Leading European bike business Accell Group NV has issued a reporting statement for 2012. Based on the developments in the third quarter of this year, Accell Group expects higher turnover in the second half of 2012. This is ‘driven both organically as well as through acquisitions, through growth in all product groups and in all [of Accell Group’s] important countries.’
Accell Group has been boosted by a number of acquisitions, most notably Raleigh and Van Nicholas in recent months, which have been added to portfolio brands including Koga and Lapierre amongst others.
Over the full year 2012 Accell Group expects higher turnover compared to 2011. Although, the ‘net operating result will come in lower in 2012 compared to 2011.’ The impact on profit in the second half of 2012 is due in part to the financing costs of recent acquisitions.
The group reported a 19% increase in turnover to €445.6 million in the first half of 2012. At that time, the company noted that 2% of this revenue gain was organic.
