Dienstag, 24. Oktober 2017

  • Pressemitteilung BoxID 342245

Derby Cycle AG: Adjustment of the fiscal year 2011/12 forecast

Cloppenburg, (lifePR) - Derby Cycle AG (ISIN DE000A1H6HN1, WKN A1H6HN), announces that the company expects revenues at the lower end of its existing forecast of between EUR 250 million and EUR 270 million for the current 2011/12 fiscal year. The expected EBIT margin for the 2011/12 financial year will presumably be between 7% and 8%, contrary to the previous forecast of between 8% and 9%. This is due to the weak spring caused by weather conditions and therefore a development of the operative business which is at the lower end of the expectations, as well as to special one-off effects.

Further information:
German Security Code Number (WKN): A1H6HN
Exchange: Regulated Market (Prime Standard), Frankfurt

Derby Cycle Holding GmbH

Derby Cycle is Germany's largest bicycle manufacturer in terms of revenues, and one of the leading manufacturers in Europe. In particular, global demand growth for high-quality electric and sports bicycles, as well as the company's advancing internationalisation in all European volume markets, are reflected in the company's dynamic growth. Derby Cycle's product range comprises electric bicycles, sports bicycles for leisure and competition purposes, as well as comfort bikes for everyday and travel use. These bicycles are sold through the established Kalkhoff, FOCUS, Raleigh, Univega and Rixe brands. All models are developed and assembled at the company's base in Cloppenburg, Germany. These high-quality products are distributed through specialist retailers who provide their customers with professional advice and extensive service.

With around 614 employees, Derby Cycle achieved revenue of EUR 235.5 million in the fiscal year 2010/2011, 66.9% of which was generated in Germany, and 33.1% abroad. Earnings before interest and tax (EBIT) amounted to approximately EUR 19.6 million. Derby Cycle sold a total of around 482,000 bicycles, of which 87,000 comprised e-bikes.

Further information is available at: www.derby-cycle.com

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