PxPixel
Koga owner ups its profit forecast - BikeBiz

Koga owner ups its profit forecast

Accell Group N.V. is adjusting its profit forecast upwards. For the full year 2004 the company now expects an increase of earnings per share by at least 30 percent compared to 2003. Accell Group is proposing a stock split.
Author:
Publish date:

A statement from Accell put the profit boost down to "solid sales of bicycles, bicycle parts and fitness products in the upper segments, plus the positive contribution of acquired companies during the first half of the year."

René Takens, Chairman of the Executive Board of Accell Group, said:

"Obviously, we are satisfied with the development of our results during these times. The extensive attention for the centennial celebration of Batavus and the sales growth of the Sparta ION, an electrically supported bicycle, have given our results an extra impulse.

"It is clear that consumer spending will continue to be restrained for some time to come. However, the prospects for the coming months for Accell Group are good."

Takens said a proposal to split the shares 2 for 5 will be presented during an Extraordinary General Meeting of Shareholders.

"Following approval by the shareholders, the split can be effected in December."


http://www.accell-group.com/uk

Featured Jobs

the cycle hub

Showroom Manager

The Cycle Hub I Dubai, United Arab Emirates I Competitive Package & Bonus I Date Published Tuesday 26th June 2018

Giant St Paul Logo

Bike Fitter / Sales Person

Giant St Pauls I City of London I Salary: Negotiable Dependent on Experience I Date Published Thursday 21st June 2018

CRC_Logo_620x349-1

Bike Technician

Chain Reaction Cycles I Ballyclare I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018

Canyon_Logo_1(1)

Brand Content Writer

Canyon Bicycles GmbH I Koblenz, Germany I Salary: Up to €38,000 I Date Published Tuesday 3rd July 2018

CRC_Logo_620x349-1

Retail Sales Advisor

Chain Reaction Cycles I Belfast I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018