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Tag Archives: Accell Group

Accell Group launches new video showing how ‘cycling moves the world forward’

Bicycle manufacturer Accell Group has launched its ‘new purpose’ with an online video featuring the company’s staff showing how ‘cycling moves the world forward’. Its plants in Heerenveen, which produce bicycles for the European market, are also transitioning to solar energy in 2021. The move will result in a reduction …

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Accell Group sees ‘steep’ post-lockdown sales rebound

The Accell Group has recorded a year-on-year sales growth of 53.1% in June. This brings H1 net sales to €676.9 million, up 4.0% vs last year, despite the impact of lockdown in March and April. H1 EBIT came in at €45.1 million (excluding one-offs: €47.5 million), trailing H1 2019 levels …

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Double award for Continental tyres made from dandelion rubber

The Urban Taraxagum bicycle tyre from Continental has won the Red Dot Design award. It was also recently awarded the E-Bike Design and Innovation Award in the Sustainability and Green category by the magazine Focus E-Bike. While the Red Dot Award is awarded for the design of the tread of …

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Pippa Wibberley to become global managing director of Accell Bike Parts

Pippa Wibberley will be taking up a new position as global managing director of Accell Bike Parts GmbH, after two and a half years as managing director of Raleigh UK. During her time as MD, Wibberley led a strong Raleigh team to deliver market share growth in key markets such …

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Accell Group sees “strong recovery” of bike sales in May

The Accell Group has seen a “strong recovery” in its bike sales in May, following weak March and April sales. Due to the various lockdowns and subsequent shop closures in several countries, group revenue in March and April came in approximately 27% lower compared to last year. Towards the end …

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Accell Group provides business update, withdraws dividend proposal

The Accell Group is withdrawing the dividend proposal 2019 of  €0.30 per ordinary share. The dividend withdrawal is part of a package of managerial measures taken to ensure business continuity for the coming period. The delay in component delivery from Asia combined with the effect of lockdowns, resulting in bike …

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