Accell Group reports profits, revenue up in first quarter

By Stephen Frothingham

HEERENVEEN, Netherlands (BRAIN) — Accell Group said it recorded higher turnover and profit in the first quarter of this year compared to last year due to higher demand for higher priced e-bikes and sport bikes.

“The year 2016 started well for Accell group,” said René Takens, chairman of the board of directors of Accell.

“Sales of electric bikes were up in all countries, especially in Germany. Sales of electric bikes also increased by more than 10 …read more

Via:: Bicycle Retailer and Industry News