Earnings/Financial Reports
HEERENVEN, the Netherlands (BRAIN)—Accell Group N.V. has sold its 22 percent stake in Derby Cycle AG to Pon Holdings at a price of €28 per share.
For Accell Group this results in a book profit of €17 million on the sale of its shares in Derby Cycle.
HEERENVEN, the Netherlands (BRAIN)—Accell Group N.V. has taken notice of the intention of Pon Holdings B.V. to make a public offer for all outstanding shares of Derby Cycle
at a price of € 28 per share.
CLOPPENBURG, Germany (BRAIN)—Derby Cycles sold 73,000 electric bicycles in the first nine months of the year, a jump of nearly 86 percent from the same time period last year, according to an earnings report released by the company on Monday.
VAN NUYS, CA (BRAIN)—Easton Bell Sports sales hit $211.9 million in its second quarter ending July 2, an increase of 4.5 percent compared to sales of $202.8 over the quarter last year.
WASHINGTON, D.C. (BRAIN)—Suppliers brought in 17 percent fewer bikes, a shortfall of 1.5 million units, through June compared to the same period last year. The 30 percent drop in kid’s imports, off 1.4 million units, explains most of the overall shortfall.
WATSONVILLE, CA (BRAIN)—Fox Racing Shox saw sales to Europe and Asia grow to $30.4 million over the second quarter, up from $21 million over the same quarter last year.
MONTREAL (BRAIN)—Strong sales in Europe among Dorel Industry’s specialty brands drove nearly 16 percent growth in the company’s cycling segment in the second quarter of the year, according to an earnings report released on Tuesday.
LA CANADA FLINTRIDGE, CA (BRAIN)—Sports Chalet saw its sales total $82.8 million, an increase of 3.9 percent in the first quarter compared with a year ago. Sports Chalet, however, still reported a loss of $0.8 million, or 6 cents a share.
CLOPPENBURG, Germany (BRAIN)—Germany’s Derby Cycle expects to post third-quarter revenue of around 84.4. million euros ($122.3 million), an increase of 35 percent over the same quarter last year.
HELSINKI, Finland (BRAIN)—Mavic sales grew 17 percent in the second quarter of the year, driven equally by sales of wheels and cycling soft goods like footwear and apparel, Heikki Takala, president and CEO of Mavic’s owner Amer Sports said in a conference call on Thursday.
OSAKA, Japan (BRAIN)—Sales in Shimano’s bicycle components segment increased 3.3 percent for the first six months of the year as the world economy remained on a modest recovery track, the company said in an earnings report released Wednesday.
HEERENVEEN, the Netherlands (BRAIN)—Accell Group reported 9 percent growth in sales and 13 percent rise in net profit for the first six months of the year, according to earnings figures released Friday by the Dutch company.
BOULDER, CO (BRAIN)—Outdoor Industry Association has released the OIA VantagePoint June Monthly Trend Report, which reveals that compared to the general retail sector, outdoor product sales notched a smaller-than-anticipated 2.7 percent sales increase for the five-week fiscal month of June to $1.23 billion.
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