It will be a steep climb back for the embattled parent of Raleigh and other bike brands, according to the latest ratings update from Fitch, which estimates Accell’s sales dropped 15% in 2025. The top line is guided to dip another 9% dip in ‘26 as pressured discretionary goods spending is partially offset by improved pricing with less discounting. Sales should return to between 4.5% to 5.5% growth in ‘27 and ‘28 as volumes improve. The ratings agency expects a ‘25 EBITDA loss of €17 million, recovering from 2024’s hemorrhaging in ... Log in to view full article.