Accell’s IBD sales down in North America, but Ghost sales and strong dollar boost 2015 results

By Stephen Frothingham

Global revenues were up 9% last year thanks to e-bikes; profits up 33 percent.

HEERENVEEN, Netherlands (BRAIN) — Accell Group is reporting that its global profits and revenues were up significantly in 2015, largely thanks to e-bike sales in Europe. But North American IBD sales remain a sore spot for the Dutch company, which offers Haibike, Raleigh, Diamondback, Ghost and Redline bikes in the U.S. and Canada.

The company said IBD sales in North America declined …read more

Via:: Bicycle Retailer and Industry News