Accell's profits surge thanks to electric mountain bikes

[LockH]

http://www.bikebiz.com/index.php/ne...urge-thanks-to-electric-mountain-bikes/019144

Turnover rose organically by 9 percent, largely on the back of higher electric bike sales, said Accell chairman René Takens:
"We recorded a solid increase in turnover and profit in 2015. The continuing growth in the sales of eMTBs in various European countries made a particularly strong contribution to this increase in the results. The largest growth was noted in Germany, where turnover now accounts for 23 percent of the total turnover."

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[LockH]

"Accell Reports Accelerating E-Bike Sales in Smaller Markets"
http://www.bike-eu.com/sales-trends...ting-e-bike-sales-in-smaller-markets-10126139

Double digit growth
René Takens, Chairman of the Accell Group Board of Directors comments, “The year started well for Accell group. Turnover has shown a positive development. Sales of electric bikes were up in all countries, especially in Germany. Sales of electric bikes also increased by more than 10% in countries where the market in this category is more modest.”

Accelerating markets
Asked which markets he refers to CEO Takens says, “Countries like Belgium, Denmark and the UK. In France the e-bike market is still small.” On the company’s e-bike sale in Germany Takens states, “Here sales growth has been established in particular with e-MTBs. This category, in which our Haibike brand is leading the market in Europe, continues to grow.”