In today's published report on the first nine months of the year, the holding of companies like Batavus, Winora, Atala and Accell Bisiklet announces that: “The total sales of new bicycles in some major markets has lagged behind expectations. This is largely due to bad weather in Europe during the summer months. This made that for a number of Accell Group companies there's a higher level of inventory at season's end.”