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Article Date: March 2018
Word Count: 181

Accell Results Decline on Weak North American Market

Net income slipped by two-thirds to €10,501,000 ($11.8 mm) from €32,292,000 in 2017 on 2% higher revenues at €1,068,473,000 ($1,204.6 mm) vs. €1,048,152,000 despite a decline in North America. The German market gained 18% to €313 million and Rest of Europe was also positive, increasing 5% to €427 million, both driven by e-MTB sales strength. But the home Netherlands market dropped 9% to $203 million as it restructured its distribution strategy there. Accell North America sales were off 14% to €102 million ($115 mm) on weakness in the multi-sports retail channel ... Log in to view full article.


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